Ralph Lauren Co. (NYSE:RL) Holdings cut by Securian Asset Management Inc.
Securian Asset Management Inc. reduced its stake in Ralph Lauren Co. (NYSE: RL – Get a rating) by 7.6% in the first quarter, according to the company in its latest filing with the Securities & Exchange Commission. The institutional investor held 3,654 shares of the textile maker after selling 300 shares during the quarter. Securian Asset Management Inc.’s holdings in Ralph Lauren were worth $415,000 at the end of the last quarter.
Other hedge funds and other institutional investors have also recently increased or reduced their stakes in the company. Verdence Capital Advisors LLC increased its holding in Ralph Lauren shares by 21.0% in Q1. Verdence Capital Advisors LLC now owns 3,307 shares of the textile maker valued at $375,000 after buying an additional 575 shares last quarter. WBI Investments Inc. bought a new position in Ralph Lauren stock during Q1 worth $639,000. Cornerstone Investment Partners LLC bought a new stock position in Ralph Lauren during Q1 worth $241,000. Gladius Capital Management LP increased its holding in Ralph Lauren shares by 69.0% during the 1st quarter. Gladius Capital Management LP now owns 3,939 shares of the textile maker valued at $447,000 after buying 1,608 additional shares last quarter. Finally, Daiwa Securities Group Inc. increased its stake in Ralph Lauren shares by 551.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 2,953 shares of the textile maker valued at $334,000 after buying an additional 2,500 shares last quarter. Hedge funds and other institutional investors own 99.89% of the company’s shares.
Ralph Lauren Price Performance
Shares of Action Ralph Lauren opened at $97.34 on Friday. The company has a debt ratio of 0.58, a quick ratio of 1.44 and a current ratio of 1.87. The company’s 50-day simple moving average is $95.32 and its 200-day simple moving average is $106.77. Ralph Lauren Co. has a 12-month low of $86.54 and a 12-month high of $135.99. The company has a market capitalization of $6.82 billion, a P/E ratio of 12.14, a price-to-earnings growth ratio of 1.30 and a beta of 1.38.
Ralph Lauren (NYSE: RL – Get a rating) last released its results on Tuesday, May 24. The textile maker reported earnings per share of $0.49 for the quarter, beating the consensus estimate of $0.30 by $0.19. Ralph Lauren had a net margin of 9.65% and a return on equity of 23.00%. The company posted revenue of $1.53 billion for the quarter, compared to analysts’ estimates of $1.46 billion. During the same period of the previous year, the company achieved EPS of $0.38. The company’s revenue increased 18.7% year over year. As a group, research analysts expect Ralph Lauren Co. to post EPS of 8.33 for the current fiscal year.
Ralph Lauren increases its dividend
The company also recently announced a quarterly dividend, which was paid on Friday, July 15. Shareholders of record on Friday, July 1 received a dividend of $0.75 per share. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.69. This represents an annualized dividend of $3.00 and a dividend yield of 3.08%. The ex-dividend date was Thursday, June 30. Ralph Lauren’s payout ratio is 37.41%.
Analyst upgrades and downgrades
RL has been the subject of a number of recent research reports. StockNews.com upgraded Ralph Lauren shares from a “hold” rating to a “buy” rating in a Sunday, June 19 report. Telsey Advisory Group lowered its price target on Ralph Lauren shares from $160.00 to $140.00 and set an “outperform” rating on the stock in a Wednesday May 25 research note. Cowen lowered his target price on Ralph Lauren shares from $171.00 to $151.00 in a Wednesday, June 1 research note. TheStreet downgraded Ralph Lauren shares from a ‘b’ rating to a ‘c+’ rating in a Tuesday, May 24 research note. Finally, Citigroup downgraded Ralph Lauren shares from a “buy” rating to a “neutral” rating and lowered its target price for the company from $140.00 to $98.00 in a Monday 23 research note. may. One equity research analyst gave the stock a sell rating, six gave the company a hold rating and nine gave the company a buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “moderate buy” and a consensus target price of $121.29.
Profile Ralph Lauren
Ralph Lauren Corporation designs, markets and distributes lifestyle products in North America, Europe, Asia and internationally. The company offers clothing, including a range of clothing for men, women and children; footwear and accessories, which include casual shoes, dress shoes, boots, sneakers, sandals, glasses, watches, fashion and fine jewelry, scarves, hats, gloves and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods and belts; home products comprised of bed and bath lines, furniture, fabrics and wall coverings, lighting, table tops, kitchen linens, flooring and giftware; and perfumes.
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