MetLife Investment Advisors LLC Sells 470 Shares of Ralph Lauren Corp (NYSE:RL)

MetLife Investment Advisors LLC lessened its holdings in shares of Ralph Lauren Corp (NYSE:RL) by 2.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,602 shares of the textile maker’s stock after selling 470 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Ralph Lauren were worth $1,614,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of RL. Bank of New York Mellon Corp grew its position in shares of Ralph Lauren by 654,966.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,668,372 shares of the textile maker’s stock worth $504,586,000 after acquiring an additional 3,667,812 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Ralph Lauren by 11,845.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,726,585 shares of the textile maker’s stock worth $26,000 after acquiring an additional 2,703,760 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Ralph Lauren by 89.9% in the 3rd quarter. AQR Capital Management LLC now owns 1,994,405 shares of the textile maker’s stock worth $274,330,000 after acquiring an additional 944,121 shares in the last quarter. FMR LLC grew its position in shares of Ralph Lauren by 84.6% in the 3rd quarter. FMR LLC now owns 1,257,318 shares of the textile maker’s stock worth $172,944,000 after acquiring an additional 576,355 shares in the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd grew its position in shares of Ralph Lauren by 181.1% in the 4th quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 826,620 shares of the textile maker’s stock worth $85,522,000 after acquiring an additional 532,519 shares in the last quarter. Hedge funds and other institutional investors own 66.71% of the company’s stock.

In other news, Director Joyce F. Brown sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $126.00, for a total value of $252,000.00. Following the sale, the director now owns 7,278 shares of the company’s stock, valued at approximately $917,028. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Valerie Hermann sold 10,400 shares of the business’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $126.15, for a total value of $1,311,960.00. Following the completion of the sale, the insider now directly owns 38,340 shares in the company, valued at approximately $4,836,591. The disclosure for this sale can be found here. 32.49% of the stock is owned by insiders.

Ralph Lauren stock traded down $0.04 during mid-day trading on Wednesday, hitting $132.03. 705,456 shares of the company’s stock traded hands, compared to its average volume of 981,994. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.90 and a quick ratio of 2.18. The company has a market capitalization of $10.31 billion, a P/E ratio of 21.90, a PEG ratio of 1.67 and a beta of 0.69. Ralph Lauren Corp has a one year low of $95.63 and a one year high of $147.79.

Ralph Lauren (NYSE:RL) last announced its earnings results on Tuesday, February 5th. The textile maker reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.17. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.66 billion. Ralph Lauren had a return on equity of 16.85% and a net margin of 6.95%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.03 EPS. On average, research analysts expect that Ralph Lauren Corp will post 7.04 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 1.89%. The ex-dividend date was Thursday, March 28th. Ralph Lauren’s payout ratio is currently 41.46%.

Several analysts recently issued reports on the company. Needham & Company LLC raised Ralph Lauren from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a report on Thursday, January 10th. Buckingham Research raised Ralph Lauren from a “neutral” rating to a “buy” rating in a report on Wednesday, January 9th. Zacks Investment Research raised Ralph Lauren from a “hold” rating to a “buy” rating and set a $139.00 price target on the stock in a report on Thursday, February 7th. Barclays raised Ralph Lauren from an “underweight” rating to an “equal weight” rating in a report on Friday, January 11th. Finally, Wells Fargo & Co set a $130.00 price target on Ralph Lauren and gave the stock a “hold” rating in a report on Tuesday, February 5th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $136.00.

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Ralph Lauren Company Profile

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. It offers apparel, including a range of men's, women's, and children's clothing accessories, which comprise footwear, eyewear, watches, fashion and fine jewelry, hats, gloves, umbrellas, belts, and leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, tabletops, floorcoverings, and giftware; and fragrances.

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Institutional Ownership by Quarter for Ralph Lauren (NYSE:RL)

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