Liberty Wealth Management LLC acquired a new position in Ralph Lauren Corp (NYSE:RL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 321 shares of the textile maker’s stock, valued at approximately $33,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in Ralph Lauren by 56.1% in the 4th quarter. American Century Companies Inc. now owns 436,815 shares of the textile maker’s stock worth $45,193,000 after buying an additional 156,898 shares during the period. Norges Bank purchased a new stake in shares of Ralph Lauren during the 4th quarter valued at about $72,636,000. Teacher Retirement System of Texas raised its position in shares of Ralph Lauren by 144.0% during the 4th quarter. Teacher Retirement System of Texas now owns 100,675 shares of the textile maker’s stock valued at $10,416,000 after buying an additional 59,421 shares in the last quarter. APG Asset Management N.V. raised its position in Ralph Lauren by 19.3% in the 4th quarter. APG Asset Management N.V. now owns 790,328 shares of the textile maker’s stock worth $71,528,000 after purchasing an additional 128,000 shares during the period. Finally, HRT Financial LLC purchased a new stake in Ralph Lauren in the 4th quarter worth about $310,000. Hedge funds and other institutional investors own 66.87% of the company’s stock.
In related news, insider Valerie Hermann sold 10,400 shares of the company’s stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $126.15, for a total transaction of $1,311,960.00. Following the sale, the insider now directly owns 38,340 shares of the company’s stock, valued at approximately $4,836,591. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Joyce F. Brown sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $126.00, for a total transaction of $252,000.00. Following the transaction, the director now owns 7,278 shares of the company’s stock, valued at approximately $917,028. The disclosure for this sale can be found here. 32.49% of the stock is currently owned by insiders.
Ralph Lauren (NYSE:RL) last issued its earnings results on Tuesday, February 5th. The textile maker reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.17. Ralph Lauren had a net margin of 6.95% and a return on equity of 16.85%. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the firm earned $2.03 earnings per share. Ralph Lauren’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, analysts predict that Ralph Lauren Corp will post 7.04 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Thursday, March 28th. Ralph Lauren’s dividend payout ratio (DPR) is 41.46%.
A number of brokerages have commented on RL. Buckingham Research upgraded shares of Ralph Lauren from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 9th. UBS Group upgraded shares of Ralph Lauren from a “sell” rating to a “neutral” rating in a research note on Monday, January 7th. Needham & Company LLC upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a research note on Thursday, January 10th. Wells Fargo & Co set a $130.00 target price on shares of Ralph Lauren and gave the company a “hold” rating in a research note on Tuesday, February 5th. Finally, Telsey Advisory Group upgraded shares of Ralph Lauren from a “market perform” rating to an “outperform” rating and set a $155.00 target price for the company in a research note on Thursday, January 31st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the stock. The company presently 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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