State of Alaska Department of Revenue trimmed its position in shares of Ralph Lauren Corp (NYSE:RL) by 6.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,711 shares of the textile maker’s stock after selling 830 shares during the quarter. State of Alaska Department of Revenue’s holdings in Ralph Lauren were worth $1,518,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of RL. QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in shares of Ralph Lauren in the fourth quarter worth about $228,000. MERIAN GLOBAL INVESTORS UK Ltd boosted its position in shares of Ralph Lauren by 181.1% in the fourth quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 826,620 shares of the textile maker’s stock worth $85,522,000 after buying an additional 532,519 shares during the period. Municipal Employees Retirement System of Michigan purchased a new position in Ralph Lauren in the fourth quarter valued at about $461,000. Empowered Funds LLC purchased a new position in Ralph Lauren in the fourth quarter valued at about $1,129,000. Finally, Scout Investments Inc. boosted its holdings in Ralph Lauren by 8.8% in the fourth quarter. Scout Investments Inc. now owns 134,824 shares of the textile maker’s stock valued at $13,949,000 after purchasing an additional 10,925 shares during the last quarter. Institutional investors own 65.79% of the company’s stock.
In related news, insider Valerie Hermann sold 10,400 shares of the business’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 value of $1,311,960.00. Following the completion of the transaction, the insider now owns 38,340 shares in the company, valued at approximately $4,836,591. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 completion of 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. Insiders own 32.49% of the company’s stock.
Shares of NYSE:RL traded down $1.41 during midday trading on Friday, hitting $124.27. The company’s stock had a trading volume of 1,067,446 shares, compared to its average volume of 786,064. The company has a market cap of $9.77 billion, a P/E ratio of 20.61, a P/E/G ratio of 1.60 and a beta of 0.69. Ralph Lauren Corp has a fifty-two week low of $95.63 and a fifty-two week high of $147.79. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.18 and a current ratio of 2.90.
Ralph Lauren (NYSE:RL) last released its earnings results on Tuesday, February 5th. The textile maker reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.17. The business 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% compared to the same quarter last year. During the same period last year, the business earned $2.03 earnings per share. As a group, equities analysts predict that Ralph Lauren Corp will post 7.04 EPS for the current year.
The company also recently announced 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 2.01%. The ex-dividend date was Thursday, March 28th. Ralph Lauren’s dividend payout ratio (DPR) is currently 41.46%.
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Ralph Lauren 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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