Candriam Luxembourg S.C.A. raised its holdings in Ralph Lauren Corp (NYSE:RL) by 643.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 31,130 shares of the textile maker’s stock after acquiring an additional 26,943 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Ralph Lauren were worth $4,037,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of RL. Robeco Institutional Asset Management B.V. boosted its holdings in Ralph Lauren by 14.3% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 516,600 shares of the textile maker’s stock worth $66,992,000 after acquiring an additional 64,612 shares during the period. Park Avenue Securities LLC acquired a new position in shares of Ralph Lauren in the 1st quarter valued at approximately $330,000. HL Financial Services LLC acquired a new position in shares of Ralph Lauren in the 1st quarter valued at approximately $3,891,000. Menta Capital LLC raised its position in shares of Ralph Lauren by 122.0% in the 1st quarter. Menta Capital LLC now owns 4,368 shares of the textile maker’s stock valued at $566,000 after purchasing an additional 2,400 shares in the last quarter. Finally, Quantamental Technologies LLC raised its position in shares of Ralph Lauren by 403.4% in the 1st quarter. Quantamental Technologies LLC now owns 2,854 shares of the textile maker’s stock valued at $370,000 after purchasing an additional 2,287 shares in the last quarter. Institutional investors own 65.79% of the company’s stock.
In other Ralph Lauren news, Director Joyce F. Brown sold 2,000 shares of the 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 directly owns 7,278 shares of the company’s stock, valued at $917,028. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Valerie Hermann sold 10,400 shares of the 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 $4,836,591. The disclosure for this sale can be found here. Corporate insiders own 32.49% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Thursday, March 28th. Ralph Lauren’s dividend payout ratio is currently 41.46%.
A number of equities analysts have issued reports on RL shares. Telsey Advisory Group raised Ralph Lauren from a “market perform” rating to an “outperform” rating and set a $155.00 target price on the stock in a research report on Thursday, January 31st. OTR Global raised Ralph Lauren to a “positive” rating in a research report on Friday, April 26th. Needham & Company LLC upped their target price on Ralph Lauren from $122.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, February 6th. Wells Fargo & Co set a $130.00 target price on Ralph Lauren and gave the company a “hold” rating in a research report on Tuesday, February 5th. Finally, JPMorgan Chase & Co. upped their target price on Ralph Lauren from $140.00 to $141.00 and gave the company an “overweight” rating in a research report on Monday, March 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. Ralph Lauren has an average rating of “Buy” and an average target price of $137.82.
About Ralph Lauren
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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