Westpac Banking Corp reduced its position in shares of Ralph Lauren Corp (NYSE:RL) by 25.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,802 shares of the textile maker’s stock after selling 17,600 shares during the quarter. Westpac Banking Corp owned 0.06% of Ralph Lauren worth $5,371,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in RL. Bank of New York Mellon Corp grew its holdings in shares of Ralph Lauren by 49.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,587,184 shares of the textile maker’s stock valued at $581,581,000 after acquiring an additional 2,186,269 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Ralph Lauren by 973.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,410,657 shares of the textile maker’s stock valued at $124,553,000 after acquiring an additional 1,279,221 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Ralph Lauren by 26.7% during the 2nd quarter. BlackRock Inc. now owns 5,809,542 shares of the textile maker’s stock valued at $428,744,000 after acquiring an additional 1,225,845 shares in the last quarter. Jupiter Asset Management Ltd. grew its holdings in shares of Ralph Lauren by 35.7% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,550,500 shares of the textile maker’s stock valued at $136,894,000 after acquiring an additional 408,000 shares in the last quarter. Finally, Ardevora Asset Management LLP purchased a new position in shares of Ralph Lauren during the 3rd quarter valued at $35,440,000. 66.59% of the stock is currently owned by institutional investors.
Shares of Ralph Lauren Corp (NYSE:RL) opened at $112.78 on Monday. The stock has a market cap of $9,166.19, a price-to-earnings ratio of 116.27, a P/E/G ratio of 2.28 and a beta of 0.65. Ralph Lauren Corp has a fifty-two week low of $66.06 and a fifty-two week high of $112.89. The company has a quick ratio of 1.55, a current ratio of 2.09 and a debt-to-equity ratio of 0.08.
Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, November 2nd. The textile maker reported $1.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.09. Ralph Lauren had a net margin of 1.29% and a return on equity of 14.06%. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the company posted $1.90 earnings per share. Ralph Lauren’s revenue for the quarter was down 8.6% on a year-over-year basis. analysts anticipate that Ralph Lauren Corp will post 5.61 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend was Thursday, December 28th. Ralph Lauren’s dividend payout ratio (DPR) is 206.19%.
In other Ralph Lauren news, insider Valerie Hermann sold 2,400 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $91.22, for a total transaction of $218,928.00. Following the completion of the sale, the insider now directly owns 35,028 shares in the company, valued at $3,195,254.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 32.93% of the stock is owned by corporate insiders.
Several equities analysts have recently commented on the stock. Zacks Investment Research cut shares of Ralph Lauren from a “hold” rating to a “sell” rating in a report on Monday, January 8th. ValuEngine upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Bank of America cut shares of Ralph Lauren from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $100.14 to $80.00 in a report on Wednesday, December 13th. Royal Bank of Canada restated a “hold” rating and set a $88.00 price target on shares of Ralph Lauren in a report on Thursday, October 5th. Finally, Cowen set a $97.00 price target on shares of Ralph Lauren and gave the company a “hold” rating in a report on Wednesday, November 1st. Six equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Ralph Lauren currently has a consensus rating of “Hold” and an average target price of $88.66.
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Ralph Lauren Profile
Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.
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