Exxonmobil Investment Management Inc. TX cut its position in shares of Ralph Lauren Corp (NYSE:RL) by 12.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,808 shares of the textile maker’s stock after selling 1,305 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in Ralph Lauren were worth $913,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. State of Tennessee Treasury Department grew its position in Ralph Lauren by 109.3% during the 3rd quarter. State of Tennessee Treasury Department now owns 31,558 shares of the textile maker’s stock worth $2,786,000 after acquiring an additional 16,483 shares during the last quarter. American International Group Inc. grew its position in Ralph Lauren by 3.7% during the 3rd quarter. American International Group Inc. now owns 176,529 shares of the textile maker’s stock worth $15,586,000 after acquiring an additional 6,264 shares during the last quarter. Stifel Financial Corp bought a new position in Ralph Lauren during the 3rd quarter worth approximately $810,000. FMR LLC grew its position in Ralph Lauren by 2.9% during the 2nd quarter. FMR LLC now owns 364,123 shares of the textile maker’s stock worth $26,872,000 after acquiring an additional 10,180 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in Ralph Lauren by 973.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,410,657 shares of the textile maker’s stock worth $124,553,000 after acquiring an additional 1,279,221 shares during the last quarter. Hedge funds and other institutional investors own 66.89% of the company’s stock.
RL has been the topic of several recent research reports. Zacks Investment Research lowered Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Bank of America lowered Ralph Lauren from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $100.14 to $80.00 in a research report on Wednesday, December 13th. Needham & Company LLC restated a “hold” rating on shares of Ralph Lauren in a research report on Monday, October 16th. Royal Bank of Canada restated a “hold” rating and set a $88.00 price target on shares of Ralph Lauren in a research report on Thursday, October 5th. Finally, Citigroup increased their price objective on Ralph Lauren from $91.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Six investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $88.66.
In other news, insider Valerie Hermann sold 2,400 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $91.22, for a total value of $218,928.00. Following the completion of the transaction, the insider now owns 35,028 shares in the company, valued at approximately $3,195,254.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 32.93% of the company’s stock.
Ralph Lauren Corp (NYSE RL) opened at $109.82 on Friday. The company has a market capitalization of $8,930.00, a P/E ratio of 114.40, a PEG ratio of 2.13 and a beta of 0.65. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.09 and a quick ratio of 1.55. Ralph Lauren Corp has a one year low of $66.06 and a one year high of $110.93.
Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, November 2nd. The textile maker reported $1.99 EPS for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.09. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Ralph Lauren had a return on equity of 14.06% and a net margin of 1.29%. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.90 EPS. analysts expect that Ralph Lauren Corp will post 5.56 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Thursday, December 28th. Ralph Lauren’s payout ratio is presently 208.33%.
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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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