Alpha Windward LLC decreased its stake in Ralph Lauren Corp (NYSE:RL) by 8.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,914 shares of the textile maker’s stock after selling 360 shares during the period. Alpha Windward LLC’s holdings in Ralph Lauren were worth $508,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Ralph Lauren in the 4th quarter worth $26,000. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Ralph Lauren by 44.4% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 299 shares of the textile maker’s stock worth $31,000 after buying an additional 92 shares during the last quarter. Liberty Wealth Management LLC bought a new position in shares of Ralph Lauren in the 4th quarter worth $33,000. CSat Investment Advisory L.P. increased its holdings in shares of Ralph Lauren by 97.3% in the 4th quarter. CSat Investment Advisory L.P. now owns 436 shares of the textile maker’s stock worth $45,000 after buying an additional 215 shares during the last quarter. Finally, Quantamental Technologies LLC bought a new position in shares of Ralph Lauren in the 4th quarter worth $59,000. 66.71% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Joyce F. Brown sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $126.00, for a total value of $252,000.00. Following the completion of the sale, the director now directly owns 7,278 shares of the company’s stock, valued at approximately $917,028. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Valerie Hermann sold 10,400 shares of the firm’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $126.15, for a total transaction of $1,311,960.00. Following the completion of the sale, the insider now directly owns 38,340 shares of the company’s stock, valued at $4,836,591. The disclosure for this sale can be found here. 32.49% of the stock is owned by company insiders.
Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Tuesday, February 5th. The textile maker reported $2.32 earnings per share (EPS) 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 analyst estimates of $1.66 billion. Ralph Lauren had a net margin of 6.95% and a return on equity of 16.85%. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.03 EPS. As a group, sell-side analysts expect that Ralph Lauren Corp will post 7.04 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Thursday, March 28th. Ralph Lauren’s dividend payout ratio (DPR) is presently 41.46%.
Several equities analysts recently commented on RL shares. Zacks Investment Research raised shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $139.00 target price on the stock in a report on Thursday, February 7th. Needham & Company LLC increased their target price on shares of Ralph Lauren from $122.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, February 6th. Wells Fargo & Co set a $130.00 target price on shares of Ralph Lauren and gave the company a “hold” rating in a report on Tuesday, February 5th. JPMorgan Chase & Co. increased their target price on shares of Ralph Lauren from $140.00 to $141.00 and gave the company an “overweight” rating in a report on Monday, March 18th. Finally, Citigroup reaffirmed a “neutral” rating and set a $131.00 target price on shares of Ralph Lauren in a report on Monday, March 18th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. Ralph Lauren currently has an average rating of “Hold” and an average target price of $136.00.
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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