Fifth Third Bancorp increased its stake in the shares of Ralph Lauren Co. (NYSE: RL – Get a rating) by 51.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The company held 1,286 shares of the textile maker after acquiring an additional 435 shares during the period. Fifth Third Bancorp’s holdings of Ralph Lauren were worth $146,000 when it last filed with the SEC.
Several other large investors have also recently changed their holdings in RL. UBS Asset Management Americas Inc. increased its holding in Ralph Lauren shares by 5.2% during the third quarter. UBS Asset Management Americas Inc. now owns 94,148 shares of the textile maker worth $10,454,000 after acquiring 4,618 additional shares during the period. Louisiana State Employees Retirement System increased its stake in Ralph Lauren by 3.3% in the fourth quarter. The Louisiana State Employees Retirement System now owns 3,100 shares of the textile maker valued at $368,000 after buying an additional 100 shares last quarter. YorkBridge Wealth Partners LLC acquired a new stake in Ralph Lauren in Q4 valued at $278,000. Sage Private Wealth Group LLC increased its stake in Ralph Lauren by 4.6% in the 4th quarter. Sage Private Wealth Group LLC now owns 4,497 shares of the textile maker valued at $534,000 after buying 199 additional shares in the last quarter. Finally, New York State Teachers Retirement System increased its stake in Ralph Lauren by 9.0% in the 4th quarter. The New York State Teachers’ Retirement System now owns 57,811 shares of the textile maker valued at $6,871,000 after buying an additional 4,770 shares last quarter. Institutional investors and hedge funds own 99.89% of the company’s shares.
Shares of Action RL opened at $93.20 on Friday. The company has a market capitalization of $6.53 billion, a price/earnings ratio of 11.62, a PEG ratio of 1.25 and a beta of 1.38. The company has a debt ratio of 0.58, a quick ratio of 1.44 and a current ratio of 1.87. The company has a 50-day simple moving average of $96.46 and a 200-day simple moving average of $108.96. Ralph Lauren Co. has a 52-week low of $86.54 and a 52-week high of $135.99.
Ralph Lauren (NYSE: RL – Get a rating) last announced its results on Tuesday, May 24. The textile maker reported EPS of $0.49 for the quarter, beating the consensus estimate of $0.36 by $0.13. The company posted revenue of $1.53 billion in the quarter, versus a consensus estimate of $1.46 billion. Ralph Lauren had a net margin of 9.65% and a return on equity of 23.00%. Ralph Lauren’s sales increased by 18.7% compared to the same quarter last year. In the same quarter a year earlier, the company posted EPS of $0.38. Sell-side analysts expect Ralph Lauren Co. to post an EPS of 8.33 for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 15. Shareholders of record on Friday, July 1 will receive a dividend of $0.75. The ex-date of this dividend is Thursday, June 30. This represents a dividend of $3.00 on an annualized basis and a yield of 3.22%. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.69. Ralph Lauren’s payout ratio is currently 37.41%.
RL has been the subject of several recent research reports. Citigroup downgraded shares of Ralph Lauren from a “buy” rating to a “neutral” rating and lowered its price target for the company from $140.00 to $98.00 in a Monday, May 23 research note . Cowen lowered his price target on Ralph Lauren shares from $171.00 to $151.00 and gave the stock an “outperform” rating in a Wednesday, June 1 research note. StockNews.com upgraded Ralph Lauren shares from a “hold” to a “buy” rating in a Sunday, June 19 research note. Credit Suisse Group lowered its price target on Ralph Lauren shares from $165.00 to $130.00 and set an “outperform” rating on the stock in a Wednesday May 18 research note. Finally, Cowen lowered his price target on Ralph Lauren shares from $171.00 to $151.00 in a Wednesday, June 1 research note. One equity research analyst has assigned the stock a sell rating, six have issued a hold rating and nine have assigned the stock a buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “moderate buy” and an average target price of $127.21.
Ralph Lauren Company Profile (Get a rating)
Ralph Lauren Corporation designs, markets and distributes lifestyle products in North America, Europe, Asia and internationally. The company offers clothing, including a range of clothing for men, women and children; footwear and accessories, which include casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods and belts; home products comprised of bed and bath lines, furniture, fabrics and wall coverings, lighting, table tops, kitchen linens, flooring and gift items; and perfumes.
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