Cwm LLC increases its position in Ralph Lauren Co. (NYSE:RL)



Cwm LLC increased its stake in Ralph Lauren Co. (NYSE: RLGet a rating) by 127.7% in the first quarter, according to the company in its latest 13F filing with the Securities & Exchange Commission. The company held 230 shares of the textile maker’s stock after buying an additional 129 shares during the quarter. Cwm LLC’s holdings in Ralph Lauren were worth $26,000 when it last filed with the Securities & Exchange Commission.

Other large investors have also recently increased or reduced their stake in the company. State Street Corp increased its stake in Ralph Lauren by 3.5% in the fourth quarter. State Street Corp now owns 2,051,705 shares of the textile maker worth $245,224,000 after acquiring 69,928 additional shares in the last quarter. HS Management Partners LLC increased its stake in Ralph Lauren by 29.4% in the fourth quarter. HS Management Partners LLC now owns 2,017,309 shares of the textile maker worth $239,777,000 after acquiring an additional 457,934 shares in the last quarter. Geode Capital Management LLC increased its stake in Ralph Lauren by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 919,539 shares of the textile maker worth $109,128,000 after acquiring an additional 63,409 shares in the last quarter. Rockefeller Capital Management LP increased its holdings in Ralph Lauren by 5.5% in the fourth quarter. Rockefeller Capital Management LP now owns 731,580 shares of the textile maker worth $86,897,000 after acquiring 38,059 additional shares in the last quarter. Finally, Pictet Asset Management SA increased its stake in Ralph Lauren by 104.1% in the 4th quarter. Pictet Asset Management SA now owns 621,815 shares of the textile maker worth $73,909,000 after acquiring an additional 317,220 shares in the last quarter. Hedge funds and other institutional investors own 99.89% of the company’s shares.

Analysts set new price targets

RL has been the subject of a number of recent analyst reports. Credit Suisse Group cut 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 report. TheStreet downgraded Ralph Lauren shares from a ‘b’ rating to a ‘c+’ rating in a Tuesday, May 24 research note. Barclays cut its price target on Ralph Lauren shares from $117.00 to $99.00 and set an “equal weight” rating on the stock in a Wednesday May 25 research note. Citigroup downgraded shares of Ralph Lauren from a “buy” rating to a “neutral” rating and reduced its target price for the company from $140.00 to $98.00 in a Monday, May 23 research note. Finally, Deutsche Bank Aktiengesellschaft cut its price target on Ralph Lauren shares from $116.00 to $101.00 in a Wednesday, May 25 research note. One equity research analyst gave the stock a sell rating, six gave the company a hold rating and nine gave the company a buy rating. According to MarketBeat.com, Ralph Lauren currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.21.

Ralph Lauren stock up 0.5%

Shares of Action Ralph Lauren opened at $93.01 on Monday. 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 $95.38 and a two-hundred-day simple moving average of $108.11. Ralph Lauren Co. has a 52-week low of $86.54 and a 52-week high of $135.99. The stock has a market capitalization of $6.52 billion, a PE ratio of 11.60, a growth price-earnings ratio of 1.25 and a beta of 1.38.

Ralph Lauren (NYSE: RLGet a rating) last announced its results on Tuesday, May 24. The textile maker reported earnings per share (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 analyst estimates of $1.46 billion. Ralph Lauren had a net margin of 9.65% and a return on equity of 23.00%. The company’s quarterly revenue increased by 18.7% compared to the same quarter last year. In the same period a year earlier, the company posted earnings per share of $0.38. On average, analysts expect Ralph Lauren Co. to post an EPS of 8.33 for the current fiscal year.

Ralph Lauren increases its dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 15. Shareholders of record on Friday, July 1 received a dividend of $0.75. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.69. This represents a dividend of $3.00 on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Thursday, June 30. Ralph Lauren’s dividend payout ratio is currently 37.41%.

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, glasses, 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 giftware; and perfumes.

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Institutional ownership by quarter for Ralph Lauren (NYSE:RL)



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