River & Mercantile Asset Management LLP boosted its position in Ralph Lauren Corp (NYSE:RL) by 118.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,455 shares of the textile maker’s stock after purchasing an additional 37,729 shares during the period. River & Mercantile Asset Management LLP’s holdings in Ralph Lauren were worth $7,186,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in the stock. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Ralph Lauren during the 4th quarter valued at approximately $26,000. Oregon Public Employees Retirement Fund lifted its position in shares of Ralph Lauren by 11,845.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,726,585 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 2,703,760 shares during the period. Bronfman E.L. Rothschild L.P. lifted its position in shares of Ralph Lauren by 44.4% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 299 shares of the textile maker’s stock valued at $31,000 after acquiring an additional 92 shares during the period. CSat Investment Advisory L.P. lifted its position in shares of Ralph Lauren by 97.3% during the 4th quarter. CSat Investment Advisory L.P. now owns 436 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 215 shares during the period. Finally, Quantamental Technologies LLC acquired a new stake in shares of Ralph Lauren during the 4th quarter valued at approximately $59,000. Hedge funds and other institutional investors own 66.57% of the company’s stock.
RL has been the subject of a number of research reports. Needham & Company LLC upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a research report on Thursday, January 10th. Buckingham Research upgraded shares of Ralph Lauren from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 9th. Zacks Investment Research upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $139.00 price target for the company in a research report on Thursday, February 7th. Barclays upgraded shares of Ralph Lauren from an “underweight” rating to an “equal weight” rating in a research report on Friday, January 11th. Finally, Wells Fargo & Co set a $130.00 price objective on shares of Ralph Lauren and gave the stock a “hold” rating in a research note on Tuesday, February 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $134.82.
Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Tuesday, February 5th. The textile maker reported $2.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.15 by $0.17. Ralph Lauren had a net margin of 6.95% and a return on equity of 16.85%. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same period last year, the company posted $2.03 EPS. The company’s revenue was up 5.1% on a year-over-year basis. On average, equities analysts expect that Ralph Lauren Corp will post 7.03 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 29th will be paid a $0.625 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $2.50 annualized dividend and a yield of 2.06%. Ralph Lauren’s payout ratio is currently 41.46%.
In other Ralph Lauren news, insider Valerie Hermann sold 10,400 shares of Ralph Lauren stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $126.15, for a total value 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 approximately $4,836,591. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joyce F. Brown sold 2,000 shares of Ralph Lauren stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $126.00, for a total transaction 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 $917,028. The disclosure for this sale can be found here. 32.49% of the stock is currently owned by insiders.
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Ralph Lauren Company 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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