Amalgamated Bank Sells 713 Shares of Ralph Lauren Co. (NYSE:RL)

Amalgamated Bank trimmed its position in Ralph Lauren Co. (NYSE:RL) by 4.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,222 shares of the textile maker’s stock after selling 713 shares during the period. Amalgamated Bank’s holdings in Ralph Lauren were worth $2,195,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. grew its holdings in Ralph Lauren by 99.2% during the third quarter. Financial Gravity Asset Management Inc. now owns 245 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 122 shares during the period. Spire Wealth Management increased its holdings in Ralph Lauren by 47.9% in the 3rd quarter. Spire Wealth Management now owns 315 shares of the textile maker’s stock worth $37,000 after acquiring an additional 102 shares during the last quarter. GAMMA Investing LLC bought a new stake in Ralph Lauren in the 4th quarter valued at about $45,000. Headlands Technologies LLC purchased a new stake in Ralph Lauren during the third quarter valued at about $46,000. Finally, Larson Financial Group LLC purchased a new stake in Ralph Lauren during the third quarter valued at about $87,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Raymond James upped their price target on shares of Ralph Lauren from $135.00 to $154.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. Telsey Advisory Group reiterated an “outperform” rating and set a $195.00 price objective (up from $165.00) on shares of Ralph Lauren in a research note on Thursday, February 8th. TD Cowen raised their target price on Ralph Lauren from $192.00 to $197.00 and gave the stock a “buy” rating in a research note on Thursday. UBS Group upped their price target on Ralph Lauren from $188.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Finally, Wells Fargo & Company raised their price objective on shares of Ralph Lauren from $160.00 to $185.00 and gave the company an “equal weight” rating in a research report on Monday, March 4th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Ralph Lauren has an average rating of “Moderate Buy” and an average target price of $163.08.

Ralph Lauren Price Performance

Shares of NYSE:RL opened at $167.15 on Monday. The company’s fifty day moving average price is $173.18 and its 200-day moving average price is $153.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.17 and a quick ratio of 1.54. The firm has a market capitalization of $10.69 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 0.97 and a beta of 1.55. Ralph Lauren Co. has a one year low of $103.17 and a one year high of $192.03.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, February 8th. The textile maker reported $4.17 earnings per share for the quarter, beating analysts’ consensus estimates of $3.53 by $0.64. Ralph Lauren had a return on equity of 25.88% and a net margin of 8.90%. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the business posted $3.35 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, equities research analysts anticipate that Ralph Lauren Co. will post 10.23 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were given a $0.75 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $3.00 dividend on an annualized basis and a yield of 1.79%. Ralph Lauren’s payout ratio is 34.01%.

Ralph Lauren Profile

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men's, women's, and children's clothing; footwear and accessories, which comprise 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 consisting of bed and bath lines, furniture, fabric and wallcoverings, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.