Securian Asset Management Inc. Sells 316 Shares of Ralph Lauren Co. (NYSE:RL)

Securian Asset Management Inc. trimmed its stake in Ralph Lauren Co. (NYSE:RL) by 11.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,459 shares of the textile maker’s stock after selling 316 shares during the period. Securian Asset Management Inc.’s holdings in Ralph Lauren were worth $355,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RL. Daiwa Securities Group Inc. boosted its holdings in Ralph Lauren by 197.8% during the third quarter. Daiwa Securities Group Inc. now owns 4,953 shares of the textile maker’s stock valued at $575,000 after acquiring an additional 3,290 shares during the period. California Public Employees Retirement System boosted its stake in Ralph Lauren by 1.9% during the 3rd quarter. California Public Employees Retirement System now owns 80,384 shares of the textile maker’s stock valued at $9,332,000 after purchasing an additional 1,477 shares during the period. Larson Financial Group LLC acquired a new stake in Ralph Lauren in the 3rd quarter valued at approximately $87,000. Nomura Asset Management Co. Ltd. increased its position in Ralph Lauren by 34.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 33,867 shares of the textile maker’s stock worth $3,932,000 after buying an additional 8,647 shares during the period. Finally, Harvest Fund Management Co. Ltd lifted its holdings in shares of Ralph Lauren by 97.8% during the third quarter. Harvest Fund Management Co. Ltd now owns 890 shares of the textile maker’s stock worth $103,000 after buying an additional 440 shares during the last quarter. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Ralph Lauren Stock Performance

RL stock opened at $169.57 on Friday. The company has a 50 day moving average price of $170.86 and a 200 day moving average price of $156.10. Ralph Lauren Co. has a fifty-two week low of $103.17 and a fifty-two week high of $192.03. 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 stock has a market capitalization of $10.84 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 0.95 and a beta of 1.55.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, May 23rd. The textile maker reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.57 billion. Ralph Lauren had a return on equity of 25.88% and a net margin of 8.90%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.90 earnings per share. Analysts forecast that Ralph Lauren Co. will post 10.25 EPS for the current year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Wednesday, March 27th. Ralph Lauren’s dividend payout ratio (DPR) is presently 34.01%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on RL shares. Telsey Advisory Group restated an “outperform” rating and issued a $195.00 price objective on shares of Ralph Lauren in a research note on Thursday. UBS Group raised their price target on shares of Ralph Lauren from $244.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Wells Fargo & Company upped 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. TD Cowen lifted their target price on Ralph Lauren from $192.00 to $197.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Finally, Jefferies Financial Group initiated coverage on shares of Ralph Lauren in a report on Tuesday, April 30th. They issued a “buy” rating and a $195.00 price target on the stock. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.08.

About Ralph Lauren

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.