Quantitative Systematic Strategies LLC acquired a new position in Ralph Lauren Corp (NYSE:RL) in the fourth quarter, Holdings Channel reports. The fund acquired 6,513 shares of the textile maker’s stock, valued at approximately $675,000.
A number of other large investors have also modified their holdings of the stock. Mutual of America Capital Management LLC raised its stake in Ralph Lauren by 2.9% in the second quarter. Mutual of America Capital Management LLC now owns 18,875 shares of the textile maker’s stock worth $1,393,000 after buying an additional 532 shares in the last quarter. Sentry Investment Management LLC raised its stake in Ralph Lauren by 1.6% in the second quarter. Sentry Investment Management LLC now owns 37,912 shares of the textile maker’s stock worth $2,798,000 after buying an additional 594 shares in the last quarter. Hosking Partners LLP raised its stake in Ralph Lauren by 0.4% in the third quarter. Hosking Partners LLP now owns 174,778 shares of the textile maker’s stock worth $15,431,000 after buying an additional 617 shares in the last quarter. Pictet Asset Management Ltd. raised its stake in Ralph Lauren by 2.5% in the third quarter. Pictet Asset Management Ltd. now owns 28,862 shares of the textile maker’s stock worth $2,548,000 after buying an additional 700 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in Ralph Lauren by 3.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 22,700 shares of the textile maker’s stock worth $2,013,000 after buying an additional 800 shares in the last quarter. 66.45% of the stock is owned by institutional investors.
A number of brokerages recently commented on RL. Royal Bank of Canada reissued a “hold” rating and issued a $113.00 price objective on shares of Ralph Lauren in a research note on Friday. ValuEngine raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Friday. Nomura lifted their price target on shares of Ralph Lauren from $92.00 to $111.00 and gave the stock a “neutral” rating in a report on Friday. Bank of America lifted their price target on shares of Ralph Lauren from $80.00 to $95.00 and gave the stock an “underperform” rating in a report on Friday. Finally, Piper Jaffray Companies set a $109.00 price target on shares of Ralph Lauren and gave the stock a “sell” rating in a report on Tuesday, January 30th. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $95.94.
Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, February 1st. The textile maker reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.16. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. Ralph Lauren had a negative net margin of 1.33% and a positive return on equity of 14.64%. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.86 earnings per share. analysts predict that Ralph Lauren Corp will post 5.8 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Thursday, December 28th. Ralph Lauren’s dividend payout ratio (DPR) is presently -198.02%.
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Ralph Lauren Profile
Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.
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