Los Angeles Capital Management LLC Has $23.73 Million Holdings in Ralph Lauren Co. (NYSE:RL)

Los Angeles Capital Management LLC decreased its holdings in shares of Ralph Lauren Co. (NYSE:RL) by 61.8% in the 3rd quarter, Holdings Channel reports. The fund owned 122,376 shares of the textile maker’s stock after selling 198,028 shares during the period. Los Angeles Capital Management LLC’s holdings in Ralph Lauren were worth $23,725,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Crossmark Global Holdings Inc. boosted its position in Ralph Lauren by 18.9% in the third quarter. Crossmark Global Holdings Inc. now owns 22,395 shares of the textile maker’s stock valued at $4,341,000 after buying an additional 3,562 shares in the last quarter. Atria Investments Inc raised its position in Ralph Lauren by 55.8% in the third quarter. Atria Investments Inc now owns 1,922 shares of the textile maker’s stock valued at $373,000 after purchasing an additional 688 shares during the last quarter. CWA Asset Management Group LLC bought a new position in Ralph Lauren in the third quarter valued at about $1,751,000. Capital Performance Advisors LLP bought a new stake in shares of Ralph Lauren during the third quarter worth about $122,000. Finally, Summit Global Investments increased its stake in shares of Ralph Lauren by 346.0% in the third quarter. Summit Global Investments now owns 6,396 shares of the textile maker’s stock valued at $1,240,000 after buying an additional 4,962 shares during the period. Institutional investors own 67.91% of the company’s stock.

Analyst Upgrades and Downgrades

RL has been the subject of several recent research reports. StockNews.com upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Friday. Telsey Advisory Group restated an “outperform” rating and issued a $207.00 price objective on shares of Ralph Lauren in a report on Thursday. Wells Fargo & Company raised their target price on Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Cfra set a $171.00 price target on Ralph Lauren in a research report on Thursday, October 17th. Finally, UBS Group raised their price objective on Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $223.90.

Ralph Lauren Stock Up 0.4 %

RL stock opened at $222.58 on Monday. The stock’s 50 day simple moving average is $192.92 and its 200 day simple moving average is $179.41. The company has a market cap of $13.79 billion, a P/E ratio of 21.22, a price-to-earnings-growth ratio of 1.76 and a beta of 1.49. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.53 and a current ratio of 1.72. Ralph Lauren Co. has a fifty-two week low of $113.92 and a fifty-two week high of $237.16.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. Ralph Lauren’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.10 earnings per share. On average, research analysts expect that Ralph Lauren Co. will post 11.59 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.48%. Ralph Lauren’s dividend payout ratio (DPR) is currently 31.46%.

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, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.