Ralph Lauren Corp (NYSE:RL) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN lowered its stake in Ralph Lauren Corp (NYSE:RL) by 7.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 291,450 shares of the textile maker’s stock after selling 22,536 shares during the quarter. Wells Fargo & Company MN’s holdings in Ralph Lauren were worth $37,795,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Nuveen Asset Management LLC lifted its holdings in Ralph Lauren by 1.5% in the 4th quarter. Nuveen Asset Management LLC now owns 5,572 shares of the textile maker’s stock valued at $576,000 after acquiring an additional 85 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in Ralph Lauren by 44.4% in 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 last quarter. Piedmont Investment Advisors Inc. lifted its holdings in Ralph Lauren by 0.5% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 18,938 shares of the textile maker’s stock valued at $2,456,000 after acquiring an additional 101 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Ralph Lauren by 3.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,083 shares of the textile maker’s stock valued at $400,000 after acquiring an additional 107 shares during the last quarter. Finally, ETF Managers Group LLC lifted its holdings in Ralph Lauren by 9.3% in the 1st quarter. ETF Managers Group LLC now owns 1,293 shares of the textile maker’s stock valued at $168,000 after acquiring an additional 110 shares during the last quarter. 66.17% of the stock is owned by institutional investors and hedge funds.

In other news, major shareholder Family L.L.C. Lauren sold 71,428 shares of the company’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $105.23, for a total value of $7,516,368.44. The sale was disclosed in a filing with the SEC, which is accessible through this link. 32.49% of the stock is owned by corporate insiders.

Several research firms have issued reports on RL. Nomura cut their price objective on Ralph Lauren from $129.00 to $123.00 and set a “neutral” rating on the stock in a report on Wednesday, May 15th. Telsey Advisory Group restated an “outperform” rating and set a $155.00 price objective on shares of Ralph Lauren in a report on Wednesday, May 15th. OTR Global upgraded Ralph Lauren to a “positive” rating in a report on Friday, April 26th. Wells Fargo & Co upgraded Ralph Lauren from a “market perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a report on Wednesday, March 27th. Finally, UBS Group boosted their price objective on Ralph Lauren from $127.00 to $136.00 and gave the stock a “neutral” rating in a report on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $136.06.

Shares of RL opened at $112.67 on Thursday. The stock has a market capitalization of $8.89 billion, a PE ratio of 15.67, a price-to-earnings-growth ratio of 1.44 and a beta of 0.85. Ralph Lauren Corp has a fifty-two week low of $95.63 and a fifty-two week high of $147.79. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.31 and a current ratio of 3.00.

Ralph Lauren (NYSE:RL) last issued its earnings results on Tuesday, May 14th. The textile maker reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.14. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. Ralph Lauren had a return on equity of 17.38% and a net margin of 6.83%. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.90 EPS. On average, sell-side analysts expect that Ralph Lauren Corp will post 7.66 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a $0.6875 dividend. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 2.44%. Ralph Lauren’s dividend payout ratio is currently 34.77%.

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Ralph Lauren Profile

Ralph Lauren Corp. engages in the design, marketing and distribution of premium lifestyle products. The firm offers apparel, accessories, home furnishings, and other licensed product. It operates through the following segments: North America, Europe, and Asia. The North America segment consists of sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company’s wholesale and retail businesses in the U.S.

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Institutional Ownership by Quarter for Ralph Lauren (NYSE:RL)

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