Ajo LP Raises Stock Holdings in Ralph Lauren Corp (NYSE:RL)

AJO LP lifted its holdings in shares of Ralph Lauren Corp (NYSE:RL) by 208.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 131,862 shares of the textile maker’s stock after purchasing an additional 89,130 shares during the quarter. AJO LP owned about 0.17% of Ralph Lauren worth $17,100,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in RL. Oregon Public Employees Retirement Fund raised its position in Ralph Lauren by 11,845.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,726,585 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 2,703,760 shares in the last quarter. Norges Bank acquired a new stake in Ralph Lauren in the 4th quarter valued at about $72,636,000. MERIAN GLOBAL INVESTORS UK Ltd raised its position in Ralph Lauren by 181.1% in the 4th quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 826,620 shares of the textile maker’s stock valued at $85,522,000 after purchasing an additional 532,519 shares in the last quarter. Highbridge Capital Management LLC raised its position in Ralph Lauren by 165.4% in the 4th quarter. Highbridge Capital Management LLC now owns 98,100 shares of the textile maker’s stock valued at $10,149,000 after purchasing an additional 248,100 shares in the last quarter. Finally, BlackRock Inc. raised its position in Ralph Lauren by 5.1% in the 4th quarter. BlackRock Inc. now owns 4,137,377 shares of the textile maker’s stock valued at $428,052,000 after purchasing an additional 200,314 shares in the last quarter. Institutional investors own 66.01% of the company’s stock.

Shares of RL stock traded up $0.49 during midday trading on Friday, hitting $113.59. The company had a trading volume of 895,099 shares, compared to its average volume of 1,029,885. The stock has a 50 day simple moving average of $112.72. Ralph Lauren Corp has a 52-week low of $95.63 and a 52-week high of $147.79. The firm has a market capitalization of $8.96 billion, a PE ratio of 15.80, a price-to-earnings-growth ratio of 1.46 and a beta of 0.85. 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 posted its quarterly earnings results on Tuesday, May 14th. The textile maker reported $1.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.14. Ralph Lauren had a return on equity of 17.38% and a net margin of 6.83%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the business earned $0.90 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. Analysts forecast that Ralph Lauren Corp will post 7.66 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be paid a $0.6875 dividend. The ex-dividend date is Thursday, June 27th. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.63. This represents a $2.75 dividend on an annualized basis and a dividend yield of 2.42%. Ralph Lauren’s payout ratio is 34.77%.

A number of equities research analysts have issued reports on RL shares. OTR Global raised Ralph Lauren to a “positive” rating in a research report on Friday, April 26th. Deutsche Bank cut their target price on Ralph Lauren from $160.00 to $154.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. TheStreet lowered Ralph Lauren from a “b” rating to a “c+” rating in a research report on Tuesday, May 14th. Telsey Advisory Group reissued an “outperform” rating and set a $155.00 target price on shares of Ralph Lauren in a research report on Wednesday, May 15th. Finally, JPMorgan Chase & Co. raised their target price on Ralph Lauren from $140.00 to $141.00 and gave the stock an “overweight” rating in a research report on Monday, March 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $136.40.

In other Ralph Lauren news, major shareholder Family L.L.C. Lauren sold 71,428 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $112.22, for a total transaction of $8,015,650.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 214,284 shares of company stock worth $23,600,525. Company insiders own 32.49% of the company’s stock.

Ralph Lauren Company 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.

See Also: 52-Week High/Low

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

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