Ralph Lauren Corporation $RL Position Lowered by Danske Bank A S

Danske Bank A S decreased its stake in shares of Ralph Lauren Corporation (NYSE:RL) by 14.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 31,258 shares of the textile maker’s stock after selling 5,117 shares during the quarter. Danske Bank A S’s holdings in Ralph Lauren were worth $11,053,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of RL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Ralph Lauren by 5.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,432 shares of the textile maker’s stock worth $758,000 after purchasing an additional 174 shares during the last quarter. Empowered Funds LLC lifted its holdings in Ralph Lauren by 0.9% in the first quarter. Empowered Funds LLC now owns 12,334 shares of the textile maker’s stock worth $2,723,000 after acquiring an additional 114 shares during the last quarter. Woodline Partners LP lifted its holdings in Ralph Lauren by 39.5% in the first quarter. Woodline Partners LP now owns 3,369 shares of the textile maker’s stock worth $744,000 after acquiring an additional 954 shares during the last quarter. Focus Partners Wealth lifted its holdings in Ralph Lauren by 29.5% in the first quarter. Focus Partners Wealth now owns 3,812 shares of the textile maker’s stock worth $841,000 after acquiring an additional 869 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new position in Ralph Lauren in the second quarter worth about $386,000. Institutional investors own 67.91% of the company’s stock.

Wall Street Analysts Forecast Growth

RL has been the topic of a number of recent research reports. BTIG Research raised their target price on shares of Ralph Lauren from $400.00 to $435.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Evercore set a $420.00 target price on shares of Ralph Lauren and gave the stock an “outperform” rating in a report on Friday, February 6th. Citigroup raised shares of Ralph Lauren from a “neutral” rating to a “buy” rating and raised their target price for the stock from $360.00 to $400.00 in a report on Tuesday, March 24th. Jefferies Financial Group cut their target price on shares of Ralph Lauren from $425.00 to $410.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Finally, UBS Group reissued a “buy” rating on shares of Ralph Lauren in a report on Tuesday, March 3rd. Sixteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Ralph Lauren presently has a consensus rating of “Moderate Buy” and an average price target of $399.19.

Ralph Lauren Stock Performance

RL opened at $354.50 on Tuesday. The business’s 50 day moving average is $357.85 and its 200-day moving average is $353.79. The stock has a market cap of $21.46 billion, a PE ratio of 24.13, a price-to-earnings-growth ratio of 1.27 and a beta of 1.37. The company has a current ratio of 2.10, a quick ratio of 1.52 and a debt-to-equity ratio of 0.50. Ralph Lauren Corporation has a twelve month low of $230.63 and a twelve month high of $393.41.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, February 5th. The textile maker reported $6.22 earnings per share for the quarter, beating analysts’ consensus estimates of $5.80 by $0.42. The company had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Ralph Lauren had a return on equity of 37.97% and a net margin of 11.73%.The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.82 earnings per share. On average, analysts predict that Ralph Lauren Corporation will post 16.25 earnings per share for the current year.

Ralph Lauren Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were issued a dividend of $0.9125 per share. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, March 27th. Ralph Lauren’s payout ratio is 24.85%.

Insider Buying and Selling at Ralph Lauren

In other news, CEO Patrice Louvet sold 47,000 shares of Ralph Lauren stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $354.22, for a total transaction of $16,648,340.00. Following the sale, the chief executive officer owned 85,552 shares of the company’s stock, valued at approximately $30,304,229.44. The trade was a 35.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 38.34% of the company’s stock.

Ralph Lauren Company Profile

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.