Vanguard Personalized Indexing Management LLC Has $344,000 Stock Holdings in Ralph Lauren Co. (NYSE:RL)

Vanguard Personalized Indexing Management LLC trimmed its holdings in Ralph Lauren Co. (NYSE:RL) by 66.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,382 shares of the textile maker’s stock after selling 4,665 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Ralph Lauren were worth $344,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in RL. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Ralph Lauren by 13.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 21,312 shares of the textile maker’s stock valued at $3,039,000 after buying an additional 2,590 shares during the last quarter. Keystone Investors PTE Ltd. bought a new position in Ralph Lauren during the 4th quarter valued at $1,616,000. Boston Partners boosted its holdings in Ralph Lauren by 67.2% during the 4th quarter. Boston Partners now owns 1,214,000 shares of the textile maker’s stock worth $175,001,000 after acquiring an additional 487,882 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Ralph Lauren by 0.8% in the 4th quarter. Principal Financial Group Inc. now owns 66,083 shares of the textile maker’s stock worth $9,529,000 after acquiring an additional 528 shares in the last quarter. Finally, AlphaStar Capital Management LLC raised its holdings in shares of Ralph Lauren by 19.4% in the fourth quarter. AlphaStar Capital Management LLC now owns 4,292 shares of the textile maker’s stock valued at $619,000 after purchasing an additional 696 shares during the last quarter. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Ralph Lauren Price Performance

RL opened at $173.45 on Monday. The firm has a 50-day moving average price of $170.70 and a 200-day moving average price of $157.10. Ralph Lauren Co. has a twelve month low of $103.17 and a twelve month high of $192.03. The company has a quick ratio of 1.68, a current ratio of 2.29 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $11.09 billion, a price-to-earnings ratio of 17.84, a PEG ratio of 1.41 and a beta of 1.55.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, May 23rd. The textile maker reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.06. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.57 billion. Ralph Lauren had a net margin of 9.75% and a return on equity of 27.90%. Ralph Lauren’s revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.90 EPS. Equities analysts expect that Ralph Lauren Co. will post 11.1 EPS for the current year.

Ralph Lauren Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a dividend of $0.825 per share. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, June 28th. This represents a $3.30 dividend on an annualized basis and a yield of 1.90%. Ralph Lauren’s dividend payout ratio is 30.86%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on RL shares. Guggenheim reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Ralph Lauren in a research report on Friday. Wells Fargo & Company reduced their target price on Ralph Lauren from $185.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday. Telsey Advisory Group reiterated an “outperform” rating and set a $195.00 price target on shares of Ralph Lauren in a report on Thursday. Raymond James upped their price objective on Ralph Lauren from $135.00 to $154.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. Finally, TD Cowen lifted their target price on Ralph Lauren from $192.00 to $197.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $170.50.

Ralph Lauren Profile

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