Mitsubishi UFJ Trust & Banking Corp Sells 1,708 Shares of Ralph Lauren Corporation $RL

Mitsubishi UFJ Trust & Banking Corp lowered its stake in Ralph Lauren Corporation (NYSE:RL) by 22.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,955 shares of the textile maker’s stock after selling 1,708 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Ralph Lauren were worth $1,867,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Jennison Associates LLC increased its holdings in shares of Ralph Lauren by 13.2% during the 3rd quarter. Jennison Associates LLC now owns 604,728 shares of the textile maker’s stock valued at $189,619,000 after acquiring an additional 70,285 shares during the last quarter. Teacher Retirement System of Texas boosted its position in Ralph Lauren by 102.5% during the third quarter. Teacher Retirement System of Texas now owns 28,483 shares of the textile maker’s stock worth $8,931,000 after purchasing an additional 14,417 shares during the period. Parkside Financial Bank & Trust grew its holdings in Ralph Lauren by 56.1% during the third quarter. Parkside Financial Bank & Trust now owns 167 shares of the textile maker’s stock valued at $52,000 after purchasing an additional 60 shares during the last quarter. Simplicity Wealth LLC raised its position in shares of Ralph Lauren by 8.3% in the third quarter. Simplicity Wealth LLC now owns 1,371 shares of the textile maker’s stock valued at $430,000 after purchasing an additional 105 shares during the period. Finally, Rakuten Investment Management Inc. acquired a new stake in shares of Ralph Lauren in the third quarter worth $86,719,000. Institutional investors own 67.91% of the company’s stock.

Analyst Upgrades and Downgrades

RL has been the topic of a number of research analyst reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $435.00 target price on shares of Ralph Lauren in a research note on Friday. Zacks Research downgraded Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 8th. Argus lifted their price objective on Ralph Lauren from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Deutsche Bank Aktiengesellschaft set a $422.00 target price on Ralph Lauren in a research note on Thursday, January 8th. Finally, UBS Group raised their target price on Ralph Lauren from $473.00 to $474.00 and gave the company a “buy” rating in a report on Wednesday. Fifteen equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Ralph Lauren currently has an average rating of “Moderate Buy” and a consensus target price of $375.35.

Ralph Lauren Stock Down 0.4%

RL stock opened at $353.52 on Friday. Ralph Lauren Corporation has a twelve month low of $176.61 and a twelve month high of $380.00. The company has a quick ratio of 1.35, a current ratio of 2.04 and a debt-to-equity ratio of 0.57. The company has a market cap of $21.44 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 1.58 and a beta of 1.49. The business’s 50-day simple moving average is $362.41 and its 200 day simple moving average is $328.64.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, November 6th. The textile maker reported $3.79 EPS for the quarter, topping analysts’ consensus estimates of $3.45 by $0.34. Ralph Lauren had a return on equity of 36.18% and a net margin of 11.28%.The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the company earned $2.54 EPS. The company’s quarterly revenue was up 16.5% on a year-over-year basis. On average, research analysts anticipate that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were paid a dividend of $0.9125 per share. The ex-dividend date was Friday, December 26th. This represents a $3.65 dividend on an annualized basis and a yield of 1.0%. Ralph Lauren’s payout ratio is currently 26.98%.

About Ralph Lauren

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.