III Capital Management Sells 2,000 Shares of Ralph Lauren Corporation $RL

III Capital Management lowered its position in shares of Ralph Lauren Corporation (NYSE:RL) by 17.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,155 shares of the textile maker’s stock after selling 2,000 shares during the quarter. Ralph Lauren comprises 0.5% of III Capital Management’s investment portfolio, making the stock its 22nd biggest holding. III Capital Management’s holdings in Ralph Lauren were worth $3,237,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its position in Ralph Lauren by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 1,050,543 shares of the textile maker’s stock valued at $370,852,000 after acquiring an additional 54,686 shares during the last quarter. Invesco Ltd. increased its position in Ralph Lauren by 9.8% in the 3rd quarter. Invesco Ltd. now owns 1,048,755 shares of the textile maker’s stock valued at $328,848,000 after buying an additional 93,753 shares in the last quarter. Orion Porfolio Solutions LLC increased its position in Ralph Lauren by 8,937.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock valued at $264,225,000 after buying an additional 952,681 shares in the last quarter. Qube Research & Technologies Ltd increased its position in Ralph Lauren by 11.7% in the 3rd quarter. Qube Research & Technologies Ltd now owns 941,832 shares of the textile maker’s stock valued at $295,321,000 after buying an additional 98,511 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Ralph Lauren by 40.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 895,017 shares of the textile maker’s stock valued at $316,487,000 after buying an additional 255,511 shares in the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Trading Down 0.6%

RL opened at $404.16 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.13 and a quick ratio of 1.57. Ralph Lauren Corporation has a fifty-two week low of $259.30 and a fifty-two week high of $421.60. The firm has a market capitalization of $24.06 billion, a PE ratio of 26.75, a P/E/G ratio of 2.02 and a beta of 1.35. The company’s 50-day moving average is $368.48 and its 200 day moving average is $361.27.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.28. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the prior year, the business posted $2.27 EPS. The firm’s revenue was up 16.6% compared to the same quarter last year. As a group, research analysts predict that Ralph Lauren Corporation will post 18.33 earnings per share for the current fiscal year.

Ralph Lauren Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be issued a $1.00 dividend. The ex-dividend date is Friday, June 26th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.91. Ralph Lauren’s dividend payout ratio (DPR) is currently 24.16%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Wells Fargo & Company boosted their target price on Ralph Lauren from $400.00 to $415.00 and gave the company an “overweight” rating in a research report on Friday, May 22nd. Bank of America boosted their target price on Ralph Lauren from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Weiss Ratings lowered Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 15th. Zacks Research lowered Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Finally, Citigroup raised Ralph Lauren from a “neutral” rating to a “buy” rating and boosted their target price for the company from $360.00 to $400.00 in a research report on Tuesday, March 24th. Fifteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $428.29.

Ralph Lauren 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.