Metropolitan Life Insurance Co. NY Sells 17,718 Shares of Ralph Lauren Co. (RL)

Metropolitan Life Insurance Co. NY cut its stake in shares of Ralph Lauren Co. (NYSE:RL) by 67.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,579 shares of the textile maker’s stock after selling 17,718 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Ralph Lauren were worth $890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. New York State Common Retirement Fund grew its stake in shares of Ralph Lauren by 6.9% during the third quarter. New York State Common Retirement Fund now owns 144,900 shares of the textile maker’s stock valued at $12,793,000 after buying an additional 9,400 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Ralph Lauren by 12.9% during the third quarter. Russell Investments Group Ltd. now owns 42,961 shares of the textile maker’s stock valued at $3,793,000 after buying an additional 4,925 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of Ralph Lauren by 4,835.2% during the third quarter. Macquarie Group Ltd. now owns 8,982 shares of the textile maker’s stock valued at $793,000 after buying an additional 8,800 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Ralph Lauren by 205.1% during the third quarter. Nordea Investment Management AB now owns 6,368 shares of the textile maker’s stock valued at $562,000 after buying an additional 4,281 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Ralph Lauren by 31.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 411,515 shares of the textile maker’s stock valued at $36,333,000 after buying an additional 98,589 shares during the last quarter. Institutional investors and hedge funds own 73.64% of the company’s stock.

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Shares of NYSE RL opened at $114.39 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.58 and a debt-to-equity ratio of 0.09. The firm has a market cap of $8,928.78, a price-to-earnings ratio of 20.03, a P/E/G ratio of 1.76 and a beta of 0.64. Ralph Lauren Co. has a 12-month low of $66.06 and a 12-month high of $119.33.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, February 1st. The textile maker reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.16. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Ralph Lauren had a positive return on equity of 14.64% and a negative net margin of 1.33%. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.86 EPS. equities research analysts expect that Ralph Lauren Co. will post 5.98 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, March 28th. This represents a $2.00 annualized dividend and a yield of 1.75%. Ralph Lauren’s dividend payout ratio (DPR) is presently 35.03%.

A number of research firms have recently commented on RL. Zacks Investment Research raised Ralph Lauren from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a research note on Thursday. Cowen raised Ralph Lauren from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from $119.33 to $66.06 in a research note on Thursday, March 22nd. Piper Jaffray set a $109.00 price objective on Ralph Lauren and gave the stock a “sell” rating in a research note on Tuesday, January 30th. ValuEngine cut Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Friday, March 23rd. Finally, Nomura increased their price objective on Ralph Lauren from $92.00 to $111.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $97.76.

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Ralph Lauren Profile

Ralph Lauren Corporation designs, markets, and distributes lifestyle products worldwide. The company operates in three segments: North America, Europe, and Asia. It offers apparel, including a range of men's, women's, and children's clothing; accessories, which comprise footwear, eyewear, watches, fine jewelry, hats, belts, and leather goods, such as handbags and luggage; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, paints, tabletops, and giftware; and fragrances.

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

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