HS Management Partners LLC Sells 14,185 Shares of Ralph Lauren Corporation $RL

HS Management Partners LLC lessened its stake in Ralph Lauren Corporation (NYSE:RL) by 35.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 25,580 shares of the textile maker’s stock after selling 14,185 shares during the quarter. Ralph Lauren accounts for approximately 3.1% of HS Management Partners LLC’s holdings, making the stock its 18th largest position. HS Management Partners LLC’s holdings in Ralph Lauren were worth $8,799,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. M&T Bank Corp grew its position in shares of Ralph Lauren by 6,216.7% during the fourth quarter. M&T Bank Corp now owns 73,337 shares of the textile maker’s stock valued at $25,933,000 after purchasing an additional 72,176 shares in the last quarter. Vest Financial LLC lifted its position in shares of Ralph Lauren by 177.9% in the fourth quarter. Vest Financial LLC now owns 54,701 shares of the textile maker’s stock worth $19,343,000 after buying an additional 35,016 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Ralph Lauren by 106.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 63,180 shares of the textile maker’s stock worth $22,552,000 after buying an additional 32,622 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Ralph Lauren by 28.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 41,688 shares of the textile maker’s stock valued at $14,741,000 after buying an additional 9,133 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in Ralph Lauren during the 4th quarter valued at approximately $1,815,000. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Down 0.0%

Shares of RL opened at $398.18 on Friday. The firm has a market capitalization of $23.70 billion, a P/E ratio of 26.35, a P/E/G ratio of 1.98 and a beta of 1.34. Ralph Lauren Corporation has a 12-month low of $273.04 and a 12-month high of $421.60. The company has a current ratio of 2.13, a quick ratio of 1.57 and a debt-to-equity ratio of 0.51. The firm has a fifty day moving average price of $375.55 and a 200-day moving average price of $364.98.

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

Ralph Lauren Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be paid a $1.00 dividend. The ex-dividend date is Friday, June 26th. This represents a $4.00 dividend on an annualized basis and a yield of 1.0%. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.91. Ralph Lauren’s payout ratio is currently 26.47%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on RL shares. Bank of America lifted their price objective on Ralph Lauren from $400.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. BTIG Research reiterated a “buy” rating and set a $450.00 target price on shares of Ralph Lauren in a research report on Friday, May 22nd. Citigroup raised shares of Ralph Lauren from a “neutral” rating to a “buy” rating and raised their target price for the company from $360.00 to $400.00 in a report on Tuesday, March 24th. Telsey Advisory Group boosted their price target on shares of Ralph Lauren from $435.00 to $460.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Finally, Wall Street Zen raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Saturday. Fifteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ralph Lauren presently has a consensus rating of “Moderate Buy” and an average target price of $430.07.

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.