Ralph Lauren Corporation $RL Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its position in shares of Ralph Lauren Corporation (NYSE:RL) by 12.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 883,504 shares of the textile maker’s stock after selling 124,241 shares during the quarter. JPMorgan Chase & Co.’s holdings in Ralph Lauren were worth $277,034,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its holdings in Ralph Lauren by 125.2% in the 3rd quarter. Assetmark Inc. now owns 527 shares of the textile maker’s stock valued at $165,000 after purchasing an additional 293 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Ralph Lauren by 541.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 52,343 shares of the textile maker’s stock valued at $16,413,000 after buying an additional 44,180 shares during the period. Illinois Municipal Retirement Fund boosted its stake in shares of Ralph Lauren by 13.9% in the third quarter. Illinois Municipal Retirement Fund now owns 32,081 shares of the textile maker’s stock valued at $10,059,000 after buying an additional 3,923 shares in the last quarter. Caprock Group LLC acquired a new position in Ralph Lauren during the third quarter worth $2,251,000. Finally, ING Groep NV grew its holdings in Ralph Lauren by 33.1% during the third quarter. ING Groep NV now owns 25,578 shares of the textile maker’s stock worth $8,020,000 after acquiring an additional 6,354 shares during the period. 67.91% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ralph Lauren

In other Ralph Lauren news, CEO Patrice Louvet sold 47,000 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $354.22, for a total transaction of $16,648,340.00. Following the sale, the chief executive officer directly owned 85,552 shares of the company’s stock, valued at $30,304,229.44. This trade represents a 35.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 38.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. BTIG Research raised their target price on Ralph Lauren from $400.00 to $435.00 and gave the company a “buy” rating in a report on Friday, February 6th. UBS Group raised their price objective on shares of Ralph Lauren from $474.00 to $477.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Argus upped their target price on shares of Ralph Lauren from $360.00 to $400.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Jefferies Financial Group dropped their target price on shares of Ralph Lauren from $425.00 to $410.00 and set a “buy” rating for the company in a report on Friday, February 6th. Finally, Barclays set a $416.00 price target on Ralph Lauren and gave the stock an “overweight” rating in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $388.19.

Ralph Lauren Price Performance

RL stock opened at $377.12 on Friday. Ralph Lauren Corporation has a 1 year low of $176.61 and a 1 year high of $380.86. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.52 and a current ratio of 2.10. The stock’s 50 day moving average price is $361.83 and its 200 day moving average price is $335.07. The firm has a market cap of $22.83 billion, a P/E ratio of 25.67, a PEG ratio of 1.47 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, February 5th. The textile maker reported $6.22 earnings per share for the quarter, topping the consensus estimate of $5.80 by $0.42. Ralph Lauren had a return on equity of 37.97% and a net margin of 11.73%.The company had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter last year, the business posted $4.82 earnings per share. Ralph Lauren’s revenue was up 12.2% compared to the same quarter last year. On average, sell-side analysts expect that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 26th were paid a $0.9125 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a $3.65 annualized dividend and a yield of 1.0%. Ralph Lauren’s payout ratio is presently 24.85%.

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.