Yousif Capital Management LLC Has $1.55 Million Holdings in Ralph Lauren Corporation $RL

Yousif Capital Management LLC cut its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 26.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,308 shares of the textile maker’s stock after selling 1,566 shares during the quarter. Yousif Capital Management LLC’s holdings in Ralph Lauren were worth $1,552,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Invesco Ltd. lifted its holdings in shares of Ralph Lauren by 9.8% during the third quarter. Invesco Ltd. now owns 1,048,755 shares of the textile maker’s stock worth $328,848,000 after buying an additional 93,753 shares during the last quarter. Orion Porfolio Solutions LLC lifted its holdings in shares of Ralph Lauren by 8,937.8% during the second quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock worth $264,225,000 after buying an additional 952,681 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of Ralph Lauren by 11.7% during the third quarter. Qube Research & Technologies Ltd now owns 941,832 shares of the textile maker’s stock worth $295,321,000 after buying an additional 98,511 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Ralph Lauren by 5.0% during the second quarter. Ameriprise Financial Inc. now owns 756,203 shares of the textile maker’s stock worth $207,417,000 after buying an additional 36,328 shares during the last quarter. Finally, Boston Partners lifted its holdings in shares of Ralph Lauren by 2.1% during the third quarter. Boston Partners now owns 715,733 shares of the textile maker’s stock worth $224,455,000 after buying an additional 14,953 shares during the last quarter. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ralph Lauren news, CEO Patrice Louvet sold 47,000 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $354.22, for a total value of $16,648,340.00. Following the sale, the chief executive officer directly owned 85,552 shares in the company, valued at $30,304,229.44. This represents a 35.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 38.34% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. UBS Group reiterated a “buy” rating on shares of Ralph Lauren in a report on Tuesday, March 3rd. BTIG Research boosted their price objective on Ralph Lauren from $400.00 to $435.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Telsey Advisory Group restated an “outperform” rating and set a $435.00 price objective on shares of Ralph Lauren in a research report on Thursday, February 5th. Citigroup upgraded Ralph Lauren from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $360.00 to $400.00 in a research report on Tuesday, March 24th. Finally, Weiss Ratings upgraded Ralph Lauren from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $391.56.

Ralph Lauren Stock Performance

RL opened at $373.05 on Wednesday. The stock has a market cap of $22.58 billion, a PE ratio of 25.39, a P/E/G ratio of 1.32 and a beta of 1.46. The company has a current ratio of 2.10, a quick ratio of 1.52 and a debt-to-equity ratio of 0.50. Ralph Lauren Corporation has a 1 year low of $198.01 and a 1 year high of $389.15. The stock’s 50 day simple moving average is $354.85 and its 200-day simple moving average is $349.21.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, February 5th. The textile maker reported $6.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.80 by $0.42. Ralph Lauren had a return on equity of 37.97% and a net margin of 11.73%.The business had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same period in the previous year, the business posted $4.82 earnings per share. Ralph Lauren’s quarterly revenue was up 12.2% on a year-over-year basis. Sell-side analysts forecast that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were given a $0.9125 dividend. This represents a $3.65 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, March 27th. Ralph Lauren’s dividend payout ratio is 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.