Ralph Lauren Co. (NYSE:RL) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its holdings in shares of Ralph Lauren Co. (NYSE:RL) by 92.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,424 shares of the textile maker’s stock after selling 18,299 shares during the quarter. SG Americas Securities LLC’s holdings in Ralph Lauren were worth $329,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of RL. Dupont Capital Management Corp acquired a new stake in shares of Ralph Lauren in the 4th quarter valued at about $4,648,000. Nisa Investment Advisors LLC raised its stake in Ralph Lauren by 39.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 18,097 shares of the textile maker’s stock worth $4,195,000 after acquiring an additional 5,120 shares during the period. Atomi Financial Group Inc. boosted its stake in Ralph Lauren by 7.4% in the fourth quarter. Atomi Financial Group Inc. now owns 1,274 shares of the textile maker’s stock valued at $294,000 after acquiring an additional 88 shares during the period. Aaron Wealth Advisors LLC bought a new position in shares of Ralph Lauren during the fourth quarter valued at approximately $232,000. Finally, Kera Capital Partners Inc. bought a new position in shares of Ralph Lauren during the fourth quarter valued at approximately $213,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

Shares of RL opened at $247.10 on Wednesday. The company has a 50-day moving average of $236.71 and a two-hundred day moving average of $204.36. The stock has a market cap of $15.35 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 1.86 and a beta of 1.49. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18. Ralph Lauren Co. has a one year low of $144.85 and a one year high of $260.77.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the business posted $2.10 EPS. The company’s revenue was up 5.7% on a year-over-year basis. On average, equities research analysts expect that Ralph Lauren Co. will post 11.71 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were issued a dividend of $0.825 per share. The ex-dividend date was Friday, December 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.34%. Ralph Lauren’s dividend payout ratio is 31.46%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on RL. Guggenheim increased their target price on Ralph Lauren from $260.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. StockNews.com upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Raymond James downgraded Ralph Lauren from an “outperform” rating to a “market perform” rating in a research report on Monday, January 27th. Argus upgraded Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price target on the stock in a research report on Tuesday, December 31st. Finally, UBS Group upped their price objective on Ralph Lauren from $315.00 to $335.00 and gave the company a “buy” rating in a report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $251.73.

Ralph Lauren Company Profile

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men’s, women’s, and children’s clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.