Bank of New Hampshire Cuts Stock Position in Ralph Lauren Co. (NYSE:RL)

Bank of New Hampshire trimmed its position in shares of Ralph Lauren Co. (NYSE:RL) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,870 shares of the textile maker’s stock after selling 138 shares during the quarter. Bank of New Hampshire’s holdings in Ralph Lauren were worth $1,567,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. raised its holdings in shares of Ralph Lauren by 99.2% in the third quarter. Financial Gravity Asset Management Inc. now owns 245 shares of the textile maker’s stock valued at $28,000 after acquiring an additional 122 shares in the last quarter. Spire Wealth Management raised its holdings in Ralph Lauren by 47.9% in the third quarter. Spire Wealth Management now owns 315 shares of the textile maker’s stock worth $37,000 after purchasing an additional 102 shares in the last quarter. Ronald Blue Trust Inc. raised its holdings in Ralph Lauren by 119.9% in the third quarter. Ronald Blue Trust Inc. now owns 343 shares of the textile maker’s stock worth $42,000 after purchasing an additional 187 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Ralph Lauren during the fourth quarter worth about $45,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Ralph Lauren during the third quarter worth about $46,000. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Price Performance

NYSE RL traded down $0.55 during mid-day trading on Friday, hitting $166.38. The stock had a trading volume of 312,948 shares, compared to its average volume of 989,650. The firm’s 50 day moving average is $177.52 and its 200 day moving average is $148.61. Ralph Lauren Co. has a twelve month low of $103.17 and a twelve month high of $192.03. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.17 and a quick ratio of 1.54. The stock has a market capitalization of $10.64 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 0.98 and a beta of 1.53.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, February 8th. The textile maker reported $4.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.53 by $0.64. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Ralph Lauren had a return on equity of 25.88% and a net margin of 8.90%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the business earned $3.35 EPS. Equities research analysts forecast that Ralph Lauren Co. will post 10.23 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, April 12th. Investors of record on Thursday, March 28th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend was Wednesday, March 27th. Ralph Lauren’s dividend payout ratio (DPR) is 34.01%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on RL. Wells Fargo & Company upped their target price on Ralph Lauren from $160.00 to $185.00 and gave the company an “equal weight” rating in a research report on Monday, March 4th. Raymond James upped their target price on Ralph Lauren from $135.00 to $154.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. Telsey Advisory Group reiterated an “outperform” rating and issued a $195.00 target price (up previously from $165.00) on shares of Ralph Lauren in a research report on Thursday, February 8th. UBS Group boosted their price target on Ralph Lauren from $188.00 to $190.00 and gave the company a “buy” rating in a report on Monday, February 5th. Finally, The Goldman Sachs Group boosted their price target on Ralph Lauren from $132.00 to $151.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $155.64.

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.