Fox Run Management L.L.C. Sells 14,180 Shares of Ralph Lauren Corporation $RL

Fox Run Management L.L.C. decreased its position in shares of Ralph Lauren Corporation (NYSE:RL) by 91.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,263 shares of the textile maker’s stock after selling 14,180 shares during the period. Fox Run Management L.L.C.’s holdings in Ralph Lauren were worth $396,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of Ralph Lauren by 13.2% during the second quarter. JPMorgan Chase & Co. now owns 1,007,745 shares of the textile maker’s stock valued at $276,407,000 after acquiring an additional 117,494 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Ralph Lauren by 18.6% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 32,362 shares of the textile maker’s stock valued at $10,147,000 after purchasing an additional 5,075 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Ralph Lauren by 7.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 265,601 shares of the textile maker’s stock valued at $83,282,000 after purchasing an additional 18,355 shares in the last quarter. Winnow Wealth LLC purchased a new position in Ralph Lauren in the third quarter worth about $899,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Ralph Lauren by 159.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,113 shares of the textile maker’s stock worth $3,171,000 after buying an additional 6,213 shares in the last quarter. Institutional investors own 67.91% of the company’s stock.

Insider Transactions at Ralph Lauren

In related news, CEO Patrice Louvet sold 47,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 85,552 shares in the company, valued at approximately $30,304,229.44. The trade was a 35.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 38.34% of the company’s stock.

Ralph Lauren Stock Performance

RL stock opened at $362.09 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.10 and a quick ratio of 1.52. Ralph Lauren Corporation has a 1 year low of $176.61 and a 1 year high of $389.15. The company has a market cap of $21.92 billion, a P/E ratio of 24.65, a price-to-earnings-growth ratio of 1.41 and a beta of 1.47. The stock’s fifty day moving average price is $362.44 and its 200-day moving average price is $338.89.

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

Ralph Lauren Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on RL. Citigroup raised their price target on shares of Ralph Lauren from $333.00 to $360.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Ralph Lauren in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft set a $422.00 price target on Ralph Lauren in a report on Thursday, January 8th. Guggenheim began coverage on Ralph Lauren in a research report on Tuesday, December 9th. They set a “neutral” rating on the stock. Finally, BTIG Research boosted their target price on Ralph Lauren from $400.00 to $435.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. One research 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $388.19.

Ralph Lauren Company 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.