Ralph Lauren Corporation $RL Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. reduced its stake in Ralph Lauren Corporation (NYSE:RL) by 51.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,204 shares of the textile maker’s stock after selling 7,612 shares during the quarter. Pacer Advisors Inc.’s holdings in Ralph Lauren were worth $2,259,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Ralph Lauren by 25.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 329 shares of the textile maker’s stock worth $73,000 after buying an additional 67 shares during the last quarter. Vident Advisory LLC acquired a new position in shares of Ralph Lauren in the 1st quarter valued at $297,000. Nomura Holdings Inc. raised its stake in Ralph Lauren by 167.3% in the 1st quarter. Nomura Holdings Inc. now owns 3,534 shares of the textile maker’s stock worth $780,000 after acquiring an additional 2,212 shares during the last quarter. Royal Bank of Canada lifted its position in Ralph Lauren by 3.1% during the 1st quarter. Royal Bank of Canada now owns 64,007 shares of the textile maker’s stock worth $14,129,000 after acquiring an additional 1,926 shares during the period. Finally, Focus Partners Advisor Solutions LLC purchased a new stake in Ralph Lauren during the 1st quarter valued at about $808,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

RL opened at $358.77 on Wednesday. The firm has a fifty day moving average price of $347.11 and a 200 day moving average price of $315.65. Ralph Lauren Corporation has a 1 year low of $176.61 and a 1 year high of $380.00. The stock has a market cap of $21.76 billion, a P/E ratio of 26.52, a P/E/G ratio of 1.74 and a beta of 1.52. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.04 and a quick ratio of 1.35.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, November 6th. The textile maker reported $3.79 EPS for the quarter, beating the consensus estimate of $3.45 by $0.34. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.88 billion. Ralph Lauren had a net margin of 11.28% and a return on equity of 36.18%. The firm’s revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the business earned $2.54 earnings per share. Equities research analysts anticipate that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 26th will be paid a $0.9125 dividend. This represents a $3.65 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, December 26th. Ralph Lauren’s payout ratio is currently 26.98%.

Wall Street Analyst Weigh In

A number of research firms recently commented on RL. UBS Group lifted their target price on Ralph Lauren from $421.00 to $435.00 and gave the stock a “buy” rating in a report on Friday, November 7th. JPMorgan Chase & Co. lifted their price objective on shares of Ralph Lauren from $423.00 to $430.00 and gave the company an “overweight” rating in a research note on Friday, September 26th. BTIG Research began coverage on shares of Ralph Lauren in a research note on Tuesday, October 14th. They issued a “buy” rating and a $400.00 price objective on the stock. Needham & Company LLC raised their target price on shares of Ralph Lauren from $335.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Finally, TD Cowen upped their price target on shares of Ralph Lauren from $354.00 to $399.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $364.60.

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.