New Age Alpha Advisors LLC Decreases Holdings in Ralph Lauren Corporation $RL

New Age Alpha Advisors LLC trimmed its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 51.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,181 shares of the textile maker’s stock after selling 2,288 shares during the period. New Age Alpha Advisors LLC’s holdings in Ralph Lauren were worth $771,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund boosted its position in Ralph Lauren by 0.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,425 shares of the textile maker’s stock worth $1,565,000 after purchasing an additional 31 shares during the period. Sumitomo Mitsui Financial Group Inc. boosted its position in Ralph Lauren by 0.3% during the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 11,762 shares of the textile maker’s stock worth $3,688,000 after purchasing an additional 32 shares during the period. Johnson Investment Counsel Inc. boosted its position in Ralph Lauren by 0.4% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 9,311 shares of the textile maker’s stock worth $2,920,000 after purchasing an additional 34 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in Ralph Lauren by 23.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 179 shares of the textile maker’s stock worth $63,000 after purchasing an additional 34 shares during the period. Finally, Polymer Capital Management US LLC boosted its position in Ralph Lauren by 1.1% during the 3rd quarter. Polymer Capital Management US LLC now owns 3,230 shares of the textile maker’s stock worth $1,013,000 after purchasing an additional 34 shares during the period. 67.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RL has been the subject of a number of research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 price target on shares of Ralph Lauren in a research report on Thursday, May 21st. Barclays upped their price target on shares of Ralph Lauren from $430.00 to $439.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Zacks Research cut shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Bank of America boosted their price objective on shares of Ralph Lauren from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Finally, Weiss Ratings lowered shares of Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 15th. Fifteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $428.29.

Ralph Lauren Stock Performance

Shares of RL stock opened at $376.23 on Thursday. Ralph Lauren Corporation has a 12 month low of $258.13 and a 12 month high of $393.41. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.13 and a quick ratio of 1.57. The firm has a market capitalization of $22.78 billion, a P/E ratio of 24.90, a P/E/G ratio of 1.91 and a beta of 1.37. The company’s fifty day moving average price is $356.65 and its two-hundred day moving average price is $356.92.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.28. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the previous year, the business posted $2.27 EPS. The firm’s revenue was up 16.6% compared to the same quarter last year. On average, research analysts anticipate that Ralph Lauren Corporation will post 18.23 earnings per share for the current fiscal year.

Ralph Lauren Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be issued a $1.00 dividend. The ex-dividend date is Friday, June 26th. This represents a $4.00 dividend on an annualized basis and a yield of 1.1%. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.91. Ralph Lauren’s dividend payout ratio (DPR) is presently 24.16%.

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.