Guggenheim Capital LLC lowered its position in Ralph Lauren Co. (NYSE:RL) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 335,794 shares of the textile maker’s stock after selling 5,953 shares during the quarter. Guggenheim Capital LLC owned 0.41% of Ralph Lauren worth $34,817,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Cigna Investments Inc. New acquired a new position in Ralph Lauren in the 4th quarter worth $214,000. First Allied Advisory Services Inc. acquired a new position in Ralph Lauren in the 4th quarter worth $223,000. Liberty Mutual Group Asset Management Inc. acquired a new position in Ralph Lauren in the 4th quarter worth $229,000. Thrivent Financial For Lutherans acquired a new position in Ralph Lauren in the 4th quarter worth $234,000. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new position in Ralph Lauren in the 3rd quarter worth $205,000. Hedge funds and other institutional investors own 73.64% of the company’s stock.
Shares of NYSE:RL traded down $0.37 during trading on Thursday, reaching $113.99. 584,445 shares of the company’s stock traded hands, compared to its average volume of 934,386. The company has a quick ratio of 1.58, a current ratio of 2.07 and a debt-to-equity ratio of 0.09. Ralph Lauren Co. has a 12 month low of $66.06 and a 12 month high of $119.33. The company has a market cap of $9,352.30, a PE ratio of 19.96, a P/E/G ratio of 1.84 and a beta of 0.64.
Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, February 1st. The textile maker reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.16. Ralph Lauren had a negative net margin of 1.33% and a positive return on equity of 14.64%. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the prior year, the firm earned $1.86 EPS. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. research analysts forecast that Ralph Lauren Co. will post 5.98 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 29th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Wednesday, March 28th. Ralph Lauren’s dividend payout ratio is presently 35.03%.
RL has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Bank of America lowered shares of Ralph Lauren from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $100.14 to $80.00 in a report on Wednesday, December 13th. Zacks Investment Research downgraded shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Credit Suisse Group began coverage on shares of Ralph Lauren in a research report on Monday, March 12th. They issued an “outperform” rating and a $125.00 target price for the company. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $113.00 target price on shares of Ralph Lauren in a research report on Friday, February 2nd. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $99.00.
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About Ralph Lauren
Ralph Lauren Corporation designs, markets, and distributes lifestyle products worldwide. The company operates in three segments: North America, Europe, and Asia. It offers apparel, including a range of men's, women's, and children's clothing; accessories, which comprise footwear, eyewear, watches, fine jewelry, hats, belts, and leather goods, such as handbags and luggage; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, paints, tabletops, and giftware; and fragrances.
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