Macquarie Group Ltd. Trims Position in Ralph Lauren Corp (RL)

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Macquarie Group Ltd. decreased its stake in shares of Ralph Lauren Corp (NYSE:RL) by 23.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,300 shares of the textile maker’s stock after selling 400 shares during the period. Macquarie Group Ltd.’s holdings in Ralph Lauren were worth $134,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Wakefield Asset Management LLLP lifted its position in Ralph Lauren by 42.1% during the 4th quarter. Wakefield Asset Management LLLP now owns 28,432 shares of the textile maker’s stock worth $2,942,000 after buying an additional 8,424 shares in the last quarter. Hancock Whitney Corp lifted its position in Ralph Lauren by 6.3% during the 4th quarter. Hancock Whitney Corp now owns 8,297 shares of the textile maker’s stock worth $858,000 after buying an additional 492 shares in the last quarter. Legal & General Group Plc lifted its position in Ralph Lauren by 5.8% during the 4th quarter. Legal & General Group Plc now owns 291,855 shares of the textile maker’s stock worth $30,196,000 after buying an additional 15,939 shares in the last quarter. CSat Investment Advisory L.P. lifted its position in Ralph Lauren by 97.3% during the 4th quarter. CSat Investment Advisory L.P. now owns 436 shares of the textile maker’s stock worth $45,000 after buying an additional 215 shares in the last quarter. Finally, Cipher Capital LP acquired a new position in Ralph Lauren during the 4th quarter worth about $1,459,000. Institutional investors and hedge funds own 66.71% of the company’s stock.

In other news, Director Joyce F. Brown sold 2,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $126.00, for a total value of $252,000.00. Following the completion of the sale, the director now directly owns 7,278 shares of the company’s stock, valued at approximately $917,028. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Valerie Hermann sold 10,400 shares of the company’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $126.15, for a total value of $1,311,960.00. Following the completion of the sale, the insider now directly owns 38,340 shares of the company’s stock, valued at $4,836,591. The disclosure for this sale can be found here. Corporate insiders own 32.49% of the company’s stock.

Shares of RL stock opened at $129.56 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.90 and a quick ratio of 2.18. The stock has a market capitalization of $10.08 billion, a PE ratio of 21.49, a P/E/G ratio of 1.64 and a beta of 0.69. Ralph Lauren Corp has a one year low of $95.63 and a one year high of $147.79.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Tuesday, February 5th. The textile maker reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.17. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Ralph Lauren had a return on equity of 16.85% and a net margin of 6.95%. Ralph Lauren’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.03 EPS. As a group, sell-side analysts expect that Ralph Lauren Corp will post 7.04 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a $0.625 dividend. The ex-dividend date was Thursday, March 28th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.93%. Ralph Lauren’s dividend payout ratio (DPR) is presently 41.46%.

RL has been the topic of several research reports. Buckingham Research upgraded shares of Ralph Lauren from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 9th. UBS Group upgraded shares of Ralph Lauren from a “sell” rating to a “neutral” rating in a research report on Monday, January 7th. Needham & Company LLC upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research report on Thursday, January 10th. Wells Fargo & Co set a $130.00 price target on shares of Ralph Lauren and gave the stock a “hold” rating in a research report on Tuesday, February 5th. Finally, Telsey Advisory Group upgraded shares of Ralph Lauren from a “market perform” rating to an “outperform” rating and set a $155.00 price target on the stock in a research report on Thursday, January 31st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $136.00.

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About Ralph Lauren

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. It offers apparel, including a range of men's, women's, and children's clothing accessories, which comprise footwear, eyewear, watches, fashion and fine jewelry, hats, gloves, umbrellas, belts, and leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, tabletops, floorcoverings, and giftware; and fragrances.

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Institutional Ownership by Quarter for Ralph Lauren (NYSE:RL)

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