Truvestments Capital LLC Has $243,000 Stake in Ralph Lauren Co. (NYSE:RL)

Truvestments Capital LLC lessened its stake in Ralph Lauren Co. (NYSE:RL) by 54.0% during the first quarter, Holdings Channel reports. The firm owned 1,295 shares of the textile maker’s stock after selling 1,519 shares during the period. Truvestments Capital LLC’s holdings in Ralph Lauren were worth $243,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. QRG Capital Management Inc. increased its position in Ralph Lauren by 2.8% in the first quarter. QRG Capital Management Inc. now owns 2,378 shares of the textile maker’s stock worth $447,000 after buying an additional 65 shares during the last quarter. New York Life Investment Management LLC lifted its holdings in Ralph Lauren by 0.6% during the fourth quarter. New York Life Investment Management LLC now owns 12,999 shares of the textile maker’s stock valued at $1,874,000 after purchasing an additional 82 shares during the last quarter. Wakefield Asset Management LLLP boosted its position in Ralph Lauren by 5.4% during the first quarter. Wakefield Asset Management LLLP now owns 2,450 shares of the textile maker’s stock worth $460,000 after purchasing an additional 126 shares during the period. Kestra Private Wealth Services LLC increased its stake in shares of Ralph Lauren by 11.0% in the fourth quarter. Kestra Private Wealth Services LLC now owns 1,990 shares of the textile maker’s stock worth $287,000 after purchasing an additional 197 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC raised its position in shares of Ralph Lauren by 2.0% in the first quarter. Bryn Mawr Capital Management LLC now owns 10,450 shares of the textile maker’s stock valued at $1,962,000 after purchasing an additional 200 shares during the period. Institutional investors own 67.91% of the company’s stock.

Insiders Place Their Bets

In other Ralph Lauren news, COO Jane Nielsen sold 67,243 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $171.25, for a total value of $11,515,363.75. Following the completion of the sale, the chief operating officer now owns 44,591 shares of the company’s stock, valued at $7,636,208.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 11.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Jefferies Financial Group started coverage on shares of Ralph Lauren in a report on Tuesday, April 30th. They issued a “buy” rating and a $195.00 price objective for the company. Argus reiterated a “hold” rating on shares of Ralph Lauren in a research report on Tuesday, July 2nd. TD Cowen dropped their price objective on Ralph Lauren from $202.00 to $196.00 and set a “buy” rating on the stock in a report on Thursday. UBS Group raised their target price on Ralph Lauren from $244.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. Finally, Guggenheim reiterated a “buy” rating and set a $200.00 price target on shares of Ralph Lauren in a research report on Friday, May 24th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $170.42.

Ralph Lauren Price Performance

Shares of NYSE RL traded up $6.96 during midday trading on Friday, hitting $168.10. 554,928 shares of the company’s stock were exchanged, compared to its average volume of 791,525. The business’s fifty day moving average price is $176.54 and its two-hundred day moving average price is $170.60. The company has a market cap of $10.51 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 1.32 and a beta of 1.51. The company has a current ratio of 2.29, a quick ratio of 1.68 and a debt-to-equity ratio of 0.57. Ralph Lauren Co. has a 12-month low of $108.60 and a 12-month high of $192.03.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, May 23rd. The textile maker reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.06. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Ralph Lauren had a net margin of 9.75% and a return on equity of 27.90%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.90 EPS. As a group, research analysts forecast that Ralph Lauren Co. will post 11.09 EPS for the current fiscal year.

Ralph Lauren Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were given a dividend of $0.825 per share. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, June 28th. This represents a $3.30 dividend on an annualized basis and a yield of 1.96%. Ralph Lauren’s dividend payout ratio (DPR) is presently 33.95%.

About Ralph Lauren

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men's, women's, and children's clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.