Boston Common Asset Management LLC Sells 6,715 Shares of Ralph Lauren Co. (NYSE:RL)

Boston Common Asset Management LLC lessened its stake in Ralph Lauren Co. (NYSE:RL) by 13.4% during the fourth quarter, Holdings Channel reports. The firm owned 43,545 shares of the textile maker’s stock after selling 6,715 shares during the period. Boston Common Asset Management LLC’s holdings in Ralph Lauren were worth $10,058,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of RL. Pacer Advisors Inc. lifted its holdings in Ralph Lauren by 13.7% during the third quarter. Pacer Advisors Inc. now owns 1,139,975 shares of the textile maker’s stock worth $221,007,000 after acquiring an additional 137,631 shares during the period. Geode Capital Management LLC increased its position in Ralph Lauren by 3.3% in the third quarter. Geode Capital Management LLC now owns 949,512 shares of the textile maker’s stock worth $183,787,000 after buying an additional 30,694 shares during the last quarter. AQR Capital Management LLC increased its position in Ralph Lauren by 158.1% in the second quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock worth $149,478,000 after buying an additional 528,778 shares during the last quarter. Holocene Advisors LP increased its position in Ralph Lauren by 10.2% in the third quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker’s stock worth $162,714,000 after buying an additional 78,008 shares during the last quarter. Finally, Jennison Associates LLC increased its position in Ralph Lauren by 13.2% in the third quarter. Jennison Associates LLC now owns 520,393 shares of the textile maker’s stock worth $100,889,000 after buying an additional 60,610 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Up 1.1 %

Shares of NYSE:RL opened at $240.31 on Friday. Ralph Lauren Co. has a 1 year low of $134.90 and a 1 year high of $245.92. The company has a market cap of $14.92 billion, a PE ratio of 22.91, a P/E/G ratio of 1.76 and a beta of 1.49. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18. The stock’s 50-day moving average is $227.05 and its 200 day moving average is $197.40.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the previous year, the business earned $2.10 EPS. Ralph Lauren’s revenue was up 5.7% compared to the same quarter last year. Sell-side analysts anticipate that Ralph Lauren Co. will post 11.75 EPS for the current year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were issued a dividend of $0.825 per share. The ex-dividend date was Friday, December 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.37%. Ralph Lauren’s dividend payout ratio is presently 31.46%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $207.00 price target on shares of Ralph Lauren in a research report on Thursday, November 7th. Wells Fargo & Company lifted their price target on Ralph Lauren from $215.00 to $225.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. TD Cowen lifted their price target on Ralph Lauren from $208.00 to $251.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Raymond James lifted their price target on Ralph Lauren from $215.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Barclays lifted their price target on Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $228.09.

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, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.