Apollon Wealth Management LLC Sells 631 Shares of Ralph Lauren Co. (NYSE:RL)

Apollon Wealth Management LLC decreased its position in Ralph Lauren Co. (NYSE:RL) by 20.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,453 shares of the textile maker’s stock after selling 631 shares during the quarter. Apollon Wealth Management LLC’s holdings in Ralph Lauren were worth $476,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Ralph Lauren by 4.3% in the first quarter. Vanguard Group Inc. now owns 4,908,575 shares of the textile maker’s stock worth $921,634,000 after purchasing an additional 203,495 shares in the last quarter. Boston Partners increased its stake in Ralph Lauren by 3.4% in the 1st quarter. Boston Partners now owns 1,255,482 shares of the textile maker’s stock valued at $235,662,000 after buying an additional 41,482 shares during the last quarter. Pacer Advisors Inc. lifted its position in Ralph Lauren by 12,493.8% during the 2nd quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker’s stock worth $175,470,000 after buying an additional 994,385 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Ralph Lauren by 158.1% during the 2nd 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. Finally, Acadian Asset Management LLC increased its position in shares of Ralph Lauren by 42.2% in the second quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker’s stock valued at $111,760,000 after acquiring an additional 189,600 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Price Performance

Ralph Lauren stock opened at $208.38 on Friday. The company has a market capitalization of $12.91 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 1.62 and a beta of 1.49. The company has a current ratio of 1.72, a quick ratio of 1.18 and a debt-to-equity ratio of 0.40. Ralph Lauren Co. has a 12 month low of $119.86 and a 12 month high of $237.16. The stock’s 50 day moving average is $196.72 and its 200-day moving average is $180.88.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 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 firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the firm posted $2.10 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities research analysts expect that Ralph Lauren Co. will post 11.71 EPS for the current year.

Ralph Lauren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren’s dividend payout ratio is currently 31.46%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Guggenheim raised their price target on Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Cfra set a $171.00 target price on shares of Ralph Lauren in a report on Thursday, October 17th. The Goldman Sachs Group increased their price target on shares of Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Wells Fargo & Company lifted their price objective on shares of Ralph Lauren from $195.00 to $205.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Finally, Barclays upped their target price on shares of Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Ralph Lauren currently has an average rating of “Moderate Buy” and a consensus target price of $223.90.

Ralph Lauren Profile

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.