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

Boston Common Asset Management LLC reduced its position in Ralph Lauren Co. (NYSE:RL) by 13.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,545 shares of the textile maker’s stock after selling 6,715 shares during the quarter. Boston Common Asset Management LLC owned approximately 0.07% of Ralph Lauren worth $10,058,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Huntington National Bank raised its stake in Ralph Lauren by 86.6% during the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after acquiring an additional 103 shares in the last quarter. True Wealth Design LLC increased its stake in shares of Ralph Lauren by 8,933.3% in the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock valued at $53,000 after buying an additional 268 shares in the last quarter. AM Squared Ltd acquired a new stake in shares of Ralph Lauren in the third quarter valued at $58,000. Quent Capital LLC increased its stake in shares of Ralph Lauren by 181.7% in the third quarter. Quent Capital LLC now owns 400 shares of the textile maker’s stock valued at $78,000 after buying an additional 258 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in Ralph Lauren by 333.3% in the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock worth $81,000 after purchasing an additional 270 shares during the period. 67.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on RL. Guggenheim lifted their price objective on Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. The Goldman Sachs Group lifted their price objective on Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a report on Monday, October 21st. StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Barclays lifted their price objective on Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Finally, Cfra set a $171.00 price objective on Ralph Lauren in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $228.09.

Ralph Lauren Trading Up 1.1 %

Shares of RL stock opened at $240.31 on Friday. The stock has a market cap of $14.92 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 1.76 and a beta of 1.49. The stock has a 50-day moving average of $227.05 and a 200-day moving average of $197.40. 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 1-year low of $134.90 and a 1-year high of $245.92.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.11. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.10 earnings per share. On average, equities research analysts forecast that Ralph Lauren Co. will post 11.75 earnings per share for the current year.

Ralph Lauren Announces Dividend

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

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.