Crossmark Global Holdings Inc. Lowers Position in Ralph Lauren Co. (NYSE:RL)

Crossmark Global Holdings Inc. lowered its stake in shares of Ralph Lauren Co. (NYSE:RL) by 11.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,906 shares of the textile maker’s stock after selling 2,489 shares during the period. Crossmark Global Holdings Inc.’s holdings in Ralph Lauren were worth $4,598,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Huntington National Bank increased its position in Ralph Lauren by 86.6% during the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after purchasing an additional 103 shares in the last quarter. True Wealth Design LLC boosted its position 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 worth $53,000 after buying an additional 268 shares during the period. AM Squared Ltd purchased a new position in Ralph Lauren in the 3rd quarter valued at about $58,000. Quent Capital LLC grew its stake in shares of Ralph Lauren by 181.7% during the third quarter. Quent Capital LLC now owns 400 shares of the textile maker’s stock valued at $78,000 after acquiring an additional 258 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of 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 acquiring an additional 270 shares in the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Cfra set a $171.00 target price on shares of Ralph Lauren in a research report on Thursday, October 17th. 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 research note on Friday, November 8th. Raymond James lifted their price target on Ralph Lauren from $215.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $207.00 price objective on shares of Ralph Lauren in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $228.09.

Ralph Lauren Trading Up 1.2 %

Shares of NYSE:RL opened at $250.60 on Thursday. Ralph Lauren Co. has a twelve month low of $138.21 and a twelve month high of $250.95. The company has a current ratio of 1.72, a quick ratio of 1.18 and a debt-to-equity ratio of 0.40. The firm has a market cap of $15.56 billion, a P/E ratio of 23.89, a P/E/G ratio of 1.78 and a beta of 1.49. The company has a 50 day moving average of $229.15 and a 200-day moving average of $199.24.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the firm posted $2.10 earnings per share. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, analysts anticipate that Ralph Lauren Co. will post 11.75 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors 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 dividend on an annualized basis and a dividend yield of 1.32%. 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.