Gateway Investment Advisers LLC reduced its holdings in shares of Ralph Lauren Corp (NYSE:RL) by 4.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,370 shares of the textile maker’s stock after selling 115 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Ralph Lauren were worth $307,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Ralph Lauren during the 4th quarter worth approximately $26,000. Oregon Public Employees Retirement Fund boosted its holdings in shares of Ralph Lauren by 11,845.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,726,585 shares of the textile maker’s stock valued at $26,000 after buying an additional 2,703,760 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Ralph Lauren by 44.4% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 299 shares of the textile maker’s stock valued at $31,000 after buying an additional 92 shares during the last quarter. Liberty Wealth Management LLC acquired a new stake in shares of Ralph Lauren in the 4th quarter valued at approximately $33,000. Finally, CSat Investment Advisory L.P. boosted its holdings in shares of Ralph Lauren by 97.3% in the 4th quarter. CSat Investment Advisory L.P. now owns 436 shares of the textile maker’s stock valued at $45,000 after buying an additional 215 shares during the last quarter. 66.71% of the stock is owned by institutional investors.

In other Ralph Lauren news, Director Joyce F. Brown sold 2,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $126.00, for a total transaction of $252,000.00. Following the completion of the sale, the director now owns 7,278 shares of the company’s stock, valued at approximately $917,028. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Valerie Hermann sold 10,400 shares of the firm’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $126.15, for a total value of $1,311,960.00. Following the sale, the insider now directly owns 38,340 shares of the company’s stock, valued at approximately $4,836,591. The disclosure for this sale can be found here. Company insiders own 32.49% of the company’s stock.

Shares of Ralph Lauren stock opened at $131.10 on Friday. Ralph Lauren Corp has a 1 year low of $95.63 and a 1 year high of $147.79. The firm has a market cap of $10.31 billion, a price-to-earnings ratio of 21.74, a price-to-earnings-growth ratio of 1.62 and a beta of 0.69. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.90 and a quick ratio of 2.18.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Tuesday, February 5th. The textile maker reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.17. Ralph Lauren had a return on equity of 16.85% and a net margin of 6.95%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the firm posted $2.03 EPS. The company’s quarterly revenue was up 5.1% on a year-over-year basis. On average, sell-side analysts forecast that Ralph Lauren Corp will post 7.04 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Thursday, March 28th. Ralph Lauren’s dividend payout ratio is 41.46%.

RL has been the subject of several recent analyst reports. Piper Jaffray Companies set a $106.00 price objective on Ralph Lauren and gave the company a “hold” rating in a report on Monday, December 31st. Wells Fargo & Co cut their price objective on Ralph Lauren from $130.00 to $125.00 and set a “market perform” rating for the company in a report on Wednesday, January 2nd. UBS Group raised Ralph Lauren from a “sell” rating to a “neutral” rating in a report on Monday, January 7th. Zacks Investment Research downgraded Ralph Lauren from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. Finally, Buckingham Research raised Ralph Lauren from a “neutral” rating to a “buy” rating in a report on Wednesday, January 9th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. Ralph Lauren presently has a consensus rating of “Hold” and a consensus price target of $136.00.

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About Ralph Lauren

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. It offers apparel, including a range of men's, women's, and children's clothing accessories, which comprise footwear, eyewear, watches, fashion and fine jewelry, hats, gloves, umbrellas, belts, and leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, tabletops, floorcoverings, and giftware; and fragrances.

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Institutional Ownership by Quarter for Ralph Lauren (NYSE:RL)

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