Truvestments Capital LLC Sells 1,519 Shares of Ralph Lauren Co. (NYSE:RL)

Truvestments Capital LLC lowered its position in Ralph Lauren Co. (NYSE:RL) by 54.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,295 shares of the textile maker’s stock after selling 1,519 shares during the period. Truvestments Capital LLC’s holdings in Ralph Lauren were worth $243,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of RL. Quadrature Capital Ltd grew its holdings in Ralph Lauren by 160.3% during the 1st quarter. Quadrature Capital Ltd now owns 61,484 shares of the textile maker’s stock worth $11,542,000 after acquiring an additional 37,864 shares during the last quarter. EntryPoint Capital LLC acquired a new position in shares of Ralph Lauren during the first quarter worth approximately $63,000. Bessemer Group Inc. grew its stake in shares of Ralph Lauren by 708.2% during the first quarter. Bessemer Group Inc. now owns 9,020 shares of the textile maker’s stock valued at $1,694,000 after purchasing an additional 7,904 shares during the last quarter. UniSuper Management Pty Ltd increased its holdings in shares of Ralph Lauren by 891.9% in the first quarter. UniSuper Management Pty Ltd now owns 5,009 shares of the textile maker’s stock valued at $940,000 after purchasing an additional 4,504 shares in the last quarter. Finally, Seven Eight Capital LP raised its position in Ralph Lauren by 184.5% in the 1st quarter. Seven Eight Capital LP now owns 5,594 shares of the textile maker’s stock worth $1,050,000 after purchasing an additional 3,628 shares during the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on RL. Argus reiterated a “hold” rating on shares of Ralph Lauren in a report on Tuesday, July 2nd. Guggenheim reissued a “buy” rating and issued a $200.00 price target on shares of Ralph Lauren in a research note on Friday, May 24th. Jefferies Financial Group initiated coverage on Ralph Lauren in a research note on Tuesday, April 30th. They set a “buy” rating and a $195.00 price objective for the company. Wells Fargo & Company cut their target price on Ralph Lauren from $185.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, May 24th. Finally, UBS Group boosted their target price on Ralph Lauren from $244.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $170.42.

Ralph Lauren Stock Up 4.3 %

Shares of Ralph Lauren stock traded up $6.96 on Friday, hitting $168.10. The company had a trading volume of 554,928 shares, compared to its average volume of 791,525. Ralph Lauren Co. has a twelve month low of $108.60 and a twelve month high of $192.03. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.29 and a quick ratio of 1.68. The stock has a 50-day moving average of $176.54 and a 200-day moving average of $170.60. The firm has a market capitalization of $10.51 billion, a P/E ratio of 17.29, a P/E/G ratio of 1.32 and a beta of 1.51.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, May 23rd. The textile maker reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.06. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.57 billion. Ralph Lauren had a net margin of 9.75% and a return on equity of 27.90%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.90 EPS. Research analysts predict that Ralph Lauren Co. will post 11.09 earnings per share for the current year.

Ralph Lauren Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $3.30 dividend on an annualized basis and a yield of 1.96%. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.75. Ralph Lauren’s dividend payout ratio is 33.95%.

Insider Transactions at Ralph Lauren

In other news, COO Jane Nielsen sold 67,243 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $171.25, for a total transaction of $11,515,363.75. Following the completion of the transaction, the chief operating officer now directly owns 44,591 shares in the company, valued at approximately $7,636,208.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 11.50% of the company’s stock.

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