Impact Partnership Wealth LLC Sells 205 Shares of Ralph Lauren Co. (NYSE:RL)

Impact Partnership Wealth LLC lessened its stake in Ralph Lauren Co. (NYSE:RL) by 13.5% in the 4th quarter, HoldingsChannel reports. The fund owned 1,316 shares of the textile maker’s stock after selling 205 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Ralph Lauren were worth $304,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Lord Abbett & CO. LLC bought a new position in Ralph Lauren in the 3rd quarter worth approximately $94,831,000. Pacer Advisors Inc. increased its stake in shares of Ralph Lauren by 13.7% in the 3rd quarter. Pacer Advisors Inc. now owns 1,139,975 shares of the textile maker’s stock valued at $221,007,000 after buying an additional 137,631 shares during the period. Teachers Retirement System of The State of Kentucky raised its position in shares of Ralph Lauren by 3,520.3% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 120,231 shares of the textile maker’s stock worth $21,047,000 after acquiring an additional 116,910 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of Ralph Lauren during the third quarter valued at $19,320,000. Finally, Atreides Management LP boosted its holdings in Ralph Lauren by 28.3% in the third quarter. Atreides Management LP now owns 377,481 shares of the textile maker’s stock valued at $73,182,000 after acquiring an additional 83,349 shares during the last quarter. 67.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RL has been the topic of a number of research reports. Guggenheim upped their target price on shares of Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, October 28th. UBS Group increased their price objective on shares of Ralph Lauren from $287.00 to $300.00 and gave the company a “buy” rating in a report on Friday, November 8th. Argus raised shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 target price for the company in a report on Tuesday, December 31st. Cfra set a $171.00 price target on Ralph Lauren in a research note on Thursday, October 17th. Finally, TD Cowen lifted their price objective on Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $228.09.

Ralph Lauren Stock Performance

RL stock opened at $256.17 on Friday. Ralph Lauren Co. has a 1-year low of $139.49 and a 1-year high of $257.41. The business’s 50-day moving average price is $231.00 and its two-hundred day moving average price is $200.19. The firm has a market cap of $15.91 billion, a PE ratio of 24.42, a P/E/G ratio of 1.85 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 (NYSE:RL) last issued its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.11. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. Ralph Lauren’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.10 EPS. As a group, research analysts forecast that Ralph Lauren Co. will post 11.75 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were issued a dividend of $0.825 per share. 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 1.29%. Ralph Lauren’s payout ratio is 31.46%.

Ralph Lauren Company 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.