Northwestern Mutual Wealth Management Co. Sells 84 Shares of Ralph Lauren Co. (NYSE:RL)

Northwestern Mutual Wealth Management Co. reduced its position in shares of Ralph Lauren Co. (NYSE:RL) by 17.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 411 shares of the textile maker’s stock after selling 84 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Ralph Lauren were worth $72,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. QRG Capital Management Inc. boosted its stake in shares of Ralph Lauren by 2.8% during the first quarter. QRG Capital Management Inc. now owns 2,378 shares of the textile maker’s stock valued at $447,000 after purchasing an additional 65 shares in the last quarter. Oak Thistle LLC boosted its position in Ralph Lauren by 6.2% during the 2nd quarter. Oak Thistle LLC now owns 1,236 shares of the textile maker’s stock valued at $216,000 after acquiring an additional 72 shares in the last quarter. Mather Group LLC. increased its holdings in shares of Ralph Lauren by 26.3% in the 2nd quarter. Mather Group LLC. now owns 432 shares of the textile maker’s stock valued at $81,000 after acquiring an additional 90 shares during the period. Atomi Financial Group Inc. lifted its stake in shares of Ralph Lauren by 8.4% during the 2nd quarter. Atomi Financial Group Inc. now owns 1,156 shares of the textile maker’s stock worth $202,000 after purchasing an additional 90 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in Ralph Lauren by 6.0% during the second quarter. Fifth Third Bancorp now owns 1,752 shares of the textile maker’s stock valued at $307,000 after purchasing an additional 99 shares in the last quarter. 67.91% of the stock is owned by institutional investors.

Ralph Lauren Stock Up 1.4 %

RL stock opened at $201.89 on Friday. The company has a market capitalization of $12.62 billion, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 1.60 and a beta of 1.49. Ralph Lauren Co. has a 12 month low of $108.60 and a 12 month high of $202.89. The firm’s fifty day simple moving average is $177.82 and its 200-day simple moving average is $174.60. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.53.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Wednesday, August 7th. The textile maker reported $2.70 EPS for the quarter, beating the consensus estimate of $2.45 by $0.25. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.34 earnings per share. As a group, equities research analysts forecast that Ralph Lauren Co. will post 11.23 earnings per share for the current year.

Ralph Lauren Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.63%. The ex-dividend date was Friday, September 27th. Ralph Lauren’s dividend payout ratio is currently 33.95%.

Wall Street Analyst Weigh In

Several research firms recently commented on RL. TD Cowen boosted their price objective on shares of Ralph Lauren from $193.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Friday. Telsey Advisory Group reiterated an “outperform” rating and issued a $207.00 price target on shares of Ralph Lauren in a research note on Thursday, September 26th. Barclays boosted their price target on Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Finally, Argus reissued a “hold” rating on shares of Ralph Lauren in a research report on Tuesday, July 2nd. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $189.00.

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.