Amalgamated Bank Has $1.52 Million Stock Holdings in Ralph Lauren Co. (NYSE:RL)

Amalgamated Bank decreased its position in shares of Ralph Lauren Co. (NYSE:RL) by 37.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,824 shares of the textile maker’s stock after selling 4,767 shares during the quarter. Amalgamated Bank’s holdings in Ralph Lauren were worth $1,517,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Ralph Lauren by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 4,908,575 shares of the textile maker’s stock worth $921,634,000 after buying an additional 203,495 shares in the last quarter. Boston Partners lifted its holdings in Ralph Lauren by 3.4% during the 1st quarter. Boston Partners now owns 1,255,482 shares of the textile maker’s stock worth $235,662,000 after buying an additional 41,482 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Ralph Lauren by 12,493.8% during the 2nd quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker’s stock worth $175,470,000 after buying an additional 994,385 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Ralph Lauren by 158.1% during the 2nd quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock worth $149,478,000 after buying an additional 528,778 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in Ralph Lauren by 42.2% during the 2nd quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker’s stock worth $111,760,000 after buying an additional 189,600 shares in the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RL. TD Cowen increased their price target on Ralph Lauren from $208.00 to $251.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Barclays increased their price target on Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Telsey Advisory Group reissued an “outperform” rating and issued a $207.00 price target on shares of Ralph Lauren in a research note on Thursday, November 7th. Cfra set a $171.00 price target on Ralph Lauren in a research note on Thursday, October 17th. Finally, The Goldman Sachs Group increased their price target on Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $223.90.

Ralph Lauren Stock Performance

Shares of Ralph Lauren stock opened at $209.59 on Wednesday. The company has a market capitalization of $12.98 billion, a PE ratio of 19.98, a PEG ratio of 1.76 and a beta of 1.49. Ralph Lauren Co. has a 12 month low of $113.92 and a 12 month high of $237.16. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.40. The stock’s fifty day simple moving average is $194.48 and its 200 day simple moving average is $180.04.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.10 EPS. On average, research analysts predict that Ralph Lauren Co. will post 11.59 EPS for the current year.

Ralph Lauren Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Friday, September 27th. Ralph Lauren’s dividend payout ratio (DPR) is presently 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.