Boston Common Asset Management LLC Has $9.74 Million Stock Position in Ralph Lauren Co. (NYSE:RL)

Boston Common Asset Management LLC reduced its position in shares of Ralph Lauren Co. (NYSE:RL) by 1.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,260 shares of the textile maker’s stock after selling 552 shares during the period. Boston Common Asset Management LLC owned 0.08% of Ralph Lauren worth $9,744,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Family Firm Inc. bought a new stake in Ralph Lauren during the 2nd quarter valued at $30,000. Gladius Capital Management LP purchased a new stake in shares of Ralph Lauren in the 2nd quarter worth about $31,000. Fidelis Capital Partners LLC purchased a new stake in shares of Ralph Lauren in the 1st quarter worth about $42,000. Versant Capital Management Inc grew its position in shares of Ralph Lauren by 1,775.0% in the 2nd quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after buying an additional 213 shares during the period. Finally, EntryPoint Capital LLC purchased a new stake in shares of Ralph Lauren in the 1st quarter worth about $63,000. 67.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Argus reaffirmed a “hold” rating on shares of Ralph Lauren in a report on Tuesday, July 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $207.00 price target on shares of Ralph Lauren in a report on Thursday, September 26th. StockNews.com raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Friday. Wells Fargo & Company increased their price objective on shares of Ralph Lauren from $175.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 26th. Finally, TD Cowen increased 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. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Ralph Lauren has an average rating of “Moderate Buy” and an average price target of $189.00.

Ralph Lauren Price Performance

Shares of NYSE RL opened at $199.12 on Friday. Ralph Lauren Co. has a 12 month low of $108.60 and a 12 month high of $200.17. The stock has a market capitalization of $12.33 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 1.60 and a beta of 1.49. The firm’s 50 day simple moving average is $177.07 and its 200-day simple moving average is $174.53. 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 issued its quarterly earnings data on Wednesday, August 7th. The textile maker reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.25. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.49 billion. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the company earned $2.34 EPS. Analysts expect that Ralph Lauren Co. will post 11.23 EPS for the current year.

Ralph Lauren Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.66%. The ex-dividend date is Friday, September 27th. Ralph Lauren’s dividend payout ratio is currently 31.82%.

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.