Amalgamated Bank Cuts Stock Holdings in Ralph Lauren Co. (NYSE:RL)

Amalgamated Bank trimmed its position in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 37.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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.

A number of other hedge funds have also recently made changes to their positions in RL. Vanguard Group Inc. lifted its stake in shares of Ralph Lauren by 4.3% in the first quarter. Vanguard Group Inc. now owns 4,908,575 shares of the textile maker's stock worth $921,634,000 after acquiring an additional 203,495 shares during the period. Boston Partners raised its stake in Ralph Lauren by 3.4% during the first 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 during the last quarter. Pacer Advisors Inc. lifted its holdings in Ralph Lauren by 12,493.8% in the second quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker's stock valued at $175,470,000 after buying an additional 994,385 shares during the period. AQR Capital Management LLC boosted its position in Ralph Lauren by 158.1% during the second quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker's stock valued at $149,478,000 after acquiring an additional 528,778 shares during the last quarter. Finally, Acadian Asset Management LLC grew 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 acquiring an additional 189,600 shares during the period. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Stock Up 0.6 %

NYSE RL traded up $1.33 during mid-day trading on Wednesday, hitting $210.92. The company's stock had a trading volume of 144,968 shares, compared to its average volume of 863,356. The company's 50 day simple moving average is $194.48 and its 200 day simple moving average is $180.04. Ralph Lauren Co. has a twelve month low of $117.07 and a twelve month high of $237.16. The company has a current ratio of 1.72, a quick ratio of 1.18 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $13.06 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 1.61 and a beta of 1.49.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its quarterly earnings results 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. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter last year, the firm posted $2.10 EPS. Ralph Lauren's revenue was up 5.7% compared to the same quarter last year. Analysts anticipate that Ralph Lauren Co. will post 11.71 earnings per share for the current year.

Ralph Lauren Announces Dividend

The company also recently disclosed 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 1.56%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren's dividend payout ratio is 31.46%.

Wall Street Analysts Forecast Growth

RL has been the topic of a number of recent analyst reports. Telsey Advisory Group reissued an "outperform" rating and issued a $207.00 price objective 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. The Goldman Sachs Group raised their price objective on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a "neutral" rating in a research report on Monday, October 21st. StockNews.com upgraded shares of Ralph Lauren from a "hold" rating to a "buy" rating in a research report on Friday, November 8th. Finally, TD Cowen raised their price target on shares of Ralph Lauren from $208.00 to $251.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Ralph Lauren currently has an average rating of "Moderate Buy" and a consensus target price of $223.90.

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.