Arrowstreet Capital Limited Partnership Sells 465,528 Shares of Ralph Lauren Co. (NYSE:RL)

Arrowstreet Capital Limited Partnership trimmed its stake in Ralph Lauren Co. (NYSE:RL - Free Report) by 89.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,733 shares of the textile maker's stock after selling 465,528 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.09% of Ralph Lauren worth $13,104,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in Ralph Lauren by 1,270.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker's stock valued at $32,000 after purchasing an additional 127 shares during the period. Jones Financial Companies Lllp boosted its position in Ralph Lauren by 281.1% during the fourth quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker's stock valued at $47,000 after acquiring an additional 149 shares during the last quarter. Versant Capital Management Inc boosted its position in Ralph Lauren by 333.3% during the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker's stock valued at $81,000 after acquiring an additional 270 shares during the last quarter. TD Private Client Wealth LLC boosted its position in Ralph Lauren by 19.6% during the fourth quarter. TD Private Client Wealth LLC now owns 446 shares of the textile maker's stock valued at $103,000 after acquiring an additional 73 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC bought a new stake in Ralph Lauren during the fourth quarter valued at $115,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Cowen reaffirmed a "buy" rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. Raymond James cut shares of Ralph Lauren from an "outperform" rating to a "market perform" rating in a research report on Monday, January 27th. Wells Fargo & Company raised shares of Ralph Lauren from an "equal weight" rating to an "overweight" rating and cut their price objective for the stock from $275.00 to $240.00 in a research report on Tuesday. Barclays increased their price objective on shares of Ralph Lauren from $257.00 to $310.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Ralph Lauren from $285.00 to $342.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $277.43.

Ralph Lauren Price Performance

NYSE:RL traded down $9.12 during trading hours on Thursday, hitting $199.25. The stock had a trading volume of 264,112 shares, compared to its average volume of 841,409. The company has a 50 day simple moving average of $241.63 and a two-hundred day simple moving average of $227.48. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31. Ralph Lauren Co. has a one year low of $155.96 and a one year high of $289.33. The firm has a market capitalization of $12.31 billion, a price-to-earnings ratio of 18.18, a P/E/G ratio of 1.73 and a beta of 1.38.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, beating the consensus estimate of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. Research analysts forecast that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Friday, March 28th. Ralph Lauren's payout ratio is presently 30.11%.

Ralph Lauren 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.