Bank of Montreal Can Reduces Position in Ralph Lauren Co. (NYSE:RL)

Bank of Montreal Can cut its position in Ralph Lauren Co. (NYSE:RL - Free Report) by 42.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,834 shares of the textile maker's stock after selling 24,522 shares during the quarter. Bank of Montreal Can owned 0.05% of Ralph Lauren worth $7,815,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its stake in shares of Ralph Lauren by 1,270.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker's stock worth $32,000 after acquiring an additional 127 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Ralph Lauren by 281.1% during the 4th quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker's stock worth $47,000 after purchasing an additional 149 shares in the last quarter. Pinpoint Asset Management Ltd increased its holdings in Ralph Lauren by 22,500.0% during the 4th quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker's stock worth $52,000 after purchasing an additional 225 shares during the period. Resona Asset Management Co. Ltd. purchased a new stake in Ralph Lauren during the 4th quarter worth about $63,000. Finally, Versant Capital Management Inc raised its position in Ralph Lauren by 333.3% in the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker's stock valued at $81,000 after purchasing an additional 270 shares in the last quarter. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Ralph Lauren Stock Performance

RL traded up $4.46 during trading on Friday, hitting $206.51. 726,406 shares of the stock were exchanged, compared to its average volume of 845,912. The firm has a market capitalization of $12.75 billion, a P/E ratio of 18.84, a PEG ratio of 1.73 and a beta of 1.38. Ralph Lauren Co. has a 1-year low of $155.96 and a 1-year high of $289.33. The stock has a fifty day moving average price of $234.67 and a two-hundred day moving average price of $227.55. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39.

Ralph Lauren (NYSE:RL - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. As a group, sell-side analysts predict that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Friday, March 28th. Ralph Lauren's dividend payout ratio (DPR) is currently 30.11%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on RL shares. UBS Group upped their target price on shares of Ralph Lauren from $332.00 to $348.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Needham & Company LLC initiated coverage on shares of Ralph Lauren in a research report on Wednesday, February 12th. They issued a "buy" rating and a $310.00 price objective on the stock. Wells Fargo & Company raised shares of Ralph Lauren from an "equal weight" rating to an "overweight" rating and decreased their price objective for the stock from $275.00 to $240.00 in a research report on Tuesday, April 8th. Raymond James downgraded shares of Ralph Lauren from an "outperform" rating to a "market perform" rating in a research note on Monday, January 27th. Finally, BNP Paribas raised Ralph Lauren to a "strong-buy" rating in a report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $277.43.

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.