Bank of New York Mellon Corp Has $94.12 Million Holdings in Ralph Lauren Co. (NYSE:RL)

Bank of New York Mellon Corp cut its position in Ralph Lauren Co. (NYSE:RL - Free Report) by 3.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 407,490 shares of the textile maker's stock after selling 15,096 shares during the quarter. Bank of New York Mellon Corp owned about 0.66% of Ralph Lauren worth $94,122,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. raised its position in shares of Ralph Lauren by 4.1% in the fourth quarter. Mather Group LLC. now owns 1,182 shares of the textile maker's stock valued at $273,000 after buying an additional 47 shares in the last quarter. M&T Bank Corp raised its holdings in Ralph Lauren by 3.4% in the 3rd quarter. M&T Bank Corp now owns 1,657 shares of the textile maker's stock valued at $321,000 after acquiring an additional 55 shares in the last quarter. Simmons Bank grew its holdings in shares of Ralph Lauren by 2.3% during the 3rd quarter. Simmons Bank now owns 2,703 shares of the textile maker's stock worth $524,000 after purchasing an additional 62 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in Ralph Lauren by 6.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,005 shares of the textile maker's stock valued at $231,000 after buying an additional 62 shares during the period. Finally, Commerce Bank increased its stake in Ralph Lauren by 1.2% in the third quarter. Commerce Bank now owns 5,687 shares of the textile maker's stock valued at $1,103,000 after acquiring an additional 66 shares during the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Trading Down 3.3 %

Shares of NYSE RL traded down $9.00 during trading on Monday, reaching $262.14. The company had a trading volume of 806,255 shares, compared to its average volume of 778,331. Ralph Lauren Co. has a 12 month low of $155.96 and a 12 month high of $289.33. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. The stock has a market cap of $16.19 billion, a P/E ratio of 23.92, a PEG ratio of 1.73 and a beta of 1.49. The company's fifty day moving average price is $253.49 and its 200-day moving average price is $218.25.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its 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 return on equity of 30.88% and a net margin of 10.14%. As a group, research analysts expect that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Friday, December 27th. Ralph Lauren's dividend payout ratio is presently 30.11%.

Wall Street Analyst Weigh In

Several brokerages have commented on RL. Argus raised Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 target price for the company in a research note on Tuesday, December 31st. Cowen reiterated a "buy" rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. Telsey Advisory Group restated an "outperform" rating and issued a $265.00 target price on shares of Ralph Lauren in a research report on Tuesday, February 4th. UBS Group upped their price target on shares of Ralph Lauren from $332.00 to $348.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, BNP Paribas upgraded Ralph Lauren to a "strong-buy" rating in a research note on Thursday, January 23rd. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $284.15.

Ralph Lauren Company 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.