Commerce Bank Sells 2,520 Shares of Ralph Lauren Co. (NYSE:RL)

Commerce Bank reduced its position in Ralph Lauren Co. (NYSE:RL - Free Report) by 44.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,167 shares of the textile maker's stock after selling 2,520 shares during the quarter. Commerce Bank's holdings in Ralph Lauren were worth $732,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in shares of Ralph Lauren by 1,270.0% in the 4th 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 raised its holdings in Ralph Lauren by 281.1% in the fourth 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 raised its holdings in Ralph Lauren by 22,500.0% in the fourth quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker's stock worth $52,000 after purchasing an additional 225 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new stake in shares of Ralph Lauren in the 4th quarter valued at about $63,000. Finally, Versant Capital Management Inc grew its position in shares of Ralph Lauren by 333.3% in the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker's stock worth $81,000 after buying an additional 270 shares during the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on RL shares. UBS Group increased their target price on shares of Ralph Lauren from $332.00 to $348.00 and gave the company a "buy" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. increased their price objective on Ralph Lauren from $285.00 to $342.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Raymond James downgraded Ralph Lauren from an "outperform" rating to a "market perform" rating in a research note on Monday, January 27th. The Goldman Sachs Group upgraded Ralph Lauren from a "neutral" rating to a "buy" rating and increased their price target for the company from $280.00 to $286.00 in a research note on Tuesday, March 18th. Finally, Cowen restated a "buy" rating on shares of Ralph Lauren in a report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $277.43.

Ralph Lauren Stock Up 2.7 %

Shares of NYSE:RL opened at $209.59 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31. The stock has a market cap of $12.94 billion, a P/E ratio of 19.12, a P/E/G 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 firm has a fifty day moving average price of $230.60 and a 200 day moving average price of $228.06.

Ralph Lauren (NYSE:RL - Get Free Report) last released its earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts predict that Ralph Lauren Co. will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.57%. The ex-dividend date was Friday, March 28th. Ralph Lauren's payout ratio is currently 30.11%.

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.

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