Ralph Lauren Co. (NYSE:RL) Shares Sold by Cypress Capital Group

Cypress Capital Group trimmed its stake in Ralph Lauren Co. (NYSE:RL - Free Report) by 22.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,176 shares of the textile maker's stock after selling 1,477 shares during the period. Cypress Capital Group's holdings in Ralph Lauren were worth $1,196,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Burney Co. purchased a new position in shares of Ralph Lauren in the 4th quarter valued at $5,711,000. Charles Schwab Investment Management Inc. grew its position in Ralph Lauren by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker's stock worth $95,537,000 after purchasing an additional 13,640 shares during the last quarter. Bridgewater Associates LP grew its position in Ralph Lauren by 145.8% during the 3rd quarter. Bridgewater Associates LP now owns 59,927 shares of the textile maker's stock worth $11,618,000 after purchasing an additional 35,550 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Ralph Lauren during the 3rd quarter worth $1,819,000. Finally, CWA Asset Management Group LLC grew its position in Ralph Lauren by 31.9% during the 4th quarter. CWA Asset Management Group LLC now owns 11,913 shares of the textile maker's stock worth $2,752,000 after purchasing an additional 2,880 shares during the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Stock Performance

Shares of RL stock traded down $5.83 during mid-day trading on Friday, hitting $232.51. The stock had a trading volume of 1,003,781 shares, compared to its average volume of 779,896. 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 fifty-two week low of $155.96 and a fifty-two week high of $289.33. The company's 50-day simple moving average is $255.02 and its 200-day simple moving average is $219.91. The firm has a market cap of $14.36 billion, a PE ratio of 21.21, a PEG ratio of 1.73 and a beta of 1.50.

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Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly earnings data 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%. Sell-side analysts anticipate that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Friday, December 27th. Ralph Lauren's dividend payout ratio (DPR) is 30.11%.

Analysts Set New Price Targets

RL has been the topic of several research reports. JPMorgan Chase & Co. raised 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. Wells Fargo & Company raised their price objective on shares of Ralph Lauren from $225.00 to $275.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. UBS Group raised their price objective on shares of Ralph Lauren from $332.00 to $348.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Barclays raised 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, TD Cowen raised their price objective on shares of Ralph Lauren from $258.00 to $268.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Ralph Lauren presently has an average rating of "Moderate Buy" and a consensus price target 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.