Dana Investment Advisors Inc. Reduces Position in Ralph Lauren Co. (NYSE:RL)

Dana Investment Advisors Inc. lessened its stake in Ralph Lauren Co. (NYSE:RL - Free Report) by 11.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,532 shares of the textile maker's stock after selling 2,045 shares during the period. Dana Investment Advisors Inc.'s holdings in Ralph Lauren were worth $3,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in RL. Lord Abbett & CO. LLC acquired a new position in shares of Ralph Lauren during the third quarter worth $94,831,000. Pacer Advisors Inc. increased its position in Ralph Lauren by 13.7% during the 3rd quarter. Pacer Advisors Inc. now owns 1,139,975 shares of the textile maker's stock valued at $221,007,000 after buying an additional 137,631 shares in the last quarter. World Investment Advisors LLC purchased a new stake in Ralph Lauren in the third quarter valued at about $19,320,000. Atreides Management LP boosted its holdings in Ralph Lauren by 28.3% in the third quarter. Atreides Management LP now owns 377,481 shares of the textile maker's stock worth $73,182,000 after acquiring an additional 83,349 shares in the last quarter. Finally, Holocene Advisors LP grew its stake in shares of Ralph Lauren by 10.2% during the third quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker's stock worth $162,714,000 after acquiring an additional 78,008 shares during the last quarter. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Price Performance

NYSE RL traded down $5.83 on Friday, hitting $232.51. The company 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. The company's fifty day moving average price is $255.02 and its 200-day moving average price is $219.91. The company has a market capitalization of $14.36 billion, a PE ratio of 21.21, a PEG ratio of 1.73 and a beta of 1.50. Ralph Lauren Co. has a 12-month low of $155.96 and a 12-month high of $289.33.

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

Ralph Lauren Announces Dividend

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

Analyst Ratings Changes

RL has been the subject of several research analyst reports. Argus raised shares of Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 price objective for the company in a research report on Tuesday, December 31st. Raymond James cut shares of Ralph Lauren from an "outperform" rating to a "market perform" rating in a report on Monday, January 27th. The Goldman Sachs Group boosted their price objective on shares of Ralph Lauren from $220.00 to $280.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Telsey Advisory Group reissued an "outperform" rating and issued a $265.00 target price on shares of Ralph Lauren in a research report on Tuesday, February 4th. Finally, Needham & Company LLC assumed coverage on Ralph Lauren in a research report on Wednesday, February 12th. They set a "buy" rating and a $310.00 price target for the company. Three 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. According to data from MarketBeat, the stock has a consensus 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.