Landscape Capital Management L.L.C. cut its holdings in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 56.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,267 shares of the textile maker's stock after selling 18,866 shares during the period. Landscape Capital Management L.L.C.'s holdings in Ralph Lauren were worth $3,295,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. ExodusPoint Capital Management LP bought a new stake in Ralph Lauren during the 4th quarter valued at approximately $1,883,000. Geode Capital Management LLC boosted its holdings in shares of Ralph Lauren by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 968,776 shares of the textile maker's stock valued at $223,513,000 after buying an additional 19,264 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Ralph Lauren by 2.8% during the fourth quarter. Franklin Resources Inc. now owns 86,949 shares of the textile maker's stock valued at $20,083,000 after purchasing an additional 2,404 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Ralph Lauren by 4.3% during the fourth quarter. Alliancebernstein L.P. now owns 57,233 shares of the textile maker's stock valued at $13,220,000 after purchasing an additional 2,369 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. purchased a new position in shares of Ralph Lauren during the fourth quarter valued at approximately $404,000. Institutional investors own 67.91% of the company's stock.
Analysts Set New Price Targets
RL has been the subject of a number of analyst reports. Citigroup reduced their price objective on Ralph Lauren from $282.00 to $219.00 and set a "neutral" rating for the company in a research report on Monday. UBS Group raised their price target on Ralph Lauren from $332.00 to $348.00 and gave the company a "buy" rating in a report on Friday, February 7th. Raymond James downgraded shares of Ralph Lauren from an "outperform" rating to a "market perform" rating in a research report on Monday, January 27th. Barclays lifted their target price on shares of Ralph Lauren from $257.00 to $310.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Finally, Guggenheim increased their price target on shares of Ralph Lauren from $285.00 to $310.00 and gave the company a "buy" rating in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Ralph Lauren presently has an average rating of "Moderate Buy" and a consensus price target of $277.43.
Read Our Latest Analysis on RL
Ralph Lauren Stock Performance
Shares of RL traded down $1.78 during trading hours on Wednesday, hitting $180.56. The stock had a trading volume of 439,193 shares, compared to its average volume of 839,510. Ralph Lauren Co. has a 12 month low of $155.96 and a 12 month high of $289.33. The stock has a fifty day moving average price of $243.46 and a 200 day moving average price of $227.46. 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 firm has a market capitalization of $11.15 billion, a PE ratio of 16.48, a PEG ratio of 1.73 and a beta of 1.38.
Ralph Lauren (NYSE:RL - Get Free Report) last released its quarterly 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 net margin of 10.14% and a return on equity of 30.88%. Analysts anticipate that Ralph Lauren Co. will post 12.01 EPS for the current year.
Ralph Lauren Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Friday, March 28th. Ralph Lauren's payout ratio is 30.11%.
Ralph Lauren Profile
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Free Report)
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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