Los Angeles Capital Management LLC Has $23.73 Million Stock Position in Ralph Lauren Co. (NYSE:RL)

Los Angeles Capital Management LLC trimmed its stake in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 61.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 122,376 shares of the textile maker's stock after selling 198,028 shares during the quarter. Los Angeles Capital Management LLC owned about 0.20% of Ralph Lauren worth $23,725,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Pacer Advisors Inc. boosted its stake in shares of Ralph Lauren by 12,493.8% during the second quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker's stock valued at $175,470,000 after acquiring an additional 994,385 shares during the last quarter. AQR Capital Management LLC raised its holdings in Ralph Lauren by 158.1% in the second quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker's stock valued at $149,478,000 after buying an additional 528,778 shares during the period. Acadian Asset Management LLC lifted its position in Ralph Lauren by 15,903.6% during the first quarter. Acadian Asset Management LLC now owns 448,902 shares of the textile maker's stock valued at $84,266,000 after buying an additional 446,097 shares in the last quarter. Swedbank AB purchased a new position in shares of Ralph Lauren in the 1st quarter valued at $61,022,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Ralph Lauren by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 4,908,575 shares of the textile maker's stock valued at $921,634,000 after acquiring an additional 203,495 shares in the last quarter. Institutional investors and hedge funds own 67.91% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on RL. StockNews.com upgraded Ralph Lauren from a "hold" rating to a "buy" rating in a research note on Friday. Guggenheim increased their target price on Ralph Lauren from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, October 28th. UBS Group upped their price target on shares of Ralph Lauren from $287.00 to $300.00 and gave the company a "buy" rating in a report on Friday. Cfra set a $171.00 price objective on Ralph Lauren in a research note on Thursday, October 17th. Finally, Barclays boosted their price target on Ralph Lauren from $200.00 to $257.00 and gave the company an "overweight" rating in a report on Friday. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $223.90.

Ralph Lauren Price Performance

Shares of RL traded down $8.71 during midday trading on Monday, reaching $213.87. The stock had a trading volume of 815,871 shares, compared to its average volume of 866,642. The firm's 50 day moving average price is $193.77 and its 200-day moving average price is $179.74. The company has a market capitalization of $13.25 billion, a P/E ratio of 20.39, a P/E/G ratio of 1.76 and a beta of 1.49. Ralph Lauren Co. has a 52 week low of $113.92 and a 52 week high of $237.16. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.53.

Ralph Lauren (NYSE:RL - Get Free Report) last released its earnings results on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, beating the consensus estimate of $2.43 by $0.11. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The business's quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.10 earnings per share. On average, analysts forecast that Ralph Lauren Co. will post 11.59 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Friday, September 27th. Ralph Lauren's dividend payout ratio (DPR) is presently 31.46%.

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.