National Bank of Canada FI Sells 1,560 Shares of Ralph Lauren Co. (NYSE:RL)

National Bank of Canada FI lowered its position in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,765 shares of the textile maker's stock after selling 1,560 shares during the period. National Bank of Canada FI's holdings in Ralph Lauren were worth $4,334,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Burney Co. bought a new stake in Ralph Lauren in the fourth quarter worth $5,711,000. Citizens Financial Group Inc. RI purchased a new stake in Ralph Lauren during the 4th quarter valued at about $3,014,000. Amundi boosted its holdings in Ralph Lauren by 8.3% during the 4th quarter. Amundi now owns 195,208 shares of the textile maker's stock valued at $47,444,000 after acquiring an additional 14,889 shares during the period. Keystone Investors PTE Ltd. bought a new position in Ralph Lauren during the 4th quarter worth approximately $2,264,000. Finally, CWA Asset Management Group LLC increased its stake in Ralph Lauren by 31.9% in 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 period. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Ralph Lauren Stock Up 1.7 %

Ralph Lauren stock traded up $3.22 on Friday, hitting $197.89. 975,330 shares of the stock traded hands, compared to its average volume of 847,618. Ralph Lauren Co. has a 1 year low of $155.96 and a 1 year high of $289.33. The firm has a market cap of $12.22 billion, a P/E ratio of 18.06, a price-to-earnings-growth ratio of 1.73 and a beta of 1.38. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. The business's fifty day simple moving average is $239.60 and its 200 day simple moving average is $227.56.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, topping 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%. As a group, sell-side analysts forecast 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, April 11th. Investors of record on Friday, March 28th were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Friday, March 28th. Ralph Lauren's dividend payout ratio (DPR) is presently 30.11%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on RL shares. TD Cowen raised their target price on shares of Ralph Lauren from $258.00 to $268.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Citigroup cut their price target on shares of Ralph Lauren from $282.00 to $219.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. BNP Paribas raised shares of Ralph Lauren to a "strong-buy" rating in a research note on Thursday, January 23rd. Raymond James cut Ralph Lauren from an "outperform" rating to a "market perform" rating in a research note on Monday, January 27th. Finally, The Goldman Sachs Group raised Ralph Lauren from a "neutral" rating to a "buy" rating and upped their price target for the company from $280.00 to $286.00 in a research report on Tuesday, March 18th. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $277.43.

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.