Ralph Lauren Co. (NYSE:RL) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its stake in Ralph Lauren Co. (NYSE:RL - Free Report) by 37.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,977 shares of the textile maker's stock after selling 7,671 shares during the period. Nisa Investment Advisors LLC's holdings in Ralph Lauren were worth $2,527,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of RL. Family Firm Inc. acquired a new stake in Ralph Lauren in the 2nd quarter worth approximately $30,000. Gladius Capital Management LP acquired a new stake in Ralph Lauren during the 2nd quarter valued at approximately $31,000. Versant Capital Management Inc lifted its stake in Ralph Lauren by 1,775.0% during the 2nd quarter. Versant Capital Management Inc now owns 225 shares of the textile maker's stock valued at $39,000 after acquiring an additional 213 shares during the period. Fidelis Capital Partners LLC acquired a new stake in Ralph Lauren during the 1st quarter valued at approximately $42,000. Finally, EntryPoint Capital LLC acquired a new stake in Ralph Lauren during the 1st quarter valued at approximately $63,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Ralph Lauren Stock Performance

Shares of RL traded down $0.27 during midday trading on Friday, reaching $197.66. 530,879 shares of the stock were exchanged, compared to its average volume of 519,847. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.53. Ralph Lauren Co. has a twelve month low of $111.30 and a twelve month high of $207.06. The business's 50-day moving average price is $188.90 and its 200 day moving average price is $177.58. The company has a market capitalization of $12.24 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 1.62 and a beta of 1.49.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.25. The firm had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.49 billion. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.34 EPS. On average, sell-side analysts expect that Ralph Lauren Co. will post 11.26 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $3.30 annualized dividend and a yield of 1.67%. Ralph Lauren's payout ratio is currently 31.82%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Wells Fargo & Company lifted their price objective on shares of Ralph Lauren from $195.00 to $205.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 23rd. Telsey Advisory Group restated an "outperform" rating and set a $207.00 price objective on shares of Ralph Lauren in a research note on Thursday, September 26th. StockNews.com lowered shares of Ralph Lauren from a "buy" rating to a "hold" rating in a report on Tuesday, October 22nd. Cfra set a $171.00 target price on shares of Ralph Lauren in a report on Thursday, October 17th. Finally, The Goldman Sachs Group lifted their target price on shares of Ralph Lauren from $171.00 to $193.00 and gave the company a "neutral" rating in a report on Monday, October 21st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Ralph Lauren presently has a consensus rating of "Moderate Buy" and an average target price of $194.36.

About Ralph Lauren

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.