Ralph Lauren Co. (NYSE:RL) Shares Sold by HS Management Partners LLC

HS Management Partners LLC decreased its stake in Ralph Lauren Co. (NYSE:RL - Free Report) by 1.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 306,879 shares of the textile maker's stock after selling 3,700 shares during the quarter. Ralph Lauren comprises 3.8% of HS Management Partners LLC's portfolio, making the stock its 16th biggest holding. HS Management Partners LLC owned about 0.50% of Ralph Lauren worth $59,495,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Family Firm Inc. purchased a new stake in shares of Ralph Lauren in the second quarter valued at approximately $30,000. Gladius Capital Management LP bought a new stake in shares of Ralph Lauren in the 2nd quarter valued at about $31,000. Fidelis Capital Partners LLC acquired a new stake in Ralph Lauren in the first quarter valued at approximately $42,000. Versant Capital Management Inc increased its position in shares of Ralph Lauren by 1,775.0% during the second quarter. Versant Capital Management Inc now owns 225 shares of the textile maker's stock worth $39,000 after purchasing an additional 213 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in shares of Ralph Lauren in the 1st quarter worth $63,000. Institutional investors own 67.91% of the company's stock.

Ralph Lauren Trading Up 1.1 %

Shares of RL stock traded up $2.23 during trading on Monday, hitting $199.89. 532,404 shares of the stock traded hands, compared to its average volume of 860,823. The firm has a market capitalization of $12.38 billion, a P/E ratio of 19.40, a price-to-earnings-growth ratio of 1.62 and a beta of 1.49. Ralph Lauren Co. has a 52-week low of $111.94 and a 52-week high of $207.06. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.53. The firm's fifty day moving average price is $188.90 and its 200-day moving average price is $177.71.

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

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a $0.825 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $3.30 annualized dividend and a dividend yield of 1.65%. Ralph Lauren's dividend payout ratio is presently 31.82%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Telsey Advisory Group reissued an "outperform" rating and set a $207.00 target price on shares of Ralph Lauren in a research report on Thursday, September 26th. StockNews.com cut Ralph Lauren from a "buy" rating to a "hold" rating in a research report on Tuesday, October 22nd. Barclays lifted their price objective on shares of Ralph Lauren from $195.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, August 8th. Wells Fargo & Company raised their price objective on Ralph Lauren from $195.00 to $205.00 and gave the company an "equal weight" rating in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group increased their price objective 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 research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $194.36.

Ralph Lauren 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.