Fmr LLC Cuts Stock Position in Ralph Lauren Co. (NYSE:RL)

FMR LLC reduced its stake in Ralph Lauren Co. (NYSE:RL - Free Report) by 6.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,210,352 shares of the textile maker's stock after selling 77,040 shares during the quarter. FMR LLC owned approximately 1.95% of Ralph Lauren worth $234,651,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Family Firm Inc. purchased a new position in Ralph Lauren in the second quarter valued at about $30,000. Gladius Capital Management LP purchased a new position in Ralph Lauren in the second quarter valued at approximately $31,000. Versant Capital Management Inc grew its holdings in Ralph Lauren by 1,775.0% during the second quarter. Versant Capital Management Inc now owns 225 shares of the textile maker's stock valued at $39,000 after purchasing an additional 213 shares during the period. Huntington National Bank increased its holdings in Ralph Lauren by 86.6% in the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker's stock worth $43,000 after acquiring an additional 103 shares during the last quarter. Finally, AM Squared Ltd bought a new stake in shares of Ralph Lauren in the third quarter valued at approximately $58,000. Institutional investors own 67.91% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group upped their price target on Ralph Lauren from $171.00 to $193.00 and gave the company a "neutral" rating in a research report on Monday, October 21st. StockNews.com upgraded shares of Ralph Lauren from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. Wells Fargo & Company upped their price target on Ralph Lauren from $195.00 to $205.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 23rd. TD Cowen raised their price target on Ralph Lauren from $208.00 to $251.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Finally, Cfra set a $171.00 target price on shares of Ralph Lauren in a research report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $223.90.

Ralph Lauren Stock Performance

Shares of RL stock traded up $2.18 on Monday, reaching $233.58. The stock had a trading volume of 536,159 shares, compared to its average volume of 855,153. The stock has a market cap of $14.51 billion, a P/E ratio of 22.06, a price-to-earnings-growth ratio of 1.78 and a beta of 1.49. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.18 and a current ratio of 1.72. Ralph Lauren Co. has a 1 year low of $127.68 and a 1 year high of $237.16. The company has a 50 day simple moving average of $203.93 and a 200 day simple moving average of $184.46.

Ralph Lauren (NYSE:RL - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.43 by $0.11. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The business's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.10 EPS. Equities research analysts expect that Ralph Lauren Co. will post 11.71 EPS for the current year.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Friday, September 27th. Ralph Lauren's dividend payout ratio (DPR) is currently 31.46%.

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.