Guggenheim Capital LLC Sells 20,353 Shares of Ralph Lauren Co. (NYSE:RL)

Guggenheim Capital LLC lessened its holdings in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 72.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,621 shares of the textile maker's stock after selling 20,353 shares during the quarter. Guggenheim Capital LLC's holdings in Ralph Lauren were worth $1,760,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. World Investment Advisors LLC acquired a new position in shares of Ralph Lauren in the third quarter valued at approximately $19,320,000. Wilmington Savings Fund Society FSB lifted its position in Ralph Lauren by 137.4% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 2,849 shares of the textile maker's stock valued at $552,000 after acquiring an additional 1,649 shares in the last quarter. Franklin Resources Inc. boosted its stake in Ralph Lauren by 24.4% in the 3rd quarter. Franklin Resources Inc. now owns 84,545 shares of the textile maker's stock worth $17,425,000 after purchasing an additional 16,575 shares during the period. Retirement Systems of Alabama boosted its stake in Ralph Lauren by 2.0% in the 3rd quarter. Retirement Systems of Alabama now owns 8,781 shares of the textile maker's stock worth $1,702,000 after purchasing an additional 169 shares during the period. Finally, Lord Abbett & CO. LLC bought a new position in Ralph Lauren during the 3rd quarter worth about $94,831,000. 67.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. UBS Group upped their price objective on Ralph Lauren from $332.00 to $348.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Cfra Research raised shares of Ralph Lauren from a "moderate sell" rating to a "hold" rating in a research note on Monday, April 14th. Cowen reiterated a "buy" rating on shares of Ralph Lauren in a report on Tuesday, February 4th. Guggenheim increased their target price on shares of Ralph Lauren from $285.00 to $310.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, Jefferies Financial Group lifted their price target on shares of Ralph Lauren from $285.00 to $330.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Three 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 stock. According to data from MarketBeat, Ralph Lauren presently has a consensus rating of "Moderate Buy" and a consensus target price of $275.71.

Ralph Lauren Stock Performance

RL traded up $3.19 during trading on Wednesday, hitting $212.78. The stock had a trading volume of 1,059,946 shares, compared to its average volume of 844,260. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31. The firm has a market cap of $13.14 billion, a price-to-earnings ratio of 19.41, a P/E/G ratio of 1.73 and a beta of 1.38. The company has a 50 day moving average price of $230.60 and a 200-day moving average price of $228.06. Ralph Lauren Co. has a one year low of $155.96 and a one year high of $289.33.

Ralph Lauren (NYSE:RL - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, topping analysts' consensus estimates 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, research analysts predict that Ralph Lauren Co. will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend was Friday, March 28th. Ralph Lauren's dividend payout ratio (DPR) is currently 30.11%.

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.