Intech Investment Management LLC Sells 12,891 Shares of Ralph Lauren Co. (NYSE:RL)

Intech Investment Management LLC lowered its stake in Ralph Lauren Co. (NYSE:RL - Free Report) by 90.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,367 shares of the textile maker's stock after selling 12,891 shares during the period. Intech Investment Management LLC's holdings in Ralph Lauren were worth $265,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Family Firm Inc. acquired a new position in shares of Ralph Lauren in the second quarter valued at approximately $30,000. Gladius Capital Management LP bought a new position in shares of Ralph Lauren during the second quarter valued at $31,000. Huntington National Bank lifted its holdings in shares of Ralph Lauren by 86.6% during the third quarter. Huntington National Bank now owns 222 shares of the textile maker's stock worth $43,000 after purchasing an additional 103 shares during the period. AM Squared Ltd bought a new stake in shares of Ralph Lauren in the third quarter worth $58,000. Finally, Signaturefd LLC increased its holdings in Ralph Lauren by 80.8% in the second quarter. Signaturefd LLC now owns 367 shares of the textile maker's stock valued at $64,000 after purchasing an additional 164 shares during the period. Institutional investors own 67.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. TD Cowen upped their price objective on shares of Ralph Lauren from $208.00 to $251.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. The Goldman Sachs Group upped their target price on Ralph Lauren from $171.00 to $193.00 and gave the company a "neutral" rating in a research report on Monday, October 21st. Barclays lifted their target price on Ralph Lauren from $200.00 to $257.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. Raymond James boosted their target price on shares of Ralph Lauren from $215.00 to $235.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Finally, StockNews.com upgraded shares of Ralph Lauren from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $223.90.

Ralph Lauren Stock Performance

Shares of RL traded down $0.51 on Friday, reaching $232.68. 193,901 shares of the company's stock traded hands, compared to its average volume of 851,132. The stock's 50 day simple moving average is $207.28 and its two-hundred day simple moving average is $186.04. The stock has a market cap of $14.45 billion, a PE ratio of 22.23, a PEG ratio of 1.78 and a beta of 1.50. Ralph Lauren Co. has a 52-week low of $129.03 and a 52-week high of $237.16. The company has a current ratio of 1.72, a quick ratio of 1.18 and a debt-to-equity ratio of 0.40.

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

Ralph Lauren Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date was Friday, September 27th. Ralph Lauren's dividend payout ratio is currently 31.46%.

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.