JPMorgan Chase & Co. Sells 205,800 Shares of Ralph Lauren Co. (NYSE:RL)

JPMorgan Chase & Co. cut its stake in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 17.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 996,759 shares of the textile maker's stock after selling 205,800 shares during the quarter. JPMorgan Chase & Co. owned 1.61% of Ralph Lauren worth $193,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Huntington National Bank raised its position in Ralph Lauren by 86.6% during the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker's stock valued at $43,000 after purchasing an additional 103 shares during the last quarter. True Wealth Design LLC raised its position in Ralph Lauren by 8,933.3% during the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker's stock valued at $53,000 after purchasing an additional 268 shares during the last quarter. AM Squared Ltd bought a new position in Ralph Lauren during the 3rd quarter valued at approximately $58,000. Transamerica Financial Advisors Inc. bought a new position in Ralph Lauren during the 3rd quarter valued at approximately $86,000. Finally, ORG Wealth Partners LLC bought a new position in Ralph Lauren during the 3rd quarter valued at approximately $91,000. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on RL. Argus raised Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 price target for the company in a research report on Tuesday, December 31st. UBS Group upped their price target on Ralph Lauren from $332.00 to $348.00 and gave the company a "buy" rating in a research report on Friday, February 7th. BNP Paribas raised Ralph Lauren to a "strong-buy" rating in a research report on Thursday, January 23rd. The Goldman Sachs Group increased their target price on Ralph Lauren from $220.00 to $280.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Finally, Barclays increased their target price on Ralph Lauren from $257.00 to $310.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $279.33.

Ralph Lauren Stock Up 1.6 %

Shares of Ralph Lauren stock traded up $4.40 during midday trading on Friday, hitting $282.93. The company had a trading volume of 731,038 shares, compared to its average volume of 759,137. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.18 and a current ratio of 1.76. The stock has a market capitalization of $17.57 billion, a P/E ratio of 25.82, a P/E/G ratio of 2.03 and a beta of 1.49. The company has a 50 day moving average of $243.26 and a 200 day moving average of $209.86. Ralph Lauren Co. has a 52-week low of $155.96 and a 52-week high of $289.33.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, beating the consensus estimate of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. On average, equities analysts predict that Ralph Lauren Co. will post 11.73 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were paid a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $3.30 annualized dividend and a yield of 1.17%. Ralph Lauren's dividend payout ratio is 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.