Pinebridge Investments L.P. Reduces Stock Position in Ralph Lauren Co. (NYSE:RL)

Pinebridge Investments L.P. decreased its position in Ralph Lauren Co. (NYSE:RL - Free Report) by 35.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,932 shares of the textile maker's stock after selling 33,598 shares during the period. Pinebridge Investments L.P. owned approximately 0.10% of Ralph Lauren worth $14,074,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. FMR LLC lifted its stake in shares of Ralph Lauren by 16.9% in the fourth quarter. FMR LLC now owns 1,415,473 shares of the textile maker's stock worth $326,946,000 after buying an additional 205,121 shares in the last quarter. Invesco Ltd. raised its stake in shares of Ralph Lauren by 30.6% in the fourth quarter. Invesco Ltd. now owns 1,237,512 shares of the textile maker's stock worth $285,841,000 after purchasing an additional 289,924 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Ralph Lauren by 8.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,079,578 shares of the textile maker's stock valued at $249,361,000 after purchasing an additional 82,819 shares in the last quarter. Boston Partners increased its holdings in Ralph Lauren by 7.1% in the 4th quarter. Boston Partners now owns 982,927 shares of the textile maker's stock worth $227,085,000 after buying an additional 65,303 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Ralph Lauren by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 968,776 shares of the textile maker's stock valued at $223,513,000 after acquiring an additional 19,264 shares during the period. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Price Performance

NYSE RL traded up $2.03 during trading hours on Monday, reaching $221.99. The company's stock had a trading volume of 725,877 shares, compared to its average volume of 841,727. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. Ralph Lauren Co. has a 1 year low of $155.96 and a 1 year high of $289.33. The firm's 50-day moving average price is $226.61 and its 200-day moving average price is $228.73. The company has a market capitalization of $13.71 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.73 and a beta of 1.38.

Ralph Lauren (NYSE:RL - Get Free Report) last released its quarterly earnings data 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 net margin of 10.14% and a return on equity of 30.88%. On average, equities research analysts predict that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.49%. The ex-dividend date was Friday, March 28th. Ralph Lauren's dividend payout ratio is presently 30.11%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on RL shares. Jefferies Financial Group increased their price objective on shares of Ralph Lauren from $285.00 to $330.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. The Goldman Sachs Group set a $262.00 target price on Ralph Lauren in a report on Tuesday, April 22nd. Cfra Research upgraded Ralph Lauren from a "moderate sell" rating to a "hold" rating in a research note on Monday, April 14th. Wells Fargo & Company upgraded shares of Ralph Lauren from an "equal weight" rating to an "overweight" rating and lowered their price objective for the stock from $275.00 to $240.00 in a research note on Tuesday, April 8th. Finally, UBS Group boosted their target price on shares of Ralph Lauren from $332.00 to $348.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Ralph Lauren has an average rating of "Moderate Buy" and a consensus target price of $272.14.

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.