Sumitomo Mitsui Financial Group Inc. trimmed its position in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 14.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,998 shares of the textile maker's stock after selling 1,653 shares during the quarter. Sumitomo Mitsui Financial Group Inc.'s holdings in Ralph Lauren were worth $2,309,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Mather Group LLC. increased its holdings in Ralph Lauren by 4.1% during the 4th quarter. Mather Group LLC. now owns 1,182 shares of the textile maker's stock worth $273,000 after purchasing an additional 47 shares during the period. M&T Bank Corp grew its position in shares of Ralph Lauren by 3.4% during the third quarter. M&T Bank Corp now owns 1,657 shares of the textile maker's stock worth $321,000 after buying an additional 55 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Ralph Lauren by 6.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,005 shares of the textile maker's stock worth $231,000 after buying an additional 62 shares during the period. TD Private Client Wealth LLC grew its stake in shares of Ralph Lauren by 19.6% during the fourth quarter. TD Private Client Wealth LLC now owns 446 shares of the textile maker's stock worth $103,000 after purchasing an additional 73 shares in the last quarter. Finally, Atomi Financial Group Inc. increased its holdings in shares of Ralph Lauren by 7.4% in the 4th quarter. Atomi Financial Group Inc. now owns 1,274 shares of the textile maker's stock valued at $294,000 after acquiring an additional 88 shares during the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts recently commented on the stock. Citigroup dropped their target price on shares of Ralph Lauren from $282.00 to $219.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. UBS Group boosted their target price on Ralph Lauren from $332.00 to $348.00 and gave the company a "buy" rating in a report on Friday, February 7th. Guggenheim lifted their price target on Ralph Lauren from $285.00 to $310.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. TD Cowen increased their price objective on Ralph Lauren from $258.00 to $268.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Finally, Needham & Company LLC started coverage on shares of Ralph Lauren in a report on Wednesday, February 12th. They issued a "buy" rating and a $310.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Ralph Lauren presently has an average rating of "Moderate Buy" and a consensus target price of $277.43.
Check Out Our Latest Report on Ralph Lauren
Ralph Lauren Stock Performance
NYSE RL traded up $3.22 on Friday, hitting $197.89. 975,330 shares of the company's stock were exchanged, compared to its average volume of 847,618. The firm has a market cap of $12.22 billion, a price-to-earnings ratio of 18.06, a P/E/G ratio of 1.73 and a beta of 1.38. The firm's 50-day moving average price is $239.60 and its two-hundred day moving average price is $227.56. Ralph Lauren Co. has a fifty-two week low of $155.96 and a fifty-two week high of $289.33. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31.
Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, topping analysts' consensus estimates 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, research analysts expect that Ralph Lauren Co. will post 12.01 EPS for the current year.
Ralph Lauren Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a $0.825 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $3.30 dividend on an annualized basis and a yield of 1.67%. Ralph Lauren's dividend payout ratio (DPR) is presently 30.11%.
About Ralph Lauren
(
Free Report)
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.
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