Toronto Dominion Bank Sells 5,897 Shares of Ralph Lauren Co. (NYSE:RL)

Toronto Dominion Bank reduced its holdings in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 38.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,391 shares of the textile maker's stock after selling 5,897 shares during the period. Toronto Dominion Bank's holdings in Ralph Lauren were worth $1,821,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in RL. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Ralph Lauren by 161.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,900 shares of the textile maker's stock valued at $508,000 after purchasing an additional 1,789 shares during the period. Blue Trust Inc. increased its position in shares of Ralph Lauren by 35.7% in the second quarter. Blue Trust Inc. now owns 384 shares of the textile maker's stock valued at $72,000 after acquiring an additional 101 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in shares of Ralph Lauren by 38.0% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 3,221 shares of the textile maker's stock valued at $564,000 after acquiring an additional 887 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Ralph Lauren by 244.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 20,648 shares of the textile maker's stock worth $3,620,000 after buying an additional 14,656 shares during the period. Finally, Pallas Capital Advisors LLC lifted its position in shares of Ralph Lauren by 134.4% in the 2nd quarter. Pallas Capital Advisors LLC now owns 2,897 shares of the textile maker's stock worth $486,000 after purchasing an additional 1,661 shares during the period. 67.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on RL shares. Raymond James raised their price target on Ralph Lauren from $215.00 to $235.00 and gave the company an "outperform" rating in a report on Friday, November 8th. 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. Telsey Advisory Group restated an "outperform" rating and issued a $207.00 price target on shares of Ralph Lauren in a research note on Thursday, November 7th. TD Cowen lifted their price objective on Ralph Lauren from $208.00 to $251.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Finally, UBS Group increased their price target on Ralph Lauren from $287.00 to $300.00 and gave the company a "buy" rating in a report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $223.90.

Ralph Lauren Price Performance

RL traded up $4.21 on Monday, hitting $231.66. 468,011 shares of the company's stock traded hands, compared to its average volume of 845,287. Ralph Lauren Co. has a one year low of $134.90 and a one year 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. The firm has a market cap of $14.39 billion, a price-to-earnings ratio of 21.68, a P/E/G ratio of 1.69 and a beta of 1.50. The company's 50 day simple moving average is $211.34 and its 200-day simple moving average is $188.57.

Ralph Lauren (NYSE:RL - Get Free Report) last released its earnings results on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, topping the consensus estimate of $2.43 by $0.11. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.68 billion. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The company's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.10 earnings per share. As a group, research analysts anticipate that Ralph Lauren Co. will post 11.71 EPS for the current year.

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.42%. 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.