Victory Capital Management Inc. Has $236.49 Million Stock Position in Ralph Lauren Co. (NYSE:RL)

Victory Capital Management Inc. reduced its stake in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 12.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,219,825 shares of the textile maker's stock after selling 172,871 shares during the quarter. Victory Capital Management Inc. owned about 1.97% of Ralph Lauren worth $236,487,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Ralph Lauren by 4.3% during the first quarter. Vanguard Group Inc. now owns 4,908,575 shares of the textile maker's stock worth $921,634,000 after buying an additional 203,495 shares during the last quarter. Boston Partners lifted its holdings in Ralph Lauren by 3.4% during the first quarter. Boston Partners now owns 1,255,482 shares of the textile maker's stock worth $235,662,000 after acquiring an additional 41,482 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Ralph Lauren by 12,493.8% during the second quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker's stock worth $175,470,000 after purchasing an additional 994,385 shares during the period. AQR Capital Management LLC grew its position in shares of Ralph Lauren by 158.1% in the 2nd quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker's stock valued at $149,478,000 after purchasing an additional 528,778 shares during the period. Finally, Acadian Asset Management LLC increased its stake in Ralph Lauren by 42.2% during the 2nd quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker's stock worth $111,760,000 after purchasing an additional 189,600 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. TD Cowen raised their price objective on shares of Ralph Lauren from $208.00 to $251.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. UBS Group lifted their target price on Ralph Lauren from $287.00 to $300.00 and gave the company a "buy" rating in a research report on Friday. Guggenheim lifted their target price on Ralph Lauren from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, October 28th. Cfra set a $171.00 price objective on shares of Ralph Lauren in a report on Thursday, October 17th. Finally, Wells Fargo & Company lifted their price objective on shares of Ralph Lauren from $195.00 to $205.00 and gave the company an "equal weight" rating in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Ralph Lauren presently has an average rating of "Moderate Buy" and an average price target of $223.90.

Ralph Lauren Stock Performance

Shares of NYSE:RL traded down $4.28 on Tuesday, hitting $209.59. The company had a trading volume of 705,045 shares, compared to its average volume of 866,635. Ralph Lauren Co. has a 1-year low of $113.92 and a 1-year high of $237.16. The stock has a market cap of $12.98 billion, a price-to-earnings ratio of 19.98, a P/E/G ratio of 1.76 and a beta of 1.49. The stock has a 50 day moving average price of $194.48 and a 200 day moving average price of $180.04. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.40.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its earnings results on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, beating the consensus estimate of $2.43 by $0.11. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the business earned $2.10 earnings per share. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. Analysts expect that Ralph Lauren Co. will post 11.59 EPS for the current year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.57%. Ralph Lauren's payout ratio is presently 31.46%.

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.