First Trust Advisors LP Trims Position in Ralph Lauren Co. (NYSE:RL)

First Trust Advisors LP decreased its stake in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 454,601 shares of the textile maker's stock after selling 24,329 shares during the quarter. First Trust Advisors LP owned about 0.73% of Ralph Lauren worth $105,004,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in Ralph Lauren by 1,270.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker's stock worth $32,000 after purchasing an additional 127 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Ralph Lauren by 281.1% in the 4th quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker's stock worth $47,000 after purchasing an additional 149 shares during the period. Pinpoint Asset Management Ltd lifted its position in shares of Ralph Lauren by 22,500.0% during the 4th quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker's stock valued at $52,000 after buying an additional 225 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in Ralph Lauren in the 4th quarter worth about $63,000. Finally, Versant Capital Management Inc raised its stake in Ralph Lauren by 333.3% in the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker's stock valued at $81,000 after acquiring an additional 270 shares during the period. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Ralph Lauren Trading Down 0.1 %

NYSE:RL traded down $0.14 during trading hours on Friday, reaching $220.01. The company's stock had a trading volume of 741,530 shares, compared to its average volume of 841,566. The firm has a 50-day simple moving average of $227.94 and a 200-day simple moving average of $228.13. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.31 and a current ratio of 1.76. Ralph Lauren Co. has a 1 year low of $155.96 and a 1 year high of $289.33. The firm has a market capitalization of $13.59 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 1.73 and a beta of 1.38.

Ralph Lauren (NYSE:RL - Get Free Report) last released its earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, beating 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%. Research analysts expect that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Friday, March 28th. Ralph Lauren's dividend payout ratio (DPR) is presently 30.11%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RL. Argus upgraded shares of Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 target price for the company in a research report on Tuesday, December 31st. Needham & Company LLC began coverage on shares of Ralph Lauren in a research note on Wednesday, February 12th. They issued a "buy" rating and a $310.00 price objective for the company. TD Cowen boosted their target price on shares of Ralph Lauren from $258.00 to $268.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Jefferies Financial Group raised their price target on Ralph Lauren from $285.00 to $330.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Finally, BNP Paribas raised Ralph Lauren to a "strong-buy" rating in a report on Thursday, January 23rd. Three 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $275.71.

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.