Ralph Lauren (NYSE:RL) Shares Gap Down - Should You Sell?

Ralph Lauren Co. (NYSE:RL - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $236.35, but opened at $208.99. Ralph Lauren shares last traded at $197.86, with a volume of 298,909 shares.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RL. The Goldman Sachs Group upgraded Ralph Lauren from a "neutral" rating to a "buy" rating and increased their price objective for the company from $280.00 to $286.00 in a report on Tuesday, March 18th. Wells Fargo & Company raised Ralph Lauren from an "equal weight" rating to an "overweight" rating and cut their price objective for the stock from $275.00 to $240.00 in a research note on Tuesday. Citigroup decreased their target price on shares of Ralph Lauren from $282.00 to $219.00 and set a "neutral" rating for the company in a research report on Monday. Telsey Advisory Group restated an "outperform" rating and issued a $265.00 price target on shares of Ralph Lauren in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Ralph Lauren from $285.00 to $342.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $277.43.

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Ralph Lauren Trading Down 5.7 %

The business has a fifty day moving average of $246.48 and a 200-day moving average of $227.81. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.31 and a current ratio of 1.76. The company has a market capitalization of $11.25 billion, a P/E ratio of 16.55, a PEG ratio of 1.73 and a beta of 1.38.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. Analysts anticipate that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $3.30 annualized dividend and a dividend yield of 1.81%. Ralph Lauren's payout ratio is 30.11%.

Hedge Funds Weigh In On Ralph Lauren

Several large investors have recently bought and sold shares of the stock. Lord Abbett & CO. LLC bought a new position in shares of Ralph Lauren during the third quarter valued at about $94,831,000. Invesco Ltd. grew its stake in Ralph Lauren by 30.6% in the 4th quarter. Invesco Ltd. now owns 1,237,512 shares of the textile maker's stock valued at $285,841,000 after purchasing an additional 289,924 shares during the period. GAMMA Investing LLC increased its position in shares of Ralph Lauren by 24,164.5% during the 1st quarter. GAMMA Investing LLC now owns 254,292 shares of the textile maker's stock valued at $56,132,000 after purchasing an additional 253,244 shares during the last quarter. FMR LLC boosted its holdings in shares of Ralph Lauren by 16.9% in the 4th 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 during the last quarter. Finally, Schroder Investment Management Group grew its position in Ralph Lauren by 671.0% during the fourth quarter. Schroder Investment Management Group now owns 136,239 shares of the textile maker's stock valued at $31,637,000 after buying an additional 118,569 shares during the period. 67.91% of the stock is currently owned by institutional investors.

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.