RBF Capital LLC reduced its position in Ralph Lauren Co. (NYSE:RL - Free Report) by 33.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,000 shares of the textile maker's stock after selling 5,000 shares during the quarter. RBF Capital LLC's holdings in Ralph Lauren were worth $2,310,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RL. Lord Abbett & CO. LLC purchased a new stake in shares of Ralph Lauren in the third quarter valued at approximately $94,831,000. Invesco Ltd. increased its stake in shares of Ralph Lauren by 30.6% in the 4th quarter. Invesco Ltd. now owns 1,237,512 shares of the textile maker's stock worth $285,841,000 after acquiring an additional 289,924 shares during the last quarter. FMR LLC increased its stake 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 acquiring an additional 205,121 shares during the last quarter. Schroder Investment Management Group boosted its position in shares of Ralph Lauren by 671.0% during the 4th quarter. Schroder Investment Management Group now owns 136,239 shares of the textile maker's stock valued at $31,637,000 after acquiring an additional 118,569 shares during the last quarter. Finally, World Investment Advisors LLC purchased a new stake in shares of Ralph Lauren in the third quarter valued at about $19,320,000. Hedge funds and other institutional investors own 67.91% of the company's stock.
Analyst Ratings Changes
Several equities analysts have weighed in on RL shares. 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. UBS Group upped their price objective on Ralph Lauren from $332.00 to $348.00 and gave the company a "buy" rating in a report on Friday, February 7th. Raymond James cut Ralph Lauren from an "outperform" rating to a "market perform" rating in a research note on Monday, January 27th. BNP Paribas raised Ralph Lauren to a "strong-buy" rating in a research note on Thursday, January 23rd. Finally, Citigroup cut their price objective on Ralph Lauren from $282.00 to $219.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $275.71.
Read Our Latest Stock Analysis on Ralph Lauren
Ralph Lauren Stock Down 0.1 %
NYSE:RL traded down $0.14 during mid-day trading on Friday, hitting $220.01. The stock had a trading volume of 741,627 shares, compared to its average volume of 841,640. Ralph Lauren Co. has a twelve month low of $155.96 and a twelve month high of $289.33. The stock has a 50-day simple moving average of $226.61 and a two-hundred day simple moving average of $228.30. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $13.59 billion, a PE ratio of 20.07, a PEG ratio of 1.73 and a beta of 1.38.
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, 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%. On average, equities research analysts anticipate that Ralph Lauren Co. will post 12.01 EPS for the current year.
Ralph Lauren Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a dividend of $0.825 per share. The ex-dividend date was Friday, March 28th. This represents a $3.30 annualized dividend and a dividend yield of 1.50%. Ralph Lauren's dividend payout ratio is currently 30.11%.
Ralph Lauren Company Profile
(
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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