Ralph Lauren Co. (NYSE:RL) Shares Sold by Royce & Associates LP

Royce & Associates LP cut its stake in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 16.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 157,759 shares of the textile maker's stock after selling 31,310 shares during the quarter. Royce & Associates LP owned about 0.25% of Ralph Lauren worth $30,585,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in RL. CIBC Asset Management Inc boosted its position in Ralph Lauren by 9.9% in the third quarter. CIBC Asset Management Inc now owns 5,563 shares of the textile maker's stock valued at $1,078,000 after buying an additional 500 shares during the last quarter. Huntington National Bank boosted its holdings in shares of Ralph Lauren by 86.6% in the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker's stock valued at $43,000 after acquiring an additional 103 shares during the last quarter. Simmons Bank increased its stake in shares of Ralph Lauren by 2.3% in the third quarter. Simmons Bank now owns 2,703 shares of the textile maker's stock worth $524,000 after acquiring an additional 62 shares during the period. Aigen Investment Management LP raised its holdings in shares of Ralph Lauren by 281.8% during the third quarter. Aigen Investment Management LP now owns 22,768 shares of the textile maker's stock worth $4,414,000 after purchasing an additional 16,805 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Ralph Lauren during the third quarter worth $284,000. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Price Performance

Shares of Ralph Lauren stock traded down $3.09 on Friday, hitting $208.38. 450,175 shares of the company were exchanged, compared to its average volume of 860,836. The company has a 50-day moving average price of $196.01 and a 200 day moving average price of $180.47. The stock has a market capitalization of $12.91 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 1.62 and a beta of 1.49. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40. Ralph Lauren Co. has a 1-year low of $119.86 and a 1-year high of $237.16.

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

Ralph Lauren Dividend Announcement

The business also recently declared 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. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren's dividend payout ratio is presently 31.46%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on RL. Wells Fargo & Company lifted their price target on Ralph Lauren from $195.00 to $205.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group raised their price objective on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a "neutral" rating in a research note on Monday, October 21st. TD Cowen boosted their target price on shares of Ralph Lauren from $208.00 to $251.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. UBS Group raised their price target on shares of Ralph Lauren from $287.00 to $300.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Finally, Barclays lifted their price objective on shares of Ralph Lauren from $200.00 to $257.00 and gave the company an "overweight" rating in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $223.90.

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.