Royce & Associates LP Decreases Holdings in Ralph Lauren Co. (NYSE:RL)

Royce & Associates LP decreased its holdings in Ralph Lauren Co. (NYSE:RL - Free Report) by 9.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 142,183 shares of the textile maker's stock after selling 15,576 shares during the period. Royce & Associates LP owned 0.23% of Ralph Lauren worth $32,841,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in RL. Mather Group LLC. lifted its stake in Ralph Lauren by 4.1% in the 4th quarter. Mather Group LLC. now owns 1,182 shares of the textile maker's stock worth $273,000 after purchasing an additional 47 shares in the last quarter. M&T Bank Corp increased its holdings in shares of Ralph Lauren by 3.4% in the third quarter. M&T Bank Corp now owns 1,657 shares of the textile maker's stock worth $321,000 after purchasing an additional 55 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in Ralph Lauren by 6.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,005 shares of the textile maker's stock valued at $231,000 after buying an additional 62 shares during the last quarter. Commerce Bank grew its holdings in Ralph Lauren by 1.2% during the 3rd quarter. Commerce Bank now owns 5,687 shares of the textile maker's stock valued at $1,103,000 after buying an additional 66 shares in the last quarter. Finally, Atomi Financial Group Inc. increased its stake in Ralph Lauren by 7.4% in the 4th quarter. Atomi Financial Group Inc. now owns 1,274 shares of the textile maker's stock worth $294,000 after acquiring an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company's stock.

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Ralph Lauren Stock Up 0.3 %

Shares of RL stock traded up $0.67 during mid-day trading on Thursday, hitting $225.24. The stock had a trading volume of 910,036 shares, compared to its average volume of 780,264. Ralph Lauren Co. has a 12-month low of $155.96 and a 12-month high of $289.33. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31. The firm's 50-day moving average is $252.63 and its two-hundred day moving average is $223.51. The firm has a market capitalization of $13.91 billion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50.

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

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $0.825 per share. The ex-dividend date is Friday, March 28th. This represents a $3.30 annualized dividend and a yield of 1.47%. Ralph Lauren's dividend payout ratio (DPR) is presently 30.11%.

Analyst Upgrades and Downgrades

RL has been the topic of a number of recent research reports. The Goldman Sachs Group raised shares of Ralph Lauren from a "neutral" rating to a "buy" rating and upped their price target for the company from $280.00 to $286.00 in a research note on Tuesday. JPMorgan Chase & Co. lifted their price target on Ralph Lauren from $285.00 to $342.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. TD Cowen upped their price objective on Ralph Lauren from $258.00 to $268.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Wells Fargo & Company lifted their target price on Ralph Lauren from $225.00 to $275.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $265.00 price objective on shares of Ralph Lauren in a research report on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Ralph Lauren has an average rating of "Moderate Buy" and a consensus price target of $284.62.

About Ralph Lauren

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.