Russell Investments Group Ltd. Sells 6,678 Shares of Ralph Lauren Co. (NYSE:RL)

Russell Investments Group Ltd. lessened its holdings in Ralph Lauren Co. (NYSE:RL - Free Report) by 14.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,892 shares of the textile maker's stock after selling 6,678 shares during the period. Russell Investments Group Ltd. owned about 0.06% of Ralph Lauren worth $9,021,000 at the end of the most recent quarter.

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

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Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on RL shares. Wells Fargo & Company upgraded shares of Ralph Lauren from an "equal weight" rating to an "overweight" rating and cut their target price for the stock from $275.00 to $240.00 in a research report on Tuesday, April 8th. Telsey Advisory Group restated an "outperform" rating and issued a $265.00 price objective on shares of Ralph Lauren in a report on Tuesday, February 4th. The Goldman Sachs Group upgraded 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 report on Tuesday, March 18th. Argus upgraded Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 target price on the stock in a report on Tuesday, December 31st. Finally, Guggenheim raised their price target on shares of Ralph Lauren from $285.00 to $310.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Ralph Lauren has an average rating of "Moderate Buy" and a consensus target price of $277.43.

Ralph Lauren Stock Up 0.7 %

Ralph Lauren stock traded up $1.39 during midday trading on Tuesday, reaching $203.14. The stock had a trading volume of 972,918 shares, compared to its average volume of 846,563. The company has a fifty day moving average price of $238.64 and a two-hundred day moving average price of $227.81. Ralph Lauren Co. has a 12 month low of $155.96 and a 12 month high of $289.33. 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 $12.55 billion, a P/E ratio of 18.53, a PEG ratio of 1.73 and a beta of 1.38.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its earnings results 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 return on equity of 30.88% and a net margin of 10.14%. As a group, equities analysts expect that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a $0.825 dividend. The ex-dividend date was Friday, March 28th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.62%. Ralph Lauren's dividend payout ratio is presently 30.11%.

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.