Ralph Lauren Co. (NYSE:RL) Shares Sold by Tabor Asset Management LP

Tabor Asset Management LP cut its holdings in Ralph Lauren Co. (NYSE:RL - Free Report) by 14.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 16,792 shares of the textile maker's stock after selling 2,912 shares during the period. Ralph Lauren accounts for about 1.6% of Tabor Asset Management LP's holdings, making the stock its 26th biggest position. Tabor Asset Management LP's holdings in Ralph Lauren were worth $3,255,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC increased its holdings in Ralph Lauren by 267.3% in the 2nd quarter. CWM LLC now owns 5,804 shares of the textile maker's stock valued at $1,016,000 after purchasing an additional 4,224 shares in the last quarter. Swedbank AB increased its holdings in Ralph Lauren by 18.5% in the 2nd quarter. Swedbank AB now owns 385,000 shares of the textile maker's stock valued at $67,398,000 after purchasing an additional 60,000 shares in the last quarter. Bridgewater Associates LP increased its holdings in Ralph Lauren by 145.8% in the 3rd quarter. Bridgewater Associates LP now owns 59,927 shares of the textile maker's stock valued at $11,618,000 after purchasing an additional 35,550 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Ralph Lauren by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker's stock valued at $95,537,000 after purchasing an additional 13,640 shares in the last quarter. Finally, Quest Partners LLC increased its holdings in Ralph Lauren by 210.1% in the 3rd quarter. Quest Partners LLC now owns 6,167 shares of the textile maker's stock valued at $1,196,000 after purchasing an additional 4,178 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on RL shares. Cfra set a $171.00 price target on Ralph Lauren in a report on Thursday, October 17th. Wells Fargo & Company upped their price objective on shares of Ralph Lauren from $195.00 to $205.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 23rd. StockNews.com raised shares of Ralph Lauren from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. Telsey Advisory Group reissued an "outperform" rating and issued a $207.00 price objective on shares of Ralph Lauren in a research report on Thursday, November 7th. Finally, Barclays upped their price objective on shares of Ralph Lauren from $200.00 to $257.00 and gave the company an "overweight" rating in a research report on Friday, November 8th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $223.90.

Ralph Lauren Stock Down 0.6 %

Shares of RL stock traded down $1.45 during trading hours on Friday, hitting $231.74. 265,584 shares of the company were exchanged, compared to its average volume of 851,402. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.18 and a current ratio of 1.72. Ralph Lauren Co. has a one year low of $129.03 and a one year high of $237.16. The business's 50-day simple moving average is $207.28 and its two-hundred day simple moving average is $186.04. The stock has a market capitalization of $14.39 billion, a price-to-earnings ratio of 22.06, a P/E/G ratio of 1.78 and a beta of 1.50.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $1.68 billion. During the same quarter last year, the company posted $2.10 earnings per share. Ralph Lauren's revenue was up 5.7% on a year-over-year basis. Sell-side analysts predict that Ralph Lauren Co. will post 11.71 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a $0.825 dividend. The ex-dividend date was Friday, September 27th. This represents a $3.30 annualized dividend and a dividend yield of 1.42%. Ralph Lauren's payout ratio is currently 31.46%.

Ralph Lauren 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.