Ralph Lauren Co. (NYSE:RL) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its position in Ralph Lauren Co. (NYSE:RL - Free Report) by 22.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,666 shares of the textile maker's stock after selling 1,901 shares during the quarter. Thrivent Financial for Lutherans' holdings in Ralph Lauren were worth $1,540,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of RL. Lord Abbett & CO. LLC acquired a new position in shares of Ralph Lauren in the 3rd quarter valued at about $94,831,000. World Investment Advisors LLC bought a new position in Ralph Lauren in the third quarter worth about $19,320,000. Atreides Management LP boosted its stake in Ralph Lauren by 28.3% in the third quarter. Atreides Management LP now owns 377,481 shares of the textile maker's stock valued at $73,182,000 after acquiring an additional 83,349 shares during the period. Holocene Advisors LP grew its holdings in shares of Ralph Lauren by 10.2% during the third quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker's stock valued at $162,714,000 after purchasing an additional 78,008 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Ralph Lauren during the 4th quarter worth approximately $16,848,000. Institutional investors and hedge funds own 67.91% of the company's stock.

Ralph Lauren Price Performance

NYSE:RL traded up $7.98 during midday trading on Tuesday, hitting $228.72. 1,401,403 shares of the stock were exchanged, compared to its average volume of 819,332. The business has a 50-day moving average price of $250.62 and a two-hundred day moving average price of $226.83. 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 $14.13 billion, a price-to-earnings ratio of 20.87, a P/E/G ratio of 1.73 and a beta of 1.50. Ralph Lauren Co. has a one year low of $155.96 and a one year high of $289.33.

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Ralph Lauren (NYSE:RL - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 EPS 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%. Sell-side analysts predict 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 will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $3.30 annualized dividend and a dividend yield of 1.44%. Ralph Lauren's dividend payout ratio (DPR) is 30.11%.

Analyst Ratings Changes

A number of research firms recently issued reports on RL. Jefferies Financial Group boosted their price objective on Ralph Lauren from $285.00 to $330.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. UBS Group boosted their price target on shares of Ralph Lauren from $332.00 to $348.00 and gave the company a "buy" rating in a report on Friday, February 7th. Wells Fargo & Company upped their price target on shares of Ralph Lauren from $225.00 to $275.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. The Goldman Sachs Group upgraded shares of Ralph Lauren from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $280.00 to $286.00 in a research report on Tuesday, March 18th. Finally, BNP Paribas upgraded shares of Ralph Lauren to a "strong-buy" rating in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus 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.