Two Sigma Advisers LP Sells 30,700 Shares of Ralph Lauren Co. (NYSE:RL)

Two Sigma Advisers LP decreased its holdings in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 37.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,200 shares of the textile maker's stock after selling 30,700 shares during the period. Two Sigma Advisers LP owned approximately 0.08% of Ralph Lauren worth $9,926,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in RL. Swedbank AB increased its stake in Ralph Lauren by 18.5% in the 2nd quarter. Swedbank AB now owns 385,000 shares of the textile maker's stock worth $67,398,000 after purchasing an additional 60,000 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Ralph Lauren by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker's stock valued at $95,537,000 after acquiring an additional 13,640 shares during the period. Bridgewater Associates LP boosted its stake in Ralph Lauren by 145.8% in the 3rd quarter. Bridgewater Associates LP now owns 59,927 shares of the textile maker's stock worth $11,618,000 after purchasing an additional 35,550 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Ralph Lauren during the 3rd quarter worth approximately $1,819,000. Finally, Quest Partners LLC raised its stake in Ralph Lauren by 210.1% during 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 during the period. Institutional investors and hedge funds own 67.91% of the company's stock.

Ralph Lauren Stock Down 0.3 %

NYSE:RL traded down $0.68 during trading hours on Tuesday, reaching $227.45. The company's stock had a trading volume of 359,846 shares, compared to its average volume of 850,479. The company has a market cap of $14.12 billion, a price-to-earnings ratio of 21.75, a price-to-earnings-growth ratio of 1.77 and a beta of 1.50. The business's 50-day moving average is $208.65 and its 200-day moving average is $187.18. Ralph Lauren Co. has a one year low of $132.13 and a one year high of $237.16. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.11. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period in the previous year, the company earned $2.10 EPS. The company's revenue for the quarter was up 5.7% on a year-over-year basis. Equities research analysts predict that Ralph Lauren Co. will post 11.71 EPS for the current 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 issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren's dividend payout ratio (DPR) is 31.46%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. The Goldman Sachs Group raised their target price on Ralph Lauren from $171.00 to $193.00 and gave the stock a "neutral" rating in a research report on Monday, October 21st. StockNews.com raised Ralph Lauren from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. TD Cowen increased their price target on shares of Ralph Lauren from $208.00 to $251.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. UBS Group boosted their price objective 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, Raymond James increased their target price on shares of Ralph Lauren from $215.00 to $235.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company 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.