Ralph Lauren Co. (NYSE:RL) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its position in Ralph Lauren Co. (NYSE:RL - Free Report) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,220,762 shares of the textile maker's stock after selling 64,645 shares during the quarter. Vanguard Group Inc. owned approximately 8.41% of Ralph Lauren worth $1,205,892,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Burney Co. purchased a new stake in Ralph Lauren during the fourth quarter worth about $5,711,000. Citizens Financial Group Inc. RI purchased a new stake in Ralph Lauren during the 4th quarter worth approximately $3,014,000. Amundi increased its stake in Ralph Lauren by 8.3% during the 4th quarter. Amundi now owns 195,208 shares of the textile maker's stock worth $47,444,000 after buying an additional 14,889 shares during the period. Bridgewater Associates LP lifted its holdings in Ralph Lauren by 145.8% during the 3rd quarter. Bridgewater Associates LP now owns 59,927 shares of the textile maker's stock worth $11,618,000 after buying an additional 35,550 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Ralph Lauren in the 3rd quarter valued at approximately $1,819,000. Institutional investors and hedge funds own 67.91% of the company's stock.

Ralph Lauren Stock Performance

Shares of RL traded up $2.01 during midday trading on Monday, reaching $217.69. 631,977 shares of the stock were exchanged, compared to its average volume of 813,424. Ralph Lauren Co. has a twelve month low of $155.96 and a twelve 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 company has a market capitalization of $13.45 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 1.73 and a beta of 1.50. The business's 50-day moving average price is $251.01 and its 200 day moving average price is $226.51.

Remove Ads

Ralph Lauren (NYSE:RL - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, topping the consensus estimate of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. On average, sell-side analysts expect that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently disclosed 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. This represents a $3.30 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Friday, March 28th. Ralph Lauren's payout ratio is currently 30.11%.

Analyst Ratings Changes

RL has been the topic of a number of recent research reports. Argus raised Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 price objective on the stock in a research report on Tuesday, December 31st. Jefferies Financial Group upped their price target on Ralph Lauren from $285.00 to $330.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Raymond James cut Ralph Lauren from an "outperform" rating to a "market perform" rating in a research note on Monday, January 27th. TD Cowen upped their target price on shares of Ralph Lauren from $258.00 to $268.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Ralph Lauren from $285.00 to $342.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Two equities research 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 company. Based on data from MarketBeat, Ralph Lauren has an average rating of "Moderate Buy" and an average price target of $284.62.

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.