Victory Capital Management Inc. Has $225.22 Million Stock Position in Ralph Lauren Co. (NYSE:RL)

Victory Capital Management Inc. trimmed its holdings in Ralph Lauren Co. (NYSE:RL - Free Report) by 20.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 975,048 shares of the textile maker's stock after selling 244,777 shares during the quarter. Victory Capital Management Inc. owned 1.57% of Ralph Lauren worth $225,217,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Huntington National Bank boosted its position in shares of Ralph Lauren by 86.6% in the third quarter. Huntington National Bank now owns 222 shares of the textile maker's stock valued at $43,000 after acquiring an additional 103 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Ralph Lauren by 281.1% in the fourth 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 during the period. True Wealth Design LLC lifted its position in Ralph Lauren by 8,933.3% in the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker's stock worth $53,000 after purchasing an additional 268 shares during the period. AM Squared Ltd bought a new position in Ralph Lauren in the third quarter worth $58,000. Finally, Versant Capital Management Inc lifted its position in Ralph Lauren by 333.3% in the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker's stock worth $81,000 after purchasing an additional 270 shares during the period. 67.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on RL shares. StockNews.com raised Ralph Lauren from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. UBS Group raised their target price on Ralph Lauren from $332.00 to $348.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. TD Cowen raised their target price on Ralph Lauren from $258.00 to $268.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. BNP Paribas raised Ralph Lauren to a "strong-buy" rating in a research report on Thursday, January 23rd. Finally, Guggenheim raised their target price on Ralph Lauren from $285.00 to $310.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $284.15.

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Ralph Lauren Price Performance

Shares of NYSE:RL traded down $5.83 during midday trading on Friday, reaching $232.51. The company's stock had a trading volume of 1,003,781 shares, compared to its average volume of 779,896. Ralph Lauren Co. has a fifty-two week low of $155.96 and a fifty-two week high of $289.33. The company has a market capitalization of $14.36 billion, a P/E ratio of 21.21, a P/E/G ratio of 1.73 and a beta of 1.50. 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 business's fifty day simple moving average is $255.02 and its 200-day simple moving average is $219.91.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, beating 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 research analysts expect that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were paid a $0.825 dividend. The ex-dividend date was Friday, December 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.42%. Ralph Lauren's dividend payout ratio (DPR) 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.