Los Angeles Capital Management LLC Sells 44,233 Shares of Ralph Lauren Co. (NYSE:RL)

Los Angeles Capital Management LLC reduced its holdings in Ralph Lauren Co. (NYSE:RL) by 36.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 78,143 shares of the textile maker’s stock after selling 44,233 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Ralph Lauren were worth $18,049,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in RL. Huntington National Bank grew its position in shares of Ralph Lauren by 86.6% in the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after buying an additional 103 shares during the last quarter. True Wealth Design LLC grew its position in shares of Ralph Lauren by 8,933.3% in the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock worth $53,000 after buying an additional 268 shares during the last quarter. AM Squared Ltd bought a new stake in shares of Ralph Lauren in the 3rd quarter worth approximately $58,000. Versant Capital Management Inc grew its position in shares of Ralph Lauren by 333.3% in the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock worth $81,000 after buying an additional 270 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. purchased a new position in shares of Ralph Lauren in the 3rd quarter valued at approximately $86,000. 67.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RL. Guggenheim raised their target price on Ralph Lauren from $285.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Argus upgraded Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 target price for the company in a research note on Tuesday, December 31st. Raymond James cut Ralph Lauren from an “outperform” rating to a “market perform” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. raised their target price on Ralph Lauren from $285.00 to $342.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Finally, Jefferies Financial Group raised their target price on Ralph Lauren from $285.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Ralph Lauren has a consensus rating of “Moderate Buy” and a consensus target price of $284.15.

Ralph Lauren Stock Down 2.8 %

Ralph Lauren stock opened at $267.88 on Wednesday. The firm has a market cap of $16.55 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 1.73 and a beta of 1.49. The stock has a fifty day simple moving average of $250.61 and a two-hundred day simple moving average of $215.87. Ralph Lauren Co. has a 12 month low of $155.96 and a 12 month high of $289.33. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39.

Ralph Lauren (NYSE:RL) last posted its earnings results 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%. Equities analysts predict 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. Shareholders of record on Friday, December 27th were issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Friday, December 27th. Ralph Lauren’s payout ratio is 30.11%.

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.