First Trust Advisors LP Sells 12,474 Shares of Ralph Lauren Co. (NYSE:RL)

First Trust Advisors LP trimmed its holdings in Ralph Lauren Co. (NYSE:RL – Get Rating) by 14.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 73,470 shares of the textile maker’s stock after selling 12,474 shares during the period. First Trust Advisors LP’s holdings in Ralph Lauren were worth $7,764,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sentry Investment Management LLC grew its stake in Ralph Lauren by 254.3% in the fourth quarter. Sentry Investment Management LLC now owns 287 shares of the textile maker’s stock valued at $30,000 after acquiring an additional 206 shares during the period. US Asset Management LLC bought a new position in Ralph Lauren in the fourth quarter valued at approximately $33,000. Ronald Blue Trust Inc. lifted its stake in Ralph Lauren by 125.5% in the fourth quarter. Ronald Blue Trust Inc. now owns 433 shares of the textile maker’s stock valued at $36,000 after buying an additional 241 shares in the last quarter. South Dakota Investment Council bought a new position in Ralph Lauren in the third quarter valued at approximately $51,000. Finally, Edmond DE Rothschild Holding S.A. lifted its stake in Ralph Lauren by 240.0% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 510 shares of the textile maker’s stock valued at $54,000 after buying an additional 360 shares in the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RL has been the topic of several recent research reports. Telsey Advisory Group reissued an “outperform” rating and issued a $140.00 price target on shares of Ralph Lauren in a research note on Thursday, February 9th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Ralph Lauren from $97.00 to $114.00 and gave the stock a “hold” rating in a research note on Monday, February 6th. StockNews.com started coverage on shares of Ralph Lauren in a research note on Thursday, May 18th. They set a “buy” rating for the company. Citigroup increased their price objective on shares of Ralph Lauren from $92.00 to $124.00 and gave the stock a “neutral” rating in a research note on Thursday, February 2nd. Finally, UBS Group reduced their price objective on shares of Ralph Lauren from $157.00 to $154.00 and set a “buy” rating for the company in a research note on Wednesday, March 29th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $129.00.

Ralph Lauren Stock Performance

Shares of Ralph Lauren stock opened at $114.00 on Friday. The company has a current ratio of 2.08, a quick ratio of 1.37 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $7.52 billion, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 1.27 and a beta of 1.39. Ralph Lauren Co. has a 12 month low of $82.23 and a 12 month high of $128.94. The business’s fifty day simple moving average is $113.62 and its 200 day simple moving average is $113.26.

Ralph Lauren (NYSE:RL – Get Rating) last issued its earnings results on Thursday, May 25th. The textile maker reported $0.90 EPS for the quarter, topping the consensus estimate of $0.65 by $0.25. Ralph Lauren had a return on equity of 22.88% and a net margin of 8.01%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the company earned $0.49 EPS. The firm’s revenue was up .9% compared to the same quarter last year. As a group, analysts anticipate that Ralph Lauren Co. will post 8.12 EPS for the current year.

Ralph Lauren Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 14th. Investors of record on Friday, March 31st were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.63%. The ex-dividend date was Thursday, March 30th. Ralph Lauren’s dividend payout ratio is 40.27%.

Ralph Lauren Profile

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Ralph Lauren Corp. engages in the design, marketing, and distribution of luxury lifestyle products, including apparel, footwear and accessories, home, fragrances, and hospitality categories. The firm offers products under the brands of Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, and Chaps.