Ralph Lauren Co. (NYSE:RL) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its stake in shares of Ralph Lauren Co. (NYSE:RL) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,717 shares of the textile maker’s stock after selling 107 shares during the quarter. Amalgamated Bank’s holdings in Ralph Lauren were worth $1,782,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mather Group LLC. increased its holdings in shares of Ralph Lauren by 4.1% during the 4th quarter. Mather Group LLC. now owns 1,182 shares of the textile maker’s stock worth $273,000 after buying an additional 47 shares during the last quarter. M&T Bank Corp grew its position in Ralph Lauren by 3.4% in the third quarter. M&T Bank Corp now owns 1,657 shares of the textile maker’s stock worth $321,000 after acquiring an additional 55 shares during the period. Simmons Bank increased its stake in Ralph Lauren by 2.3% during the third quarter. Simmons Bank now owns 2,703 shares of the textile maker’s stock worth $524,000 after acquiring an additional 62 shares during the last quarter. Asset Management One Co. Ltd. raised its position in Ralph Lauren by 6.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,005 shares of the textile maker’s stock valued at $231,000 after purchasing an additional 62 shares during the period. Finally, Commerce Bank lifted its stake in shares of Ralph Lauren by 1.2% in the 3rd quarter. Commerce Bank now owns 5,687 shares of the textile maker’s stock valued at $1,103,000 after purchasing an additional 66 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Trading Up 0.1 %

NYSE:RL opened at $271.11 on Monday. Ralph Lauren Co. has a 12-month low of $155.96 and a 12-month high of $289.33. The firm has a market cap of $16.74 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 1.73 and a beta of 1.49. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. The stock has a fifty day moving average price of $253.49 and a 200 day moving average price of $218.25.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts anticipate that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were issued 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 1.22%. Ralph Lauren’s payout ratio is 30.11%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RL. BNP Paribas upgraded shares of Ralph Lauren to a “strong-buy” rating in a report on Thursday, January 23rd. Needham & Company LLC initiated coverage on shares of Ralph Lauren in a report on Wednesday, February 12th. They issued a “buy” rating and a $310.00 price objective on the stock. StockNews.com raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Guggenheim boosted their target price on Ralph Lauren from $285.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Argus upgraded Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price target on the stock in a research note on Tuesday, December 31st. 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $284.15.

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.