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

Vanguard Group Inc. lowered its position in Ralph Lauren Co. (NYSE:RL) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,220,762 shares of the textile maker’s stock after selling 64,645 shares during the period. Vanguard Group Inc. owned approximately 0.08% of Ralph Lauren worth $1,205,892,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Boston Partners boosted its holdings in shares of Ralph Lauren by 7.1% in the 4th quarter. Boston Partners now owns 982,927 shares of the textile maker’s stock valued at $227,085,000 after acquiring an additional 65,303 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Ralph Lauren by 3.3% in the third quarter. Geode Capital Management LLC now owns 949,512 shares of the textile maker’s stock valued at $183,787,000 after purchasing an additional 30,694 shares during the last quarter. Holocene Advisors LP grew its position in Ralph Lauren by 10.2% during the 3rd quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker’s stock worth $162,714,000 after purchasing an additional 78,008 shares during the period. Lord Abbett & CO. LLC acquired a new position in shares of Ralph Lauren in the 3rd quarter valued at about $94,831,000. Finally, Atreides Management LP boosted its stake in shares of Ralph Lauren by 28.3% in the third quarter. Atreides Management LP now owns 377,481 shares of the textile maker’s stock worth $73,182,000 after buying an additional 83,349 shares during the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. TD Cowen lifted their price target on Ralph Lauren from $258.00 to $268.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Wells Fargo & Company lifted their target price on shares of Ralph Lauren from $225.00 to $275.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Needham & Company LLC began coverage on shares of Ralph Lauren in a research report on Wednesday, February 12th. They set a “buy” rating and a $310.00 price target on the stock. Argus raised shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price objective for the company in a report on Tuesday, December 31st. Finally, Jefferies Financial Group increased their target price on shares of Ralph Lauren from $285.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Ralph Lauren has an average rating of “Moderate Buy” and a consensus price target of $284.62.

Ralph Lauren Price Performance

NYSE:RL opened at $224.60 on Friday. The stock has a 50 day moving average of $251.50 and a two-hundred day moving average of $225.48. 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 $13.87 billion, a P/E ratio of 20.49, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50. 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 issued 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, analysts expect that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, March 28th. Ralph Lauren’s dividend payout ratio is currently 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.