Shellback Capital LP Trims Stock Position in Ralph Lauren Co. (NYSE:RL)

Shellback Capital LP lessened its holdings in shares of Ralph Lauren Co. (NYSE:RL) by 27.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,500 shares of the textile maker’s stock after selling 31,000 shares during the period. Ralph Lauren makes up 1.3% of Shellback Capital LP’s holdings, making the stock its 24th biggest position. Shellback Capital LP owned approximately 0.13% of Ralph Lauren worth $18,825,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its holdings in Ralph Lauren by 1,270.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker’s stock valued at $32,000 after buying an additional 127 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in 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 buying an additional 149 shares in the last quarter. Pinpoint Asset Management Ltd increased its holdings in Ralph Lauren by 22,500.0% in the fourth quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker’s stock valued at $52,000 after buying an additional 225 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new position in Ralph Lauren in the fourth quarter valued at $63,000. Finally, Summit Securities Group LLC purchased a new position in Ralph Lauren in the fourth quarter valued at $92,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on RL. TD Cowen lifted their price objective on shares of Ralph Lauren from $258.00 to $268.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Citigroup cut their price objective on shares of Ralph Lauren from $282.00 to $219.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Barclays set a $260.00 target price on shares of Ralph Lauren and gave the stock an “overweight” rating in a research note on Monday, April 28th. Wells Fargo & Company boosted their target price on shares of Ralph Lauren from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Guggenheim boosted their target price on shares of Ralph Lauren from $285.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Four 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 company’s stock. Based on data from MarketBeat.com, Ralph Lauren has an average rating of “Moderate Buy” and an average price target of $273.71.

Ralph Lauren Stock Performance

RL opened at $269.16 on Friday. The firm has a market capitalization of $16.62 billion, a PE ratio of 24.56, a PEG ratio of 1.73 and a beta of 1.44. Ralph Lauren Co. has a twelve month low of $155.96 and a twelve month high of $289.33. The firm’s 50-day moving average price is $221.63 and its 200 day moving average price is $232.46. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a dividend of $0.825 per share. The ex-dividend date was Friday, March 28th. This represents a $3.30 dividend on an annualized basis and a yield of 1.23%. Ralph Lauren’s payout ratio is presently 30.11%.

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.