Swiss National Bank Sells 900 Shares of Ralph Lauren Co. (NYSE:RL)

Swiss National Bank decreased its position in shares of Ralph Lauren Co. (NYSE:RL) by 1.1% during the 4th quarter, Holdings Channel reports. The fund owned 78,700 shares of the textile maker’s stock after selling 900 shares during the quarter. Swiss National Bank’s holdings in Ralph Lauren were worth $18,178,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of RL. EverSource Wealth Advisors LLC lifted its stake 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. Huntington National Bank lifted its stake in Ralph Lauren by 86.6% in the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock valued at $43,000 after buying an additional 103 shares in the last quarter. Jones Financial Companies Lllp lifted its stake 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. True Wealth Design LLC lifted its stake in Ralph Lauren by 8,933.3% in the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock valued at $53,000 after buying an additional 268 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in Ralph Lauren by 333.3% in the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock valued at $81,000 after buying an additional 270 shares in the last quarter. Institutional investors own 67.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RL. Argus raised shares of 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. Guggenheim lifted their price target on shares of Ralph Lauren from $285.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Wells Fargo & Company boosted their price objective on shares of Ralph Lauren from $225.00 to $275.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Jefferies Financial Group boosted their price objective on shares of Ralph Lauren from $285.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $265.00 price objective on shares of Ralph Lauren in a research report on Tuesday, February 4th. Two 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. According to data from MarketBeat, Ralph Lauren presently has a consensus rating of “Moderate Buy” and an average target price of $284.62.

Ralph Lauren Price Performance

Shares of RL opened at $219.52 on Wednesday. The company has a market cap of $13.56 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 1.73 and a beta of 1.50. Ralph Lauren Co. has a 1-year low of $155.96 and a 1-year high of $289.33. The company’s fifty day simple moving average is $253.01 and its 200 day simple moving average is $223.51. 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 earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, topping analysts’ consensus estimates of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. On average, research analysts forecast that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a $0.825 dividend. The ex-dividend date is Friday, March 28th. This represents a $3.30 annualized dividend and a dividend yield of 1.50%. Ralph Lauren’s dividend payout ratio is currently 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.