UniSuper Management Pty Ltd Cuts Stock Position in Ralph Lauren Co. (NYSE:RL)

UniSuper Management Pty Ltd decreased its holdings in shares of Ralph Lauren Co. (NYSE:RL) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,347 shares of the textile maker’s stock after selling 159 shares during the period. UniSuper Management Pty Ltd’s holdings in Ralph Lauren were worth $1,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its holdings in Ralph Lauren by 1,270.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker’s stock worth $32,000 after buying an additional 127 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Ralph Lauren by 281.1% in the fourth quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker’s stock worth $47,000 after acquiring an additional 149 shares during the last quarter. True Wealth Design LLC increased its position in shares of Ralph Lauren by 8,933.3% during the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock worth $53,000 after purchasing an additional 268 shares in the last quarter. Versant Capital Management Inc raised its stake in Ralph Lauren by 333.3% in the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock valued at $81,000 after purchasing an additional 270 shares during the last quarter. Finally, Erste Asset Management GmbH purchased a new position in Ralph Lauren in the 3rd quarter valued at $97,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

NYSE RL opened at $215.46 on Monday. The stock has a market cap of $13.31 billion, a PE ratio of 19.66, a P/E/G ratio of 1.73 and a beta of 1.50. Ralph Lauren Co. has a twelve month low of $155.96 and a twelve month high of $289.33. The stock has a fifty day simple moving average of $251.01 and a 200-day simple moving average of $226.51. 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 announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, beating 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%. Equities analysts anticipate that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Friday, March 28th. Ralph Lauren’s dividend payout ratio (DPR) is 30.11%.

Analysts Set New Price Targets

RL has been the subject of a number of recent research reports. Wells Fargo & Company increased their target price on shares of Ralph Lauren from $225.00 to $275.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Argus upgraded 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. Cowen restated a “buy” rating on shares of Ralph Lauren in a report on Tuesday, February 4th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $265.00 price target on shares of Ralph Lauren in a report on Tuesday, February 4th. Finally, TD Cowen boosted their price objective on Ralph Lauren from $258.00 to $268.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Two equities 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $284.62.

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.