Yousif Capital Management LLC Reduces Stock Holdings in Ralph Lauren Co. (NYSE:RL)

Yousif Capital Management LLC reduced its stake in shares of Ralph Lauren Co. (NYSE:RL) by 8.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,416 shares of the textile maker’s stock after selling 583 shares during the quarter. Yousif Capital Management LLC’s holdings in Ralph Lauren were worth $925,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in RL. Boston Partners bought a new stake in shares of Ralph Lauren during the third quarter valued at approximately $84,288,000. Jennison Associates LLC boosted its holdings in shares of Ralph Lauren by 71.6% during the 4th quarter. Jennison Associates LLC now owns 794,127 shares of the textile maker’s stock valued at $114,513,000 after buying an additional 331,413 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Ralph Lauren in the 3rd quarter worth about $24,890,000. Handelsbanken Fonder AB increased its stake in shares of Ralph Lauren by 1,222.2% in the 4th quarter. Handelsbanken Fonder AB now owns 119,000 shares of the textile maker’s stock worth $17,160,000 after acquiring an additional 110,000 shares in the last quarter. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Ralph Lauren in the 3rd quarter worth about $10,602,000. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Trading Up 1.0 %

NYSE:RL opened at $166.64 on Friday. The company has a market cap of $10.65 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 0.97 and a beta of 1.55. The company has a current ratio of 2.17, a quick ratio of 1.54 and a debt-to-equity ratio of 0.55. The company has a 50 day simple moving average of $174.99 and a two-hundred day simple moving average of $151.22. Ralph Lauren Co. has a 12 month low of $103.17 and a 12 month high of $192.03.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, February 8th. The textile maker reported $4.17 EPS for the quarter, topping the consensus estimate of $3.53 by $0.64. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.87 billion. Ralph Lauren had a return on equity of 25.88% and a net margin of 8.90%. Ralph Lauren’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.35 earnings per share. Research analysts forecast that Ralph Lauren Co. will post 10.23 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were given a dividend of $0.75 per share. The ex-dividend date was Wednesday, March 27th. This represents a $3.00 annualized dividend and a yield of 1.80%. Ralph Lauren’s dividend payout ratio (DPR) is 34.01%.

Wall Street Analyst Weigh In

RL has been the topic of a number of recent research reports. Wells Fargo & Company upped their price objective on shares of Ralph Lauren from $160.00 to $185.00 and gave the stock an “equal weight” rating in a report on Monday, March 4th. StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Monday, January 22nd. Raymond James boosted their target price on Ralph Lauren from $135.00 to $154.00 and gave the stock an “outperform” rating in a report on Tuesday, January 30th. UBS Group raised their price target on Ralph Lauren from $188.00 to $190.00 and gave the company a “buy” rating in a report on Monday, February 5th. Finally, Jefferies Financial Group initiated coverage on shares of Ralph Lauren in a research note on Tuesday, April 30th. They issued a “buy” rating and a $195.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.92.

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.