Sei Investments Co. Has $4.51 Million Position in Ralph Lauren Co. (NYSE:RL)

Sei Investments Co. reduced its holdings in Ralph Lauren Co. (NYSE:RL) by 19.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,761 shares of the textile maker’s stock after selling 6,412 shares during the period. Sei Investments Co.’s holdings in Ralph Lauren were worth $4,510,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Family Firm Inc. acquired a new position in shares of Ralph Lauren during the 2nd quarter worth about $30,000. Gladius Capital Management LP acquired a new position in shares of Ralph Lauren during the 2nd quarter worth about $31,000. Versant Capital Management Inc increased its stake in shares of Ralph Lauren by 1,775.0% during the 2nd quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after purchasing an additional 213 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of Ralph Lauren during the 1st quarter worth about $42,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Ralph Lauren during the 1st quarter worth about $63,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. TD Cowen lifted their target price on shares of Ralph Lauren from $193.00 to $208.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. StockNews.com raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday. Argus reaffirmed a “hold” rating on shares of Ralph Lauren in a report on Tuesday, July 2nd. Wells Fargo & Company lifted their target price on shares of Ralph Lauren from $175.00 to $195.00 and gave the stock an “equal weight” rating in a report on Thursday, September 26th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $207.00 target price on shares of Ralph Lauren in a report on Thursday, September 26th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $189.00.

Ralph Lauren Price Performance

Shares of NYSE:RL opened at $192.22 on Wednesday. The firm has a 50 day moving average of $172.99 and a 200-day moving average of $173.88. The stock has a market capitalization of $11.91 billion, a PE ratio of 19.78, a PEG ratio of 1.61 and a beta of 1.49. The company has a current ratio of 2.19, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59. Ralph Lauren Co. has a 12 month low of $108.60 and a 12 month high of $200.17.

Ralph Lauren (NYSE:RL) last issued its earnings results on Wednesday, August 7th. The textile maker reported $2.70 EPS for the quarter, beating the consensus estimate of $2.45 by $0.25. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.34 EPS. On average, equities research analysts predict that Ralph Lauren Co. will post 11.23 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be given a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Friday, September 27th. Ralph Lauren’s payout ratio is presently 33.95%.

About Ralph Lauren

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.