Pathstone Holdings LLC Trims Position in Ralph Lauren Co. (NYSE:RL)

Pathstone Holdings LLC decreased its stake in shares of Ralph Lauren Co. (NYSE:RL) by 7.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,996 shares of the textile maker’s stock after selling 1,707 shares during the quarter. Pathstone Holdings LLC’s holdings in Ralph Lauren were worth $3,877,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC raised its stake in shares of Ralph Lauren by 130.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 4,071 shares of the textile maker’s stock valued at $764,000 after acquiring an additional 2,306 shares in the last quarter. EntryPoint Capital LLC purchased a new position in Ralph Lauren during the 1st quarter worth $63,000. Paloma Partners Management Co bought a new stake in Ralph Lauren during the 1st quarter valued at $694,000. Interval Partners LP purchased a new stake in shares of Ralph Lauren in the 1st quarter worth $18,776,000. Finally, Redwood Investment Management LLC bought a new position in shares of Ralph Lauren during the 1st quarter worth $1,520,000. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Trading Up 2.4 %

Ralph Lauren stock opened at $212.15 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.18 and a current ratio of 1.72. The stock has a market cap of $13.17 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 1.59 and a beta of 1.49. The stock has a 50-day moving average of $199.91 and a two-hundred day moving average of $182.32. Ralph Lauren Co. has a one year low of $122.88 and a one year high of $237.16.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, beating the consensus estimate of $2.43 by $0.11. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. Ralph Lauren’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm posted $2.10 EPS. On average, research analysts anticipate that Ralph Lauren Co. will post 11.71 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren’s payout ratio is 31.46%.

Analyst Ratings Changes

A number of analysts recently weighed in on RL shares. Barclays upped their price objective on shares of Ralph Lauren from $200.00 to $257.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Cfra set a $171.00 price target on shares of Ralph Lauren in a research report on Thursday, October 17th. StockNews.com raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, November 18th. The Goldman Sachs Group upped their target price on Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Finally, Wells Fargo & Company boosted their price target on Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $223.90.

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.