Ralph Lauren Co. (NYSE:RL) Shares Sold by Fmr LLC

Fmr LLC trimmed its position in shares of Ralph Lauren Co. (NYSE:RL) by 6.0% in the third quarter, Holdings Channel.com reports. The firm owned 1,210,352 shares of the textile maker’s stock after selling 77,040 shares during the period. Fmr LLC’s holdings in Ralph Lauren were worth $234,651,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Simmons Bank increased its position in shares of Ralph Lauren by 2.3% during the third quarter. Simmons Bank now owns 2,703 shares of the textile maker’s stock worth $524,000 after acquiring an additional 62 shares during the last quarter. Commerce Bank boosted its holdings in Ralph Lauren by 1.2% in the third quarter. Commerce Bank now owns 5,687 shares of the textile maker’s stock valued at $1,103,000 after purchasing an additional 66 shares during the last quarter. GAMMA Investing LLC grew its stake in Ralph Lauren by 11.3% during the 3rd quarter. GAMMA Investing LLC now owns 672 shares of the textile maker’s stock valued at $130,000 after purchasing an additional 68 shares in the last quarter. Oak Thistle LLC increased its holdings in Ralph Lauren by 6.2% during the 2nd quarter. Oak Thistle LLC now owns 1,236 shares of the textile maker’s stock worth $216,000 after purchasing an additional 72 shares during the last quarter. Finally, Mather Group LLC. raised its position in shares of Ralph Lauren by 26.3% in the 2nd quarter. Mather Group LLC. now owns 432 shares of the textile maker’s stock valued at $81,000 after purchasing an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Price Performance

Shares of NYSE RL opened at $231.40 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18. The firm has a market capitalization of $14.37 billion, a PE ratio of 22.06, a P/E/G ratio of 1.78 and a beta of 1.49. Ralph Lauren Co. has a 1-year low of $127.68 and a 1-year high of $237.16. The business’s fifty day moving average price is $203.93 and its two-hundred day moving average price is $184.33.

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

Ralph Lauren Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren’s dividend payout ratio (DPR) is 31.46%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Guggenheim lifted their price target on shares of Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. TD Cowen boosted their target price on shares of Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group increased their price target on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Finally, UBS Group increased their target price on Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $223.90.

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