Ralph Lauren Co. (NYSE:RL) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC trimmed its holdings in shares of Ralph Lauren Co. (NYSE:RL) by 90.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,367 shares of the textile maker’s stock after selling 12,891 shares during the period. Intech Investment Management LLC’s holdings in Ralph Lauren were worth $265,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several analysts have recently commented on RL shares. UBS Group raised their target price on Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Wells Fargo & Company lifted their target price on Ralph Lauren from $195.00 to $205.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Barclays increased their price target on shares of Ralph Lauren from $200.00 to $257.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Guggenheim boosted their price objective on shares of Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, The Goldman Sachs Group lifted their target price on shares of Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $223.90.

Ralph Lauren Stock Performance

Shares of NYSE:RL opened at $233.19 on Friday. The business has a fifty day moving average of $207.28 and a 200-day moving average of $186.04. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.18 and a current ratio of 1.72. Ralph Lauren Co. has a twelve month low of $129.03 and a twelve month high of $237.16. The firm has a market cap of $14.48 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 1.78 and a beta of 1.50.

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

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren’s dividend payout ratio (DPR) is presently 31.46%.

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.