Ralph Lauren Co. (NYSE:RL) Shares Sold by Blue Trust Inc.

Blue Trust Inc. decreased its stake in Ralph Lauren Co. (NYSE:RL) by 33.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 353 shares of the textile maker’s stock after selling 180 shares during the period. Blue Trust Inc.’s holdings in Ralph Lauren were worth $82,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Huntington National Bank lifted its stake in shares of Ralph Lauren by 86.6% in the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after acquiring an additional 103 shares in the last quarter. True Wealth Design LLC increased its holdings in Ralph Lauren by 8,933.3% during the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock worth $53,000 after purchasing an additional 268 shares during the last quarter. AM Squared Ltd acquired a new position in shares of Ralph Lauren in the 3rd quarter valued at approximately $58,000. Versant Capital Management Inc boosted its stake in shares of Ralph Lauren by 333.3% during the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock valued at $81,000 after buying an additional 270 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. acquired a new stake in shares of Ralph Lauren during the third quarter worth approximately $86,000. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Ralph Lauren Stock Performance

Shares of NYSE RL opened at $277.92 on Monday. Ralph Lauren Co. has a 12-month low of $155.96 and a 12-month high of $289.33. The company has a market cap of $17.17 billion, a PE ratio of 25.36, a P/E/G ratio of 1.73 and a beta of 1.49. The stock has a 50 day simple moving average of $248.94 and a 200-day simple moving average of $214.33. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. On average, equities research analysts forecast that Ralph Lauren Co. will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were given a dividend of $0.825 per share. The ex-dividend date was Friday, December 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.19%. Ralph Lauren’s dividend payout ratio (DPR) is 30.11%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. BNP Paribas raised shares of Ralph Lauren to a “strong-buy” rating in a report on Thursday, January 23rd. Argus raised shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price target on the stock in a research report on Tuesday, December 31st. TD Cowen lifted their price target on Ralph Lauren from $258.00 to $268.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. UBS Group upped their price objective on Ralph Lauren from $332.00 to $348.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Raymond James lowered Ralph Lauren from an “outperform” rating to a “market perform” rating in a research report on Monday, January 27th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $284.15.

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