Thrivent Financial for Lutherans Sells 1,901 Shares of Ralph Lauren Co. (NYSE:RL)

Thrivent Financial for Lutherans lessened its position in Ralph Lauren Co. (NYSE:RL) by 22.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,666 shares of the textile maker’s stock after selling 1,901 shares during the period. Thrivent Financial for Lutherans’ holdings in Ralph Lauren were worth $1,540,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Cerity Partners LLC grew its holdings in Ralph Lauren by 70.3% during the third quarter. Cerity Partners LLC now owns 12,436 shares of the textile maker’s stock worth $2,411,000 after purchasing an additional 5,133 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Ralph Lauren by 17.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 1,848 shares of the textile maker’s stock worth $358,000 after acquiring an additional 278 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Ralph Lauren by 1.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 32,465 shares of the textile maker’s stock worth $6,294,000 after acquiring an additional 510 shares during the last quarter. Townsquare Capital LLC bought a new stake in Ralph Lauren in the 3rd quarter valued at $331,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Ralph Lauren during the 3rd quarter valued at $1,819,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on RL shares. Raymond James downgraded Ralph Lauren from an “outperform” rating to a “market perform” rating in a report on Monday, January 27th. Needham & Company LLC began coverage on shares of Ralph Lauren in a research note on Wednesday, February 12th. They issued a “buy” rating and a $310.00 price objective for the company. Wells Fargo & Company increased their target price on shares of Ralph Lauren from $225.00 to $275.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. lifted their price target on shares of Ralph Lauren from $285.00 to $342.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Finally, UBS Group increased their price target on Ralph Lauren from $332.00 to $348.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $284.62.

Ralph Lauren Price Performance

Shares of RL opened at $215.46 on Monday. The business has a 50-day simple moving average of $251.01 and a two-hundred day simple moving average of $226.51. Ralph Lauren Co. has a 12-month low of $155.96 and a 12-month high of $289.33. The stock has a market cap of $13.31 billion, a PE ratio of 19.66, a PEG ratio of 1.73 and a beta of 1.50. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, beating 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%. Analysts anticipate that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a $0.825 dividend. The ex-dividend date is Friday, March 28th. This represents a $3.30 annualized dividend and a dividend yield of 1.53%. Ralph Lauren’s dividend payout ratio is 30.11%.

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.