Rhumbline Advisers Has $15.44 Million Stock Position in Ralph Lauren Co. (NYSE:RL)

Rhumbline Advisers lowered its position in shares of Ralph Lauren Co. (NYSE:RL) by 2.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 66,829 shares of the textile maker’s stock after selling 1,431 shares during the quarter. Rhumbline Advisers owned about 0.11% of Ralph Lauren worth $15,436,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of RL. Huntington National Bank increased its position 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 purchasing an additional 103 shares during the period. True Wealth Design LLC grew its holdings in shares of Ralph Lauren by 8,933.3% during the third 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 bought a new stake in shares of Ralph Lauren during the third quarter worth about $58,000. Versant Capital Management Inc grew its holdings in shares of Ralph Lauren by 333.3% during the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock worth $81,000 after purchasing an additional 270 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. bought a new stake in shares of Ralph Lauren during the third quarter worth about $86,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on RL. The Goldman Sachs Group lifted their price objective on Ralph Lauren from $220.00 to $280.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. TD Cowen lifted their price objective on Ralph Lauren from $258.00 to $268.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Jefferies Financial Group lifted their price objective on Ralph Lauren from $285.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Needham & Company LLC initiated coverage on Ralph Lauren in a research note on Wednesday, February 12th. They issued a “buy” rating and a $310.00 price target on the stock. Finally, Barclays boosted their price target on Ralph Lauren from $257.00 to $310.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Ralph Lauren presently has a consensus rating of “Moderate Buy” and a consensus target price of $284.15.

Ralph Lauren Trading Down 3.0 %

Shares of Ralph Lauren stock opened at $277.92 on Friday. The stock has a fifty day moving average price of $248.94 and a 200-day moving average price of $213.94. Ralph Lauren Co. has a 1 year low of $155.96 and a 1 year high of $289.33. The firm 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 company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31.

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

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders 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 presently 30.11%.

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.