Allspring Global Investments Holdings LLC Sells 78 Shares of Ralph Lauren Co. (NYSE:RL)

Allspring Global Investments Holdings LLC trimmed its position in Ralph Lauren Co. (NYSE:RL) by 4.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,869 shares of the textile maker’s stock after selling 78 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Ralph Lauren were worth $433,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in Ralph Lauren by 38.8% during the 3rd quarter. Blue Trust Inc. now owns 533 shares of the textile maker’s stock worth $103,000 after purchasing an additional 149 shares in the last quarter. Raymond James & Associates increased its holdings in Ralph Lauren by 4.7% during the 3rd quarter. Raymond James & Associates now owns 64,743 shares of the textile maker’s stock worth $12,552,000 after purchasing an additional 2,912 shares in the last quarter. Signaturefd LLC increased its holdings in Ralph Lauren by 66.8% during the 3rd quarter. Signaturefd LLC now owns 612 shares of the textile maker’s stock worth $119,000 after purchasing an additional 245 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Ralph Lauren by 177,157.1% during the 3rd quarter. International Assets Investment Management LLC now owns 12,408 shares of the textile maker’s stock worth $2,406,000 after purchasing an additional 12,401 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in Ralph Lauren by 15.3% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 3,714 shares of the textile maker’s stock worth $720,000 after purchasing an additional 493 shares in the last quarter. 67.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

RL has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on Ralph Lauren from $225.00 to $275.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. JPMorgan Chase & Co. boosted their target price on Ralph Lauren from $285.00 to $342.00 and gave the stock an “overweight” rating in a research note on Friday. Cowen restated a “buy” rating on shares of Ralph Lauren in a research note on Tuesday, February 4th. Jefferies Financial Group boosted their target price on Ralph Lauren from $285.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Finally, Barclays boosted their target price on Ralph Lauren from $257.00 to $310.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Three research 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $284.15.

Ralph Lauren Price Performance

Ralph Lauren stock opened at $275.17 on Tuesday. Ralph Lauren Co. has a 12 month low of $155.96 and a 12 month high of $289.33. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. The business’s 50 day simple moving average is $249.81 and its 200 day simple moving average is $215.13. The company has a market cap of $17.00 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 1.73 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last posted its 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%. Sell-side analysts forecast that Ralph Lauren Co. will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 1.20%. Ralph Lauren’s dividend payout ratio is currently 30.11%.

Ralph Lauren 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.