Todd Asset Management LLC Sells 2,804 Shares of Ralph Lauren Co. (NYSE:RL)

Todd Asset Management LLC cut its holdings in Ralph Lauren Co. (NYSE:RL) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,217 shares of the textile maker’s stock after selling 2,804 shares during the period. Todd Asset Management LLC’s holdings in Ralph Lauren were worth $27,999,000 at the end of the most recent reporting period.

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

Ralph Lauren Price Performance

NYSE:RL opened at $275.17 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.31 and a current ratio of 1.76. The company has a 50-day moving average of $249.81 and a 200-day moving average of $215.13. Ralph Lauren Co. has a 52 week low of $155.96 and a 52 week high of $289.33. The company has a market capitalization 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 announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, topping analysts’ consensus estimates of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. As a group, equities research analysts anticipate that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

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 $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Friday, December 27th. Ralph Lauren’s dividend payout ratio (DPR) is 30.11%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RL. Barclays boosted their target price on shares of Ralph Lauren from $257.00 to $310.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. The Goldman Sachs Group boosted their price objective on Ralph Lauren from $220.00 to $280.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Guggenheim raised their target price on Ralph Lauren from $285.00 to $310.00 and gave the company a “buy” rating in a report on Friday, February 7th. TD Cowen upped their price target on Ralph Lauren from $258.00 to $268.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Ralph Lauren from $285.00 to $342.00 and gave the stock an “overweight” rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average 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.