Cullen Frost Bankers Inc. Sells 310 Shares of Ralph Lauren Co. (NYSE:RL)

Cullen Frost Bankers Inc. lowered its position in shares of Ralph Lauren Co. (NYSE:RL) by 24.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 965 shares of the textile maker’s stock after selling 310 shares during the period. Cullen Frost Bankers Inc.’s holdings in Ralph Lauren were worth $223,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Asset Management One Co. Ltd. grew its position in shares of Ralph Lauren by 48.0% in the 3rd quarter. Asset Management One Co. Ltd. now owns 943 shares of the textile maker’s stock valued at $183,000 after buying an additional 306 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Ralph Lauren by 1.1% in the 3rd quarter. Principal Financial Group Inc. now owns 64,999 shares of the textile maker’s stock valued at $12,601,000 after buying an additional 694 shares during the last quarter. Summit Global Investments grew its position in shares of Ralph Lauren by 346.0% in the 3rd quarter. Summit Global Investments now owns 6,396 shares of the textile maker’s stock valued at $1,240,000 after buying an additional 4,962 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Ralph Lauren in the 3rd quarter valued at about $122,000. Finally, CWA Asset Management Group LLC bought a new stake in shares of Ralph Lauren in the 3rd quarter valued at about $1,751,000. Institutional investors own 67.91% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Jefferies Financial Group upped their price target on Ralph Lauren from $285.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. upped their target price on Ralph Lauren from $285.00 to $342.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Guggenheim upped their target price on Ralph Lauren from $285.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Barclays upped their target price on Ralph Lauren from $257.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Needham & Company LLC initiated coverage on Ralph Lauren in a research report on Wednesday, February 12th. They set a “buy” rating and a $310.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Ralph Lauren has a consensus rating of “Moderate Buy” and a consensus target price of $284.15.

Ralph Lauren Stock Down 2.4 %

RL stock opened at $232.51 on Friday. The stock’s 50 day simple moving average is $255.08 and its 200 day simple moving average is $220.74. Ralph Lauren Co. has a fifty-two week low of $155.96 and a fifty-two week high of $289.33. 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 market cap of $14.36 billion, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, topping analysts’ consensus estimates 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, research analysts expect that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Friday, December 27th. Ralph Lauren’s dividend payout ratio (DPR) is presently 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.