L & S Advisors Inc Decreases Stock Position in Ralph Lauren Co. (NYSE:RL)

L & S Advisors Inc trimmed its position in shares of Ralph Lauren Co. (NYSE:RL) by 1.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 37,226 shares of the textile maker’s stock after selling 665 shares during the period. Ralph Lauren comprises approximately 0.9% of L & S Advisors Inc’s investment portfolio, making the stock its 27th largest position. L & S Advisors Inc’s holdings in Ralph Lauren were worth $8,598,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Mather Group LLC. raised its holdings in Ralph Lauren by 4.1% in the fourth quarter. Mather Group LLC. now owns 1,182 shares of the textile maker’s stock valued at $273,000 after acquiring an additional 47 shares in the last quarter. M&T Bank Corp lifted its position in shares of Ralph Lauren by 3.4% during the third quarter. M&T Bank Corp now owns 1,657 shares of the textile maker’s stock worth $321,000 after purchasing an additional 55 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in Ralph Lauren by 6.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,005 shares of the textile maker’s stock worth $231,000 after purchasing an additional 62 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in Ralph Lauren by 19.6% in the fourth quarter. TD Private Client Wealth LLC now owns 446 shares of the textile maker’s stock valued at $103,000 after buying an additional 73 shares during the last quarter. Finally, Atomi Financial Group Inc. raised its stake in Ralph Lauren by 7.4% during the fourth quarter. Atomi Financial Group Inc. now owns 1,274 shares of the textile maker’s stock valued at $294,000 after buying an additional 88 shares in the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RL. Telsey Advisory Group reiterated an “outperform” rating and issued a $265.00 price target on shares of Ralph Lauren in a report on Tuesday, February 4th. Wells Fargo & Company boosted their target price on shares of Ralph Lauren from $225.00 to $275.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. The Goldman Sachs Group upgraded shares of Ralph Lauren from a “neutral” rating to a “buy” rating and raised their price target for the stock from $280.00 to $286.00 in a research report on Tuesday, March 18th. Cowen reaffirmed a “buy” rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. Finally, Guggenheim raised their target price on shares of Ralph Lauren from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $284.62.

Ralph Lauren Trading Down 4.3 %

Shares of NYSE:RL opened at $215.46 on Friday. The company has a 50 day moving average of $251.01 and a 200-day moving average of $225.77. 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 firm has a market cap of $13.31 billion, a P/E ratio of 19.66, a P/E/G ratio of 1.73 and a beta of 1.50. Ralph Lauren Co. has a twelve month low of $155.96 and a twelve month high of $289.33.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results 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%. As a group, 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. Stockholders of record on Friday, March 28th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $3.30 annualized dividend and a dividend yield of 1.53%. Ralph Lauren’s dividend payout ratio (DPR) 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.