Ralph Lauren Co. (NYSE:RL) Shares Sold by Fmr LLC

Fmr LLC decreased its position in Ralph Lauren Co. (NYSE:RL) by 6.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,210,352 shares of the textile maker’s stock after selling 77,040 shares during the period. Fmr LLC owned about 1.95% of Ralph Lauren worth $234,651,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Simmons Bank raised its position in shares of Ralph Lauren by 2.3% during the 3rd quarter. Simmons Bank now owns 2,703 shares of the textile maker’s stock worth $524,000 after purchasing an additional 62 shares during the last quarter. Commerce Bank raised its holdings in shares of Ralph Lauren by 1.2% in the third quarter. Commerce Bank now owns 5,687 shares of the textile maker’s stock worth $1,103,000 after acquiring an additional 66 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Ralph Lauren by 11.3% in the third quarter. GAMMA Investing LLC now owns 672 shares of the textile maker’s stock valued at $130,000 after acquiring an additional 68 shares in the last quarter. Oak Thistle LLC boosted its stake in shares of Ralph Lauren by 6.2% during the second quarter. Oak Thistle LLC now owns 1,236 shares of the textile maker’s stock valued at $216,000 after acquiring an additional 72 shares during the last quarter. Finally, Mather Group LLC. increased its position in Ralph Lauren by 26.3% during the 2nd quarter. Mather Group LLC. now owns 432 shares of the textile maker’s stock worth $81,000 after purchasing an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

Ralph Lauren stock opened at $231.40 on Monday. The company has a market cap of $14.37 billion, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 1.78 and a beta of 1.49. Ralph Lauren Co. has a 12 month low of $127.68 and a 12 month high of $237.16. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18. The stock’s 50-day moving average is $203.93 and its 200-day moving average is $184.33.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the previous year, the company posted $2.10 earnings per share. Ralph Lauren’s revenue was up 5.7% compared to the same quarter last year. Equities analysts anticipate that Ralph Lauren Co. will post 11.71 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.43%. The ex-dividend date was Friday, September 27th. Ralph Lauren’s dividend payout ratio (DPR) is presently 31.46%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on RL shares. Cfra set a $171.00 price target on shares of Ralph Lauren in a research note on Thursday, October 17th. Telsey Advisory Group restated an “outperform” rating and set a $207.00 target price on shares of Ralph Lauren in a research report on Thursday, November 7th. Wells Fargo & Company boosted their price target on Ralph Lauren from $195.00 to $205.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. TD Cowen raised their price objective on Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, UBS Group lifted their price objective on Ralph Lauren from $287.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $223.90.

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.