Ameriprise Financial Inc. Sells 70,252 Shares of Ralph Lauren Co. (NYSE:RL)

Ameriprise Financial Inc. trimmed its holdings in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 7.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 891,429 shares of the textile maker's stock after selling 70,252 shares during the period. Ameriprise Financial Inc. owned about 1.44% of Ralph Lauren worth $205,906,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Ralph Lauren by 1,270.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker's stock worth $32,000 after purchasing an additional 127 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Ralph Lauren by 281.1% in the fourth quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker's stock worth $47,000 after acquiring an additional 149 shares during the last quarter. Pinpoint Asset Management Ltd raised its holdings in shares of Ralph Lauren by 22,500.0% during the fourth quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker's stock worth $52,000 after acquiring an additional 225 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new position in Ralph Lauren in the fourth quarter valued at about $63,000. Finally, Summit Securities Group LLC acquired a new position in Ralph Lauren in the 4th quarter worth about $92,000. 67.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RL. Barclays set a $260.00 target price on Ralph Lauren and gave the company an "overweight" rating in a report on Monday, April 28th. Guggenheim boosted their price objective on shares of Ralph Lauren from $285.00 to $310.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Raymond James downgraded Ralph Lauren from an "outperform" rating to a "market perform" rating in a report on Monday, January 27th. Cowen reiterated a "buy" rating on shares of Ralph Lauren in a report on Tuesday, February 4th. Finally, StockNews.com downgraded shares of Ralph Lauren from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $272.14.

Ralph Lauren Trading Up 5.2%

NYSE:RL traded up $12.94 on Monday, reaching $261.68. 257,307 shares of the stock traded hands, compared to its average volume of 971,129. The company's 50 day moving average is $218.95 and its 200-day moving average is $231.01. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. Ralph Lauren Co. has a 1-year low of $155.96 and a 1-year high of $289.33. The firm has a market capitalization of $16.16 billion, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 1.73 and a beta of 1.44.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, beating the consensus estimate of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. Equities research analysts anticipate that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a $0.825 dividend. The ex-dividend date was Friday, March 28th. This represents a $3.30 annualized dividend and a yield of 1.26%. Ralph Lauren's payout ratio is 30.11%.

About Ralph Lauren

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.