Ralph Lauren Co. (NYSE:RL) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC lowered its stake in Ralph Lauren Co. (NYSE:RL - Free Report) by 8.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 743,592 shares of the textile maker's stock after selling 66,762 shares during the period. AQR Capital Management LLC owned 1.20% of Ralph Lauren worth $171,755,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RL. World Investment Advisors LLC bought a new position in shares of Ralph Lauren in the 3rd quarter valued at $19,320,000. Wilmington Savings Fund Society FSB raised its position in Ralph Lauren by 137.4% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 2,849 shares of the textile maker's stock worth $552,000 after purchasing an additional 1,649 shares during the last quarter. Franklin Resources Inc. raised its position in Ralph Lauren by 24.4% during the 3rd quarter. Franklin Resources Inc. now owns 84,545 shares of the textile maker's stock worth $17,425,000 after purchasing an additional 16,575 shares during the last quarter. Retirement Systems of Alabama raised its position in Ralph Lauren by 2.0% during the 3rd quarter. Retirement Systems of Alabama now owns 8,781 shares of the textile maker's stock worth $1,702,000 after purchasing an additional 169 shares during the last quarter. Finally, Lord Abbett & CO. LLC bought a new position in Ralph Lauren during the 3rd quarter worth $94,831,000. Institutional investors own 67.91% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RL. The Goldman Sachs Group set a $262.00 target price on Ralph Lauren in a research report on Tuesday, April 22nd. Barclays set a $260.00 target price on Ralph Lauren and gave the stock an "overweight" rating in a research report on Monday. UBS Group raised their target price on Ralph Lauren from $332.00 to $348.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Guggenheim increased their price target on Ralph Lauren from $285.00 to $310.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $265.00 price target on shares of Ralph Lauren in a report on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $272.14.

Ralph Lauren Price Performance

Shares of RL stock traded down $0.59 during mid-day trading on Thursday, hitting $224.36. The company had a trading volume of 725,872 shares, compared to its average volume of 838,988. Ralph Lauren Co. has a 52-week low of $155.96 and a 52-week high of $289.33. The stock's 50 day moving average price is $221.99 and its 200-day moving average price is $228.94. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31. The company has a market capitalization of $13.86 billion, a P/E ratio of 20.47, a P/E/G ratio of 1.73 and a beta of 1.38.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, topping 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 forecast that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Friday, March 28th. Ralph Lauren's dividend payout ratio (DPR) is presently 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.