Commerce Bank Cuts Stock Position in Ralph Lauren Co. (NYSE:RL)

Commerce Bank cut its position in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 44.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,167 shares of the textile maker's stock after selling 2,520 shares during the period. Commerce Bank's holdings in Ralph Lauren were worth $732,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its stake in Ralph Lauren by 1,270.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker's stock valued at $32,000 after acquiring an additional 127 shares during the period. Jones Financial Companies Lllp grew its position 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 valued at $47,000 after purchasing an additional 149 shares during the period. Pinpoint Asset Management Ltd increased its stake 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 purchasing an additional 225 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new position in shares of Ralph Lauren during the 4th quarter worth about $63,000. Finally, Versant Capital Management Inc lifted its stake in Ralph Lauren by 333.3% in the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker's stock valued at $81,000 after buying an additional 270 shares in the last quarter. Institutional investors and hedge funds own 67.91% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. UBS Group increased their target price on Ralph Lauren from $332.00 to $348.00 and gave the company a "buy" rating in a report on Friday, February 7th. Telsey Advisory Group reissued an "outperform" rating and issued a $265.00 price objective on shares of Ralph Lauren in a research note on Tuesday, February 4th. The Goldman Sachs Group set a $262.00 target price on shares of Ralph Lauren in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. increased their target price on shares of Ralph Lauren from $285.00 to $342.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Finally, Guggenheim boosted their price target 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. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Ralph Lauren has an average rating of "Moderate Buy" and a consensus target price of $272.14.

Ralph Lauren Trading Down 0.2 %

Shares of NYSE RL traded down $0.49 during midday trading on Monday, reaching $219.48. 143,649 shares of the stock were exchanged, compared to its average volume of 839,491. The stock has a market capitalization of $13.56 billion, a P/E ratio of 19.98, a PEG ratio of 1.73 and a beta of 1.38. 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 50 day simple moving average of $226.61 and a 200 day simple moving average of $228.73. Ralph Lauren Co. has a twelve month low of $155.96 and a twelve month high of $289.33.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its earnings results 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 return on equity of 30.88% and a net margin of 10.14%. As a group, equities analysts expect that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Friday, March 28th. 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.