D. E. Shaw & Co. Inc. reduced its holdings in Ralph Lauren Co. (NYSE:RL - Free Report) by 89.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,915 shares of the textile maker's stock after selling 261,552 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in Ralph Lauren were worth $6,910,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its stake in shares of Ralph Lauren by 1,270.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker's stock worth $32,000 after buying an additional 127 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Ralph Lauren by 281.1% in the 4th quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker's stock worth $47,000 after purchasing an additional 149 shares during the last quarter. Pinpoint Asset Management Ltd grew its holdings in Ralph Lauren by 22,500.0% during the 4th quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker's stock worth $52,000 after acquiring an additional 225 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new position in Ralph Lauren during the 4th quarter valued at about $63,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Ralph Lauren in the 4th quarter valued at approximately $92,000. 67.91% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $315.00 target price on shares of Ralph Lauren in a research report on Friday. Citigroup reduced their target price on shares of Ralph Lauren from $282.00 to $219.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Wells Fargo & Company increased their target price on shares of Ralph Lauren from $240.00 to $275.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 14th. Guggenheim increased their target price on shares of Ralph Lauren from $285.00 to $310.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, Cfra Research upgraded shares of Ralph Lauren from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 14th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $277.29.
View Our Latest Stock Report on Ralph Lauren
Ralph Lauren Price Performance
RL traded up $3.26 during trading on Monday, reaching $277.79. 869,693 shares of the company traded hands, compared to its average volume of 840,765. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.31 and a current ratio of 1.76. Ralph Lauren Co. has a 12-month low of $155.96 and a 12-month high of $289.33. The firm has a fifty day simple moving average of $222.67 and a 200 day simple moving average of $233.41. The company has a market cap of $17.16 billion, a P/E ratio of 25.35, a PEG ratio of 1.73 and a beta of 1.44.
Ralph Lauren Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $3.30 annualized dividend and a dividend yield of 1.19%. Ralph Lauren's dividend payout ratio (DPR) is 30.11%.
Ralph Lauren Profile
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Free Report)
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.
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