Delphi Management Inc. MA Sells 1,264 Shares of Ralph Lauren Co. (NYSE:RL)

Delphi Management Inc. MA lessened its position in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 18.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,699 shares of the textile maker's stock after selling 1,264 shares during the period. Delphi Management Inc. MA's holdings in Ralph Lauren were worth $1,258,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of RL. Triglav Skladi D.O.O. acquired a new stake in Ralph Lauren during the 4th quarter worth about $10,872,000. Citizens Financial Group Inc. RI bought a new position in Ralph Lauren in the 4th quarter worth approximately $3,014,000. Amundi increased its position in shares of Ralph Lauren by 8.3% during the fourth quarter. Amundi now owns 195,208 shares of the textile maker's stock valued at $47,444,000 after purchasing an additional 14,889 shares during the period. Keystone Investors PTE Ltd. bought a new stake in Ralph Lauren in the fourth quarter valued at $2,264,000. Finally, OFI Invest Asset Management bought a new stake in Ralph Lauren in the fourth quarter valued at $6,872,000. Institutional investors own 67.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Barclays upped their price target on Ralph Lauren from $260.00 to $321.00 and gave the company an "overweight" rating in a research note on Friday, May 23rd. BMO Capital Markets increased their price target on Ralph Lauren from $197.00 to $205.00 and gave the stock an "underperform" rating in a report on Friday, May 23rd. Telsey Advisory Group reiterated an "outperform" rating and set a $315.00 price objective on shares of Ralph Lauren in a report on Thursday, May 22nd. Cfra Research downgraded Ralph Lauren from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, May 20th. Finally, Jefferies Financial Group raised their price objective on Ralph Lauren from $250.00 to $328.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $292.88.

Ralph Lauren Stock Performance

Ralph Lauren stock traded down $0.75 during trading on Monday, hitting $276.06. The stock had a trading volume of 599,024 shares, compared to its average volume of 825,702. The stock has a market cap of $17.05 billion, a price-to-earnings ratio of 25.19, a price-to-earnings-growth ratio of 1.73 and a beta of 1.44. The stock's 50 day moving average is $233.45 and its two-hundred day moving average is $238.19. Ralph Lauren Co. has a 1 year low of $155.96 and a 1 year high of $289.33. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39.

Ralph Lauren (NYSE:RL - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The textile maker reported $2.27 earnings per share for the quarter, beating analysts' consensus estimates of $2.00 by $0.27. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the business posted $1.71 earnings per share. The company's revenue for the quarter was up 8.3% on a year-over-year basis. As a group, analysts predict that Ralph Lauren Co. will post 12.01 EPS for the current year.

Ralph Lauren declared that its Board of Directors has initiated a share repurchase plan on Thursday, May 22nd that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the textile maker to reacquire up to 8.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

Ralph Lauren Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be issued a $0.9125 dividend. The ex-dividend date is Friday, June 27th. This represents a $3.65 annualized dividend and a dividend yield of 1.32%. This is an increase from Ralph Lauren's previous quarterly dividend of $0.83. Ralph Lauren's payout ratio is currently 31.44%.

Ralph Lauren Company 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.