Tabor Asset Management LP Has $3.49 Million Position in Ralph Lauren Co. (NYSE:RL)

Tabor Asset Management LP reduced its position in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 10.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,106 shares of the textile maker's stock after selling 1,686 shares during the quarter. Ralph Lauren accounts for 1.7% of Tabor Asset Management LP's investment portfolio, making the stock its 25th biggest holding. Tabor Asset Management LP's holdings in Ralph Lauren were worth $3,489,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in RL. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Ralph Lauren by 3.4% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,120,508 shares of the textile maker's stock valued at $489,795,000 after buying an additional 70,544 shares during the period. FMR LLC grew its holdings in shares of Ralph Lauren by 16.9% during the 4th quarter. FMR LLC now owns 1,415,473 shares of the textile maker's stock valued at $326,946,000 after acquiring an additional 205,121 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Ralph Lauren by 30.6% during the 4th quarter. Invesco Ltd. now owns 1,237,512 shares of the textile maker's stock valued at $285,841,000 after acquiring an additional 289,924 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Ralph Lauren by 8.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,079,578 shares of the textile maker's stock worth $249,361,000 after acquiring an additional 82,819 shares during the last quarter. Finally, Boston Partners raised its holdings in shares of Ralph Lauren by 7.1% during the fourth quarter. Boston Partners now owns 982,927 shares of the textile maker's stock worth $227,085,000 after acquiring an additional 65,303 shares in the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on RL shares. Telsey Advisory Group restated an "outperform" rating and issued a $315.00 target price on shares of Ralph Lauren in a research note on Thursday. BNP Paribas raised Ralph Lauren to a "strong-buy" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. increased their price objective on Ralph Lauren from $285.00 to $342.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Barclays set a $260.00 target price on shares of Ralph Lauren and gave the company an "overweight" rating in a research note on Monday, April 28th. Finally, Wall Street Zen lowered shares of Ralph Lauren from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $277.29.

Ralph Lauren Stock Performance

Ralph Lauren stock traded up $3.48 on Thursday, reaching $277.36. 1,557,140 shares of the stock were exchanged, compared to its average volume of 843,688. 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 twelve month low of $155.96 and a twelve month high of $289.33. The firm has a fifty day moving average price of $226.09 and a two-hundred day moving average price of $234.57. The stock has a market cap of $17.13 billion, a PE ratio of 25.31, a PEG ratio of 1.73 and a beta of 1.44.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The textile maker reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.27. The business had revenue of $1.70 billion during the quarter, compared to analysts' expectations of $1.64 billion. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. The firm's revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.71 EPS. Sell-side analysts anticipate that Ralph Lauren Co. will post 12.01 EPS for the current year.

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 paid a $0.9125 dividend. This is an increase from Ralph Lauren's previous quarterly dividend of $0.83. This represents a $3.65 annualized dividend and a dividend yield of 1.32%. 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.