Ralph Lauren Co. (NYSE:RL) Shares Sold by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC cut its holdings in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 481,296 shares of the textile maker's stock after selling 7,851 shares during the period. Lord Abbett & CO. LLC owned 0.78% of Ralph Lauren worth $111,170,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RL. EverSource Wealth Advisors LLC grew its stake in shares of Ralph Lauren by 1,270.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker's stock worth $32,000 after acquiring an additional 127 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Ralph Lauren by 281.1% during the 4th 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 last quarter. Pinpoint Asset Management Ltd increased its holdings in shares of Ralph Lauren by 22,500.0% in the fourth quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker's stock valued at $52,000 after purchasing an additional 225 shares during the period. Resona Asset Management Co. Ltd. purchased a new position in shares of Ralph Lauren in the fourth quarter worth about $63,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Ralph Lauren by 333.3% during the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker's stock worth $81,000 after purchasing an additional 270 shares during the period. Hedge funds and other institutional investors own 67.91% of the company's stock.

Ralph Lauren Trading Down 1.5 %

Ralph Lauren stock traded down $3.45 during midday trading on Wednesday, hitting $220.50. 220,077 shares of the stock were exchanged, compared to its average volume of 995,579. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $13.62 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 1.73 and a beta of 1.38. The stock's 50-day simple moving average is $224.07 and its 200 day simple moving average is $228.84. Ralph Lauren Co. has a fifty-two week low of $155.96 and a fifty-two week high of $289.33.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share 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%. On average, equities analysts anticipate that Ralph Lauren Co. will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date was Friday, March 28th. Ralph Lauren's dividend payout ratio is presently 30.11%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on RL. UBS Group upped their target price on Ralph Lauren from $332.00 to $348.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Wells Fargo & Company raised shares of Ralph Lauren from an "equal weight" rating to an "overweight" rating and cut their target price for the company from $275.00 to $240.00 in a report on Tuesday, April 8th. Jefferies Financial Group increased their price target on shares of Ralph Lauren from $285.00 to $330.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. The Goldman Sachs Group set a $262.00 price objective on shares of Ralph Lauren in a report on Tuesday, April 22nd. Finally, Raymond James cut Ralph Lauren from an "outperform" rating to a "market perform" rating in a research report on Monday, January 27th. Three 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. Based on data from MarketBeat, Ralph Lauren has an average rating of "Moderate Buy" and a consensus target price of $272.14.

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.