Man Group plc Sells 26,919 Shares of Ralph Lauren Co. (NYSE:RL)

Man Group plc decreased its stake in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 19.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 108,018 shares of the textile maker's stock after selling 26,919 shares during the period. Man Group plc owned about 0.17% of Ralph Lauren worth $24,950,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its position in shares of Ralph Lauren by 1,270.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker's stock valued at $32,000 after purchasing an additional 127 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Ralph Lauren by 281.1% during the fourth quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker's stock valued at $47,000 after buying an additional 149 shares during the last quarter. Pinpoint Asset Management Ltd increased its holdings in Ralph Lauren by 22,500.0% during the fourth quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker's stock valued at $52,000 after buying an additional 225 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new position in Ralph Lauren in the fourth quarter worth approximately $63,000. Finally, Summit Securities Group LLC purchased a new position in shares of Ralph Lauren during the 4th quarter worth $92,000. Institutional investors own 67.91% of the company's stock.

Ralph Lauren Stock Performance

RL opened at $269.16 on Friday. 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 stock has a market capitalization of $16.62 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 1.73 and a beta of 1.44. The company has a fifty day moving average of $221.63 and a 200 day moving average of $232.46. Ralph Lauren Co. has a fifty-two week low of $155.96 and a fifty-two week high of $289.33.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Friday, March 28th. Ralph Lauren's dividend payout ratio (DPR) is presently 30.11%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on RL shares. BNP Paribas upgraded Ralph Lauren to a "strong-buy" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. upped their price target on Ralph Lauren from $285.00 to $342.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Cfra Research raised Ralph Lauren from a "moderate sell" rating to a "hold" rating in a research note on Monday, April 14th. TD Cowen boosted their price objective on Ralph Lauren from $258.00 to $268.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Finally, Cowen reissued a "buy" rating on shares of Ralph Lauren in a report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $273.71.

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.

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