Victory Capital Management Inc. Sells 187,695 Shares of Ralph Lauren Co. (NYSE:RL)

Victory Capital Management Inc. cut its holdings in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 6.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,775,364 shares of the textile maker's stock after selling 187,695 shares during the period. Victory Capital Management Inc. owned 4.29% of Ralph Lauren worth $400,207,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Financial Gravity Asset Management Inc. increased its stake in Ralph Lauren by 99.2% in the third quarter. Financial Gravity Asset Management Inc. now owns 245 shares of the textile maker's stock valued at $28,000 after purchasing an additional 122 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of Ralph Lauren in the 4th quarter valued at $45,000. Spire Wealth Management raised its stake in Ralph Lauren by 47.9% during the 3rd quarter. Spire Wealth Management now owns 315 shares of the textile maker's stock worth $37,000 after buying an additional 102 shares during the period. Headlands Technologies LLC bought a new position in Ralph Lauren during the third quarter worth about $46,000. Finally, CWM LLC grew its stake in Ralph Lauren by 25.2% in the third quarter. CWM LLC now owns 576 shares of the textile maker's stock valued at $67,000 after acquiring an additional 116 shares during the period. Institutional investors and hedge funds own 67.91% of the company's stock.

Ralph Lauren Stock Performance

Shares of RL traded down $0.02 during mid-day trading on Wednesday, reaching $163.62. The company's stock had a trading volume of 1,200,157 shares, compared to its average volume of 991,475. The company has a current ratio of 2.17, a quick ratio of 1.54 and a debt-to-equity ratio of 0.55. The stock has a market cap of $10.46 billion, a P/E ratio of 18.38, a PEG ratio of 0.98 and a beta of 1.53. Ralph Lauren Co. has a 1-year low of $103.17 and a 1-year high of $192.03. The business has a 50-day simple moving average of $176.28 and a two-hundred day simple moving average of $150.41.

Ralph Lauren (NYSE:RL - Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The textile maker reported $4.17 EPS for the quarter, topping analysts' consensus estimates of $3.53 by $0.64. The firm had revenue of $1.93 billion during the quarter, compared to analysts' expectations of $1.87 billion. Ralph Lauren had a net margin of 8.90% and a return on equity of 25.88%. The company's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business posted $3.35 earnings per share. As a group, equities research analysts anticipate that Ralph Lauren Co. will post 10.23 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend was Wednesday, March 27th. Ralph Lauren's dividend payout ratio is presently 34.01%.

Wall Street Analysts Forecast Growth

RL has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their price target on Ralph Lauren from $132.00 to $151.00 and gave the stock a "neutral" rating in a research report on Friday, February 9th. Telsey Advisory Group restated an "outperform" rating and set a $195.00 price objective (up from $165.00) on shares of Ralph Lauren in a report on Thursday, February 8th. Jefferies Financial Group assumed coverage on shares of Ralph Lauren in a research note on Tuesday. They issued a "buy" rating and a $195.00 target price for the company. UBS Group boosted their price target on Ralph Lauren from $188.00 to $190.00 and gave the company a "buy" rating in a report on Monday, February 5th. Finally, Wells Fargo & Company lifted their target price on Ralph Lauren from $160.00 to $185.00 and gave the company an "equal weight" rating in a research report on Monday, March 4th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, Ralph Lauren presently has a consensus rating of "Moderate Buy" and a consensus price target of $158.92.

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.