Swiss National Bank Reduces Stake in Ralph Lauren Co. (NYSE:RL)

Swiss National Bank trimmed its holdings in Ralph Lauren Co. (NYSE:RL - Free Report) by 10.4% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 79,600 shares of the textile maker's stock after selling 9,200 shares during the quarter. Swiss National Bank owned about 0.12% of Ralph Lauren worth $11,478,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Financial Gravity Asset Management Inc. boosted its stake in shares of Ralph Lauren by 99.2% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 245 shares of the textile maker's stock worth $28,000 after buying an additional 122 shares during the last quarter. Spire Wealth Management boosted its position in Ralph Lauren by 47.9% in the third quarter. Spire Wealth Management now owns 315 shares of the textile maker's stock worth $37,000 after purchasing an additional 102 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Ralph Lauren during the 4th quarter valued at about $45,000. Headlands Technologies LLC purchased a new stake in shares of Ralph Lauren during the 3rd quarter valued at about $46,000. Finally, Larson Financial Group LLC bought a new position in shares of Ralph Lauren in the 3rd quarter worth approximately $87,000. Hedge funds and other institutional investors own 67.91% of the company's stock.

Ralph Lauren Price Performance

RL traded down $0.89 during trading on Friday, hitting $167.15. 751,970 shares of the company traded hands, compared to its average volume of 881,356. The company has a market cap of $10.69 billion, a PE ratio of 18.95, a P/E/G ratio of 0.97 and a beta of 1.55. Ralph Lauren Co. has a 1 year low of $103.17 and a 1 year high of $192.03. 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's 50-day simple moving average is $173.18 and its two-hundred day simple moving average is $153.26.

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

Ralph Lauren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were given a dividend of $0.75 per share. The ex-dividend date was Wednesday, March 27th. This represents a $3.00 annualized dividend and a yield of 1.79%. Ralph Lauren's dividend payout ratio (DPR) is currently 34.01%.

Analysts Set New Price Targets

Several analysts recently issued reports on RL shares. UBS Group upped their target price on shares of Ralph Lauren from $188.00 to $190.00 and gave the company a "buy" rating in a report on Monday, February 5th. Raymond James raised their target price on Ralph Lauren from $135.00 to $154.00 and gave the stock an "outperform" rating in a report on Tuesday, January 30th. Jefferies Financial Group initiated coverage on Ralph Lauren in a report on Tuesday, April 30th. They set a "buy" rating and a $195.00 price target for the company. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $195.00 price objective (up previously from $165.00) on shares of Ralph Lauren in a research note on Thursday, February 8th. Finally, Wells Fargo & Company boosted their price objective on Ralph Lauren from $160.00 to $185.00 and gave the company an "equal weight" rating in a research note on Monday, March 4th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $163.08.

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