Guggenheim Capital LLC Decreases Position in Ralph Lauren Co. (NYSE:RL)

Guggenheim Capital LLC lessened its stake in Ralph Lauren Co. (NYSE:RL - Free Report) by 72.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,621 shares of the textile maker's stock after selling 20,353 shares during the period. Guggenheim Capital LLC's holdings in Ralph Lauren were worth $1,760,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Burney Co. purchased a new position in shares of Ralph Lauren during the fourth quarter worth approximately $5,711,000. Citizens Financial Group Inc. RI purchased a new position in Ralph Lauren in the 4th quarter worth $3,014,000. Amundi lifted its stake in Ralph Lauren by 8.3% in the fourth quarter. Amundi now owns 195,208 shares of the textile maker's stock worth $47,444,000 after purchasing an additional 14,889 shares during the last quarter. Keystone Investors PTE Ltd. purchased a new stake in Ralph Lauren during the fourth quarter valued at about $2,264,000. Finally, CWA Asset Management Group LLC grew its stake in shares of Ralph Lauren by 31.9% during the fourth quarter. CWA Asset Management Group LLC now owns 11,913 shares of the textile maker's stock valued at $2,752,000 after buying an additional 2,880 shares during the last quarter. Institutional investors own 67.91% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on RL. BNP Paribas upgraded Ralph Lauren to a "strong-buy" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. raised their target price on shares of Ralph Lauren from $285.00 to $342.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Telsey Advisory Group reiterated an "outperform" rating and set a $265.00 price target on shares of Ralph Lauren in a report on Tuesday, February 4th. Needham & Company LLC initiated coverage on shares of Ralph Lauren in a research report on Wednesday, February 12th. They issued a "buy" rating and a $310.00 price objective on the stock. Finally, Guggenheim increased their target price on shares of Ralph Lauren from $285.00 to $310.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Three equities research 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 stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $275.71.

Ralph Lauren Stock Down 0.6 %

Shares of NYSE RL traded down $1.28 during mid-day trading on Friday, hitting $218.87. 221,573 shares of the stock traded hands, compared to its average volume of 839,558. The stock has a fifty day moving average price of $227.94 and a 200-day moving average price of $228.13. 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 company has a market cap of $13.52 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 1.73 and a beta of 1.38. Ralph Lauren Co. has a 52 week low of $155.96 and a 52 week high of $289.33.

Ralph Lauren (NYSE:RL - Get Free Report) last released its earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, topping analysts' consensus estimates of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. Research analysts anticipate that Ralph Lauren Co. will post 12.01 EPS for the current year.

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 paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend was Friday, March 28th. Ralph Lauren's payout ratio is 30.11%.

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.