Kovitz Investment Group Partners LLC Has $291,000 Holdings in Ralph Lauren Co. (NYSE:RL)

Kovitz Investment Group Partners LLC decreased its stake in Ralph Lauren Co. (NYSE:RL - Free Report) by 66.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,261 shares of the textile maker's stock after selling 2,548 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Ralph Lauren were worth $291,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Mather Group LLC. raised its holdings in shares of Ralph Lauren by 4.1% in the fourth quarter. Mather Group LLC. now owns 1,182 shares of the textile maker's stock valued at $273,000 after buying an additional 47 shares during the last quarter. Asset Management One Co. Ltd. increased its position in Ralph Lauren by 6.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,005 shares of the textile maker's stock valued at $231,000 after acquiring an additional 62 shares in the last quarter. TD Private Client Wealth LLC raised its stake in shares of Ralph Lauren by 19.6% in the fourth quarter. TD Private Client Wealth LLC now owns 446 shares of the textile maker's stock worth $103,000 after acquiring an additional 73 shares during the last quarter. Twin Capital Management Inc. lifted its position in shares of Ralph Lauren by 1.5% during the fourth quarter. Twin Capital Management Inc. now owns 5,659 shares of the textile maker's stock worth $1,307,000 after purchasing an additional 85 shares in the last quarter. Finally, Atomi Financial Group Inc. grew its stake in shares of Ralph Lauren by 7.4% during the fourth quarter. Atomi Financial Group Inc. now owns 1,274 shares of the textile maker's stock valued at $294,000 after purchasing an additional 88 shares during the last quarter. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Stock Down 0.2 %

Shares of NYSE RL traded down $0.42 during mid-day trading on Tuesday, reaching $237.39. 570,690 shares of the company's stock were exchanged, compared to its average volume of 838,137. Ralph Lauren Co. has a twelve month low of $155.96 and a twelve month high of $289.33. 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 firm has a market capitalization of $14.66 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 1.73 and a beta of 1.44. The business has a fifty day simple moving average of $220.52 and a 200 day simple moving average of $229.75.

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

Ralph Lauren Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, March 28th. Ralph Lauren's dividend payout ratio is 30.11%.

Analysts Set New Price Targets

RL has been the topic of several research reports. Citigroup reduced their price objective on Ralph Lauren from $282.00 to $219.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. The Goldman Sachs Group set a $262.00 price target on Ralph Lauren in a report on Tuesday, April 22nd. TD Cowen boosted their price objective on Ralph Lauren from $258.00 to $268.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Raymond James lowered shares of Ralph Lauren from an "outperform" rating to a "market perform" rating in a research note on Monday, January 27th. Finally, BNP Paribas raised shares of Ralph Lauren to a "strong-buy" rating in a research note on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $272.14.

Ralph Lauren Company 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.