Lido Advisors LLC Lowers Stock Holdings in Ralph Lauren Co. (NYSE:RL)

Lido Advisors LLC lessened its position in Ralph Lauren Co. (NYSE:RL - Free Report) by 77.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,211 shares of the textile maker's stock after selling 34,582 shares during the period. Lido Advisors LLC's holdings in Ralph Lauren were worth $2,367,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of RL. Burney Co. bought a new position in Ralph Lauren in the 4th quarter valued at approximately $5,711,000. Citizens Financial Group Inc. RI acquired a new position in shares of Ralph Lauren during the fourth quarter worth $3,014,000. Amundi grew its stake in shares of 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. bought a new position in Ralph Lauren during the 4th quarter worth $2,264,000. Finally, CWA Asset Management Group LLC lifted its holdings in Ralph Lauren by 31.9% during the 4th quarter. CWA Asset Management Group LLC now owns 11,913 shares of the textile maker's stock worth $2,752,000 after buying an additional 2,880 shares during the period. 67.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on RL. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $265.00 price objective on shares of Ralph Lauren in a research note on Tuesday, February 4th. Wells Fargo & Company raised shares of Ralph Lauren from an "equal weight" rating to an "overweight" rating and reduced their price objective for the company from $275.00 to $240.00 in a research note on Tuesday, April 8th. UBS Group lifted their target price on shares of Ralph Lauren from $332.00 to $348.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Raymond James cut shares of Ralph Lauren from an "outperform" rating to a "market perform" rating in a research report on Monday, January 27th. Finally, Citigroup lowered their price objective on Ralph Lauren from $282.00 to $219.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $272.14.

Ralph Lauren Stock Up 3.6 %

RL stock traded up $8.05 during midday trading on Friday, reaching $232.56. 566,542 shares of the company's stock traded hands, compared to its average volume of 839,418. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. The firm's fifty day moving average price is $221.28 and its 200-day moving average price is $229.34. Ralph Lauren Co. has a 52 week low of $155.96 and a 52 week high of $289.33. The company has a market cap of $14.36 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 1.73 and a beta of 1.38.

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

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were paid a $0.825 dividend. The ex-dividend date was Friday, March 28th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.42%. Ralph Lauren's payout ratio is presently 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.