Pinebridge Investments L.P. Has $14.07 Million Stake in Ralph Lauren Co. (NYSE:RL)

Pinebridge Investments L.P. trimmed its stake in Ralph Lauren Co. (NYSE:RL - Free Report) by 35.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,932 shares of the textile maker's stock after selling 33,598 shares during the quarter. Pinebridge Investments L.P. owned approximately 0.10% of Ralph Lauren worth $14,074,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Mather Group LLC. increased its stake in shares of Ralph Lauren by 4.1% in the 4th quarter. Mather Group LLC. now owns 1,182 shares of the textile maker's stock valued at $273,000 after purchasing an additional 47 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in shares of 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 purchasing an additional 62 shares during the last quarter. TD Private Client Wealth LLC increased its stake in shares of Ralph Lauren by 19.6% in the 4th quarter. TD Private Client Wealth LLC now owns 446 shares of the textile maker's stock valued at $103,000 after purchasing an additional 73 shares during the last quarter. Twin Capital Management Inc. increased its stake in shares of Ralph Lauren by 1.5% in the 4th quarter. Twin Capital Management Inc. now owns 5,659 shares of the textile maker's stock valued at $1,307,000 after purchasing an additional 85 shares during the last quarter. Finally, Atomi Financial Group Inc. increased its stake in shares of Ralph Lauren by 7.4% in the 4th 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 Trading Up 0.2 %

RL stock traded up $0.38 during trading on Tuesday, hitting $222.33. The company had a trading volume of 179,946 shares, compared to its average volume of 839,282. The business has a 50-day moving average of $225.32 and a 200-day moving average of $228.87. Ralph Lauren Co. has a one year low of $155.96 and a one year high of $289.33. The stock has a market cap of $13.73 billion, a PE ratio of 20.28, a PEG ratio of 1.73 and a beta of 1.38. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39.

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

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Friday, March 28th. Ralph Lauren's payout ratio is 30.11%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Argus upgraded Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 price target on the stock in a research note on Tuesday, December 31st. Cowen reiterated a "buy" rating on shares of Ralph Lauren in a research note on Tuesday, February 4th. Guggenheim lifted their price target on Ralph Lauren from $285.00 to $310.00 and gave the company a "buy" rating in a research note on Friday, February 7th. TD Cowen upped their target price on Ralph Lauren from $258.00 to $268.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Finally, Jefferies Financial Group lifted their price target on Ralph Lauren from $285.00 to $330.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $272.14.

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.