Schonfeld Strategic Advisors LLC Reduces Stake in Ralph Lauren Co. (NYSE:RL)

Schonfeld Strategic Advisors LLC decreased its position in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 74.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,523 shares of the textile maker's stock after selling 4,477 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Ralph Lauren were worth $352,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Invesco Ltd. grew its position in shares of Ralph Lauren by 30.6% during the 4th quarter. Invesco Ltd. now owns 1,237,512 shares of the textile maker's stock worth $285,841,000 after buying an additional 289,924 shares during the period. FMR LLC boosted its stake in Ralph Lauren by 16.9% during the fourth quarter. FMR LLC now owns 1,415,473 shares of the textile maker's stock worth $326,946,000 after acquiring an additional 205,121 shares in the last quarter. Schroder Investment Management Group grew its holdings in Ralph Lauren by 671.0% in the fourth quarter. Schroder Investment Management Group now owns 136,239 shares of the textile maker's stock worth $31,637,000 after purchasing an additional 118,569 shares during the period. JPMorgan Chase & Co. increased its stake in Ralph Lauren by 8.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,079,578 shares of the textile maker's stock valued at $249,361,000 after purchasing an additional 82,819 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Ralph Lauren during the fourth quarter valued at about $16,848,000. Institutional investors and hedge funds own 67.91% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on RL. Raymond James downgraded Ralph Lauren from an "outperform" rating to a "market perform" rating in a research note on Monday, January 27th. Cfra Research upgraded Ralph Lauren from a "moderate sell" rating to a "hold" rating in a report on Monday, April 14th. Cowen reiterated a "buy" rating on shares of Ralph Lauren in a report on Tuesday, February 4th. Wells Fargo & Company boosted their price target on shares of Ralph Lauren from $240.00 to $275.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, The Goldman Sachs Group set a $262.00 price objective on shares of Ralph Lauren in a report on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $273.71.

Ralph Lauren Stock Performance

Shares of Ralph Lauren stock traded down $1.33 during mid-day trading on Wednesday, hitting $268.46. 872,980 shares of the stock were exchanged, compared to its average volume of 840,950. The company has a market capitalization of $16.58 billion, a P/E ratio of 24.49, a P/E/G ratio of 1.73 and a beta of 1.44. 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 50-day simple moving average of $219.88 and a 200 day simple moving average of $231.75. Ralph Lauren Co. has a 12 month low of $155.96 and a 12 month high of $289.33.

Ralph Lauren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders 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 yield of 1.23%. Ralph Lauren's dividend payout ratio (DPR) 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.