First Trust Advisors LP Sells 24,329 Shares of Ralph Lauren Co. (NYSE:RL)

First Trust Advisors LP trimmed its stake in Ralph Lauren Co. (NYSE:RL - Free Report) by 5.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 454,601 shares of the textile maker's stock after selling 24,329 shares during the quarter. First Trust Advisors LP owned 0.73% of Ralph Lauren worth $105,004,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. GeoWealth Management LLC raised its holdings in Ralph Lauren by 725.7% in the 4th quarter. GeoWealth Management LLC now owns 1,156 shares of the textile maker's stock worth $267,000 after acquiring an additional 1,016 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Ralph Lauren by 12.7% in the fourth quarter. NewEdge Advisors LLC now owns 2,958 shares of the textile maker's stock worth $683,000 after purchasing an additional 333 shares during the last quarter. Bridgewater Associates LP lifted its holdings in shares of Ralph Lauren by 88.0% during the fourth quarter. Bridgewater Associates LP now owns 112,641 shares of the textile maker's stock valued at $26,018,000 after purchasing an additional 52,714 shares in the last quarter. Canada Post Corp Registered Pension Plan purchased a new stake in shares of Ralph Lauren during the fourth quarter valued at $190,000. Finally, Mariner LLC increased its holdings in Ralph Lauren by 12.0% in the 4th quarter. Mariner LLC now owns 5,409 shares of the textile maker's stock worth $1,249,000 after buying an additional 580 shares in the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RL has been the topic of a number of recent analyst reports. UBS Group raised their price target on shares of Ralph Lauren from $332.00 to $348.00 and gave the company a "buy" rating in a report on Friday, February 7th. Cowen reaffirmed a "buy" rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. The Goldman Sachs Group set a $262.00 price target on Ralph Lauren in a research note on Tuesday. Wells Fargo & Company raised Ralph Lauren from an "equal weight" rating to an "overweight" rating and dropped their target price for the stock from $275.00 to $240.00 in a research report on Tuesday, April 8th. Finally, Argus raised shares of Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 price target for the company in a research report on Tuesday, December 31st. Three investment 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 company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $275.71.

Ralph Lauren Price Performance

Shares of RL traded down $0.14 during midday trading on Friday, hitting $220.01. 741,627 shares of the company traded hands, compared to its average volume of 841,641. Ralph Lauren Co. has a 52 week low of $155.96 and a 52 week high of $289.33. 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 firm has a 50 day moving average of $226.61 and a 200-day moving average of $228.30. The stock has a market cap of $13.59 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 1.73 and a beta of 1.38.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, beating 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%. On average, analysts forecast that Ralph Lauren Co. will post 12.01 EPS for the current fiscal 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 given a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $3.30 dividend on an annualized basis and a yield of 1.50%. 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.