Jump Financial LLC Sells 25,450 Shares of Ralph Lauren Co. (NYSE:RL)

Jump Financial LLC decreased its position in Ralph Lauren Co. (NYSE:RL - Free Report) by 94.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,398 shares of the textile maker's stock after selling 25,450 shares during the quarter. Jump Financial LLC's holdings in Ralph Lauren were worth $323,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Burney Co. purchased a new stake in shares of Ralph Lauren during the 4th quarter valued at $5,711,000. Citizens Financial Group Inc. RI purchased a new stake in Ralph Lauren during the fourth quarter worth about $3,014,000. Amundi raised its position in 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 acquiring an additional 14,889 shares during the period. Keystone Investors PTE Ltd. bought a new position in shares of Ralph Lauren during the 4th quarter valued at approximately $2,264,000. Finally, CWA Asset Management Group LLC increased its stake in shares of 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 purchasing an additional 2,880 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company's stock.

Ralph Lauren Price Performance

Shares of Ralph Lauren stock traded up $5.09 during trading on Friday, hitting $229.60. 87,882 shares of the stock traded hands, compared to its average volume of 986,745. The stock has a market cap of $14.18 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 1.73 and a beta of 1.38. The firm's fifty day moving average is $221.99 and its 200-day moving average is $228.94. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. Ralph Lauren Co. has a 52 week low of $155.96 and a 52 week high of $289.33.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, topping 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%. Research analysts expect that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.44%. The ex-dividend date was Friday, March 28th. Ralph Lauren's dividend payout ratio is presently 30.11%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. The Goldman Sachs Group set a $262.00 price objective on Ralph Lauren in a report on Tuesday, April 22nd. BNP Paribas raised Ralph Lauren to a "strong-buy" rating in a report on Thursday, January 23rd. Telsey Advisory Group restated an "outperform" rating and set a $265.00 target price on shares of Ralph Lauren in a research report on Tuesday, February 4th. Needham & Company LLC started coverage on Ralph Lauren in a research note on Wednesday, February 12th. They set a "buy" rating and a $310.00 price objective on the stock. Finally, TD Cowen upped their price target on Ralph Lauren from $258.00 to $268.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $272.14.

About Ralph Lauren

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.