RBF Capital LLC Sells 5,000 Shares of Ralph Lauren Co. (NYSE:RL)

RBF Capital LLC decreased its stake in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 33.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,000 shares of the textile maker's stock after selling 5,000 shares during the period. RBF Capital LLC's holdings in Ralph Lauren were worth $2,310,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in Ralph Lauren by 1,270.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker's stock valued at $32,000 after acquiring an additional 127 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Ralph Lauren by 281.1% in the 4th quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker's stock worth $47,000 after purchasing an additional 149 shares during the last quarter. Pinpoint Asset Management Ltd boosted its position in Ralph Lauren by 22,500.0% during the 4th quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker's stock valued at $52,000 after purchasing an additional 225 shares during the period. Resona Asset Management Co. Ltd. bought a new position in Ralph Lauren during the 4th quarter worth $63,000. Finally, Versant Capital Management Inc increased its position in Ralph Lauren by 333.3% in the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker's stock worth $81,000 after buying an additional 270 shares during the period. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Ralph Lauren Stock Up 0.2 %

NYSE:RL traded up $0.52 during trading hours on Monday, hitting $220.48. 214,584 shares of the stock traded hands, compared to its average volume of 1,003,404. The firm has a market cap of $13.62 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 1.73 and a beta of 1.38. The firm has a 50 day moving average price of $226.61 and a 200 day moving average price of $228.73. 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 Co. has a fifty-two week low of $155.96 and a fifty-two 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 EPS 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%. Equities research analysts anticipate that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a $0.825 dividend. 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 is currently 30.11%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Argus raised shares of Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 price objective on the stock in a report on Tuesday, December 31st. Telsey Advisory Group reaffirmed an "outperform" rating and set a $265.00 price target on shares of Ralph Lauren in a report on Tuesday, February 4th. Guggenheim increased their price objective on Ralph Lauren from $285.00 to $310.00 and gave the stock a "buy" rating in a report on Friday, February 7th. BNP Paribas upgraded Ralph Lauren to a "strong-buy" rating in a research report on Thursday, January 23rd. Finally, Cowen restated a "buy" rating on shares of Ralph Lauren in a research note on Tuesday, February 4th. Three investment 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. Based on data from MarketBeat, Ralph Lauren presently has an average 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.