Voya Investment Management LLC Sells 2,431 Shares of Ralph Lauren Co. (NYSE:RL)

Voya Investment Management LLC cut its holdings in Ralph Lauren Co. (NYSE:RL - Free Report) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,548 shares of the textile maker's stock after selling 2,431 shares during the period. Voya Investment Management LLC owned approximately 0.07% of Ralph Lauren worth $10,290,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in Ralph Lauren by 2.6% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 15,242 shares of the textile maker's stock valued at $3,522,000 after buying an additional 384 shares during the last quarter. Adage Capital Partners GP L.L.C. acquired a new stake in Ralph Lauren in the 4th quarter worth $5,111,000. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Ralph Lauren by 9.8% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 223,754 shares of the textile maker's stock worth $51,683,000 after purchasing an additional 19,953 shares during the period. MGO One Seven LLC bought a new stake in shares of Ralph Lauren in the fourth quarter valued at about $1,115,000. Finally, Price T Rowe Associates Inc. MD grew its position in Ralph Lauren by 1.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 942,720 shares of the textile maker's stock worth $217,750,000 after buying an additional 13,551 shares in the last quarter. 67.91% of the stock is owned by institutional investors.

Ralph Lauren Stock Performance

Shares of Ralph Lauren stock traded down $0.59 during trading on Thursday, hitting $224.36. 725,872 shares of the stock were exchanged, compared to its average volume of 838,988. 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 1-year low of $155.96 and a 1-year high of $289.33. The company has a fifty day moving average price of $221.99 and a 200-day moving average price of $228.94. The stock has a market capitalization of $13.86 billion, a price-to-earnings ratio of 20.47, a price-to-earnings-growth ratio of 1.73 and a beta of 1.38.

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

Ralph Lauren Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued a dividend of $0.825 per share. The ex-dividend date was Friday, March 28th. This represents a $3.30 annualized dividend and a dividend yield of 1.47%. Ralph Lauren's dividend payout ratio (DPR) is presently 30.11%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on RL. TD Cowen lifted their price objective on Ralph Lauren from $258.00 to $268.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Barclays set a $260.00 price objective on shares of Ralph Lauren and gave the stock an "overweight" rating in a report on Monday. Citigroup dropped their price target on shares of Ralph Lauren from $282.00 to $219.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. UBS Group upped their price objective on Ralph Lauren from $332.00 to $348.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, Raymond James cut shares of Ralph Lauren from an "outperform" rating to a "market perform" rating in a research report on Monday, January 27th. Three analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $272.14.

Ralph Lauren Company 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.