Allianz Asset Management GmbH Sells 130,685 Shares of Ralph Lauren Co. (NYSE:RL)

Allianz Asset Management GmbH cut its holdings in shares of Ralph Lauren Co. (NYSE:RL) by 38.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,348 shares of the textile maker’s stock after selling 130,685 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.34% of Ralph Lauren worth $48,125,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RL. Blue Trust Inc. lifted its position in Ralph Lauren by 38.8% during the 3rd quarter. Blue Trust Inc. now owns 533 shares of the textile maker’s stock worth $103,000 after buying an additional 149 shares in the last quarter. Raymond James & Associates lifted its position in Ralph Lauren by 4.7% during the 3rd quarter. Raymond James & Associates now owns 64,743 shares of the textile maker’s stock worth $12,552,000 after buying an additional 2,912 shares in the last quarter. Foundations Investment Advisors LLC bought a new stake in Ralph Lauren during the 3rd quarter worth about $255,000. Signaturefd LLC lifted its position in Ralph Lauren by 66.8% during the 3rd quarter. Signaturefd LLC now owns 612 shares of the textile maker’s stock worth $119,000 after buying an additional 245 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in Ralph Lauren by 177,157.1% during the 3rd quarter. International Assets Investment Management LLC now owns 12,408 shares of the textile maker’s stock worth $2,406,000 after buying an additional 12,401 shares in the last quarter. 67.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Guggenheim boosted their price objective on shares of Ralph Lauren from $285.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Needham & Company LLC assumed coverage on shares of Ralph Lauren in a research note on Wednesday, February 12th. They set a “buy” rating and a $310.00 price objective on the stock. Wells Fargo & Company boosted their price objective on shares of Ralph Lauren from $225.00 to $275.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Raymond James lowered shares of Ralph Lauren from an “outperform” rating to a “market perform” rating in a research note on Monday, January 27th. Finally, UBS Group boosted their price objective on shares of Ralph Lauren from $332.00 to $348.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $284.15.

Ralph Lauren Stock Performance

Shares of NYSE:RL opened at $277.92 on Friday. The company’s 50 day moving average price is $248.94 and its two-hundred day moving average price is $213.94. Ralph Lauren Co. has a 12-month low of $155.96 and a 12-month high of $289.33. The firm has a market cap of $17.17 billion, a PE ratio of 25.36, a PEG ratio of 1.73 and a beta of 1.49. 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 (NYSE:RL) last announced its earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) 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%. Equities research analysts predict that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were given a dividend of $0.825 per share. The ex-dividend date was Friday, December 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.19%. Ralph Lauren’s payout ratio 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.