Ralph Lauren Co. (NYSE:RL) Holdings Decreased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lowered its position in Ralph Lauren Co. (NYSE:RL) by 24.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,024 shares of the textile maker’s stock after selling 4,858 shares during the quarter. Ralph Lauren accounts for 0.6% of Dynamic Technology Lab Private Ltd’s investment portfolio, making the stock its 6th biggest position. Dynamic Technology Lab Private Ltd’s holdings in Ralph Lauren were worth $3,470,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Mather Group LLC. increased its position in shares of Ralph Lauren by 4.1% in the fourth quarter. Mather Group LLC. now owns 1,182 shares of the textile maker’s stock worth $273,000 after acquiring an additional 47 shares in the last quarter. M&T Bank Corp increased its holdings in Ralph Lauren by 3.4% in the 3rd quarter. M&T Bank Corp now owns 1,657 shares of the textile maker’s stock valued at $321,000 after purchasing an additional 55 shares in the last quarter. Asset Management One Co. Ltd. raised its position in Ralph Lauren by 6.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,005 shares of the textile maker’s stock valued at $231,000 after purchasing an additional 62 shares during the period. TD Private Client Wealth LLC lifted its stake in shares of Ralph Lauren by 19.6% during the fourth quarter. TD Private Client Wealth LLC now owns 446 shares of the textile maker’s stock worth $103,000 after purchasing an additional 73 shares in the last quarter. Finally, Atomi Financial Group Inc. boosted its position in shares of Ralph Lauren by 7.4% in the fourth quarter. Atomi Financial Group Inc. now owns 1,274 shares of the textile maker’s stock worth $294,000 after buying an additional 88 shares during the period. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Down 0.7 %

RL stock opened at $196.53 on Friday. The firm has a market cap of $12.14 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 1.73 and a beta of 1.50. Ralph Lauren Co. has a 1-year low of $155.96 and a 1-year high of $289.33. The firm has a fifty day moving average price of $247.58 and a two-hundred day moving average price of $227.14. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data 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%. Research analysts predict that Ralph Lauren Co. will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $3.30 dividend on an annualized basis and a yield of 1.68%. Ralph Lauren’s payout ratio is currently 30.11%.

Analyst Ratings Changes

Several equities analysts recently commented on RL shares. Argus raised Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price target on the stock in a research report on Tuesday, December 31st. BNP Paribas upgraded shares of Ralph Lauren to a “strong-buy” rating in a research note on Thursday, January 23rd. Guggenheim lifted their price target 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. UBS Group upped their price objective on shares of Ralph Lauren from $332.00 to $348.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Raymond James lowered Ralph Lauren from an “outperform” rating to a “market perform” rating in a research report on Monday, January 27th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Ralph Lauren presently has a consensus rating of “Moderate Buy” and a consensus target price of $284.62.

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.