Russell Investments Group Ltd. Reduces Holdings in Ralph Lauren Co. (NYSE:RL)

Russell Investments Group Ltd. lowered its position in Ralph Lauren Co. (NYSE:RL) by 14.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 38,892 shares of the textile maker’s stock after selling 6,678 shares during the quarter. Russell Investments Group Ltd. owned about 0.06% of Ralph Lauren worth $9,021,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its position in shares of Ralph Lauren by 12.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 219,747 shares of the textile maker’s stock valued at $50,757,000 after purchasing an additional 23,537 shares during the period. Resona Asset Management Co. Ltd. purchased a new position in Ralph Lauren in the 4th quarter valued at approximately $63,000. Wells Fargo & Company MN raised its holdings in Ralph Lauren by 4.7% during the 4th quarter. Wells Fargo & Company MN now owns 43,370 shares of the textile maker’s stock valued at $10,018,000 after acquiring an additional 1,939 shares during the period. Pinpoint Asset Management Ltd lifted its position in shares of Ralph Lauren by 22,500.0% during the fourth quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker’s stock worth $52,000 after acquiring an additional 225 shares in the last quarter. Finally, ExodusPoint Capital Management LP bought a new position in shares of Ralph Lauren in the fourth quarter worth $1,883,000. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Stock Up 1.7 %

Shares of RL opened at $197.89 on Friday. Ralph Lauren Co. has a 1 year low of $155.96 and a 1 year high of $289.33. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31. The stock has a 50 day simple moving average of $239.60 and a two-hundred day simple moving average of $227.56. The firm has a market cap of $12.22 billion, a P/E ratio of 18.06, a P/E/G ratio of 1.73 and a beta of 1.38.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share (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%. On average, analysts forecast that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Friday, March 28th. Ralph Lauren’s dividend payout ratio (DPR) is presently 30.11%.

Wall Street Analyst Weigh In

RL has been the topic of a number of recent research reports. UBS Group increased their price objective on Ralph Lauren from $332.00 to $348.00 and gave the stock a “buy” rating in a report on Friday, February 7th. JPMorgan Chase & Co. increased their price target on shares of Ralph Lauren from $285.00 to $342.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Wells Fargo & Company raised shares of Ralph Lauren from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $275.00 to $240.00 in a research note on Tuesday. Barclays increased their target price on shares of Ralph Lauren from $257.00 to $310.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, TD Cowen boosted their price target on shares of Ralph Lauren from $258.00 to $268.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Two research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $277.43.

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.