Victory Capital Management Inc. Lowers Stock Position in Ralph Lauren Co. (NYSE:RL)

Victory Capital Management Inc. cut its position in shares of Ralph Lauren Co. (NYSE:RL) by 20.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 975,048 shares of the textile maker’s stock after selling 244,777 shares during the quarter. Victory Capital Management Inc. owned approximately 1.57% of Ralph Lauren worth $225,217,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in RL. Mather Group LLC. increased its position in 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 buying an additional 47 shares during the last quarter. M&T Bank Corp lifted its position in shares of Ralph Lauren by 3.4% during the 3rd quarter. M&T Bank Corp now owns 1,657 shares of the textile maker’s stock valued at $321,000 after buying an additional 55 shares during the last quarter. Simmons Bank grew its stake in shares of Ralph Lauren by 2.3% during the 3rd quarter. Simmons Bank now owns 2,703 shares of the textile maker’s stock worth $524,000 after acquiring an additional 62 shares during the period. Asset Management One Co. Ltd. increased its holdings in Ralph Lauren by 6.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,005 shares of the textile maker’s stock worth $231,000 after acquiring an additional 62 shares during the last quarter. Finally, Commerce Bank raised its stake in Ralph Lauren by 1.2% in the 3rd quarter. Commerce Bank now owns 5,687 shares of the textile maker’s stock valued at $1,103,000 after acquiring an additional 66 shares during the period. 67.91% of the stock is owned by institutional investors.

Ralph Lauren Stock Performance

Shares of RL opened at $252.53 on Wednesday. Ralph Lauren Co. has a 12-month low of $155.96 and a 12-month high of $289.33. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. The company has a market cap of $15.60 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 1.73 and a beta of 1.49. The stock has a 50-day moving average price of $254.13 and a 200-day moving average price of $218.94.

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, beating 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 forecast that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.31%. Ralph Lauren’s dividend payout ratio is presently 30.11%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. 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 report on Thursday, February 6th. TD Cowen raised their price objective on shares of Ralph Lauren from $258.00 to $268.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Cowen reissued a “buy” rating on shares of Ralph Lauren in a report on Tuesday, February 4th. Needham & Company LLC started coverage on Ralph Lauren in a report on Wednesday, February 12th. They issued a “buy” rating and a $310.00 price target for the company. Finally, Wells Fargo & Company lifted their price target on Ralph Lauren from $225.00 to $275.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $284.15.

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.