Royce & Associates LP Sells 15,576 Shares of Ralph Lauren Co. (NYSE:RL)

Royce & Associates LP decreased its position in shares of Ralph Lauren Co. (NYSE:RL) by 9.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 142,183 shares of the textile maker’s stock after selling 15,576 shares during the period. Royce & Associates LP’s holdings in Ralph Lauren were worth $32,841,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in RL. EverSource Wealth Advisors LLC grew its position in shares of Ralph Lauren by 1,270.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 127 shares in the last quarter. Huntington National Bank grew its position in shares of Ralph Lauren by 86.6% during the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock valued at $43,000 after purchasing an additional 103 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Ralph Lauren by 281.1% during the fourth quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker’s stock valued at $47,000 after purchasing an additional 149 shares in the last quarter. True Wealth Design LLC grew its position in Ralph Lauren by 8,933.3% in the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock worth $53,000 after acquiring an additional 268 shares in the last quarter. Finally, AM Squared Ltd purchased a new position in Ralph Lauren in the third quarter worth about $58,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RL. Cowen reiterated a “buy” rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. Telsey Advisory Group reiterated an “outperform” rating and issued a $265.00 price target on shares of Ralph Lauren in a research report on Tuesday, February 4th. StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. BNP Paribas upgraded Ralph Lauren to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, TD Cowen lifted their price target on Ralph Lauren from $258.00 to $268.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $284.15.

Ralph Lauren Stock Performance

Ralph Lauren stock opened at $220.40 on Friday. The company has a 50 day moving average price of $253.92 and a 200-day moving average price of $222.45. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.31 and a current ratio of 1.76. Ralph Lauren Co. has a fifty-two week low of $155.96 and a fifty-two week high of $289.33. The company has a market capitalization of $13.61 billion, a PE ratio of 20.11, a P/E/G ratio of 1.73 and a beta of 1.50.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share 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 year.

Ralph Lauren Dividend Announcement

The firm 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 $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.50%. Ralph Lauren’s dividend payout ratio (DPR) is 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.