Freedom Investment Management Inc. Cuts Stock Position in Ralph Lauren Co. (NYSE:RL)

Freedom Investment Management Inc. trimmed its position in shares of Ralph Lauren Co. (NYSE:RL) by 10.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,192 shares of the textile maker’s stock after selling 586 shares during the period. Freedom Investment Management Inc.’s holdings in Ralph Lauren were worth $1,199,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in shares of Ralph Lauren by 1,270.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker’s stock worth $32,000 after buying an additional 127 shares during the period. Jones Financial Companies Lllp grew its position in Ralph Lauren by 281.1% during the 4th quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker’s stock worth $47,000 after acquiring an additional 149 shares during the last quarter. Pinpoint Asset Management Ltd increased its stake in Ralph Lauren by 22,500.0% in the 4th quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker’s stock worth $52,000 after purchasing an additional 225 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in Ralph Lauren in the fourth quarter valued at approximately $63,000. Finally, Versant Capital Management Inc boosted its stake in shares of Ralph Lauren by 333.3% during the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock valued at $81,000 after purchasing an additional 270 shares during the period. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

Shares of Ralph Lauren stock opened at $206.51 on Friday. Ralph Lauren Co. has a 12 month low of $155.96 and a 12 month high of $289.33. The firm has a market capitalization of $12.75 billion, a P/E ratio of 18.84, a P/E/G ratio of 1.73 and a beta of 1.38. 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 business has a fifty day simple moving average of $233.35 and a two-hundred day simple moving average of $227.65.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results 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, equities analysts forecast that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.60%. 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

Several research analysts recently commented on RL shares. Citigroup decreased their target price on shares of Ralph Lauren from $282.00 to $219.00 and set a “neutral” rating on the stock in a research note on Monday, April 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 note on Friday, February 7th. Needham & Company LLC started coverage on Ralph Lauren in a research note on Wednesday, February 12th. They issued a “buy” rating and a $310.00 target price on the stock. Cfra Research raised Ralph Lauren from a “moderate sell” rating to a “hold” rating in a research report on Monday, April 14th. Finally, The Goldman Sachs Group upgraded Ralph Lauren from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $280.00 to $286.00 in a research report on Tuesday, March 18th. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Ralph Lauren has a consensus rating of “Moderate Buy” and an average price target of $277.43.

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.