Allianz Asset Management GmbH Sells 130,685 Shares of Ralph Lauren Co. (NYSE:RL)

Allianz Asset Management GmbH lessened its position in shares of Ralph Lauren Co. (NYSE:RL) by 38.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 208,348 shares of the textile maker’s stock after selling 130,685 shares during the period. Allianz Asset Management GmbH’s holdings in Ralph Lauren were worth $48,125,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Burney Co. bought a new stake in shares of Ralph Lauren during the 4th quarter worth approximately $5,711,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Ralph Lauren by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker’s stock worth $95,537,000 after acquiring an additional 13,640 shares during the period. Bridgewater Associates LP lifted its holdings in shares of Ralph Lauren by 145.8% during the 3rd quarter. Bridgewater Associates LP now owns 59,927 shares of the textile maker’s stock worth $11,618,000 after acquiring an additional 35,550 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Ralph Lauren during the 3rd quarter worth approximately $1,819,000. Finally, CWA Asset Management Group LLC lifted its stake in Ralph Lauren by 31.9% in the 4th quarter. CWA Asset Management Group LLC now owns 11,913 shares of the textile maker’s stock valued at $2,752,000 after purchasing an additional 2,880 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Trading Down 3.0 %

RL opened at $277.92 on Friday. Ralph Lauren Co. has a twelve month low of $155.96 and a twelve month high of $289.33. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. The company has a fifty day moving average of $248.94 and a 200-day moving average of $213.94. The stock has a market cap of $17.17 billion, a PE ratio of 25.36, a price-to-earnings-growth ratio of 1.73 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, topping 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%. On average, sell-side analysts predict that Ralph Lauren Co. will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Friday, December 27th. Ralph Lauren’s dividend payout ratio (DPR) is presently 30.11%.

Wall Street Analyst Weigh In

Several brokerages recently commented on RL. Needham & Company LLC began coverage on shares of Ralph Lauren in a research note on Wednesday, February 12th. They issued a “buy” rating and a $310.00 price objective for the company. Wells Fargo & Company increased their price objective on shares of Ralph Lauren from $225.00 to $275.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Cowen reissued a “buy” rating on shares of Ralph Lauren in a research note on Tuesday, February 4th. JPMorgan Chase & Co. increased their price objective on shares of Ralph Lauren from $285.00 to $342.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Raymond James downgraded shares of Ralph Lauren from an “outperform” rating to a “market perform” rating in a research note on Monday, January 27th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $284.15.

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.