Ralph Lauren Co. (NYSE:RL) Shares Sold by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC lowered its position in shares of Ralph Lauren Co. (NYSE:RL) by 15.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,115 shares of the textile maker’s stock after selling 203 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Ralph Lauren were worth $258,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of analysts have issued reports on RL shares. Barclays boosted their target price on Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. TD Cowen increased their target price on Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $207.00 target price on shares of Ralph Lauren in a research report on Thursday, November 7th. UBS Group increased their price target on shares of Ralph Lauren from $315.00 to $335.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Argus raised shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 target price on the stock in a research note on Tuesday, December 31st. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $244.91.

Ralph Lauren Trading Down 3.4 %

Shares of NYSE:RL opened at $249.79 on Friday. The company has a market cap of $15.51 billion, a PE ratio of 23.81, a P/E/G ratio of 1.91 and a beta of 1.49. The company’s 50 day moving average is $235.71 and its two-hundred day moving average is $202.79. Ralph Lauren Co. has a 52 week low of $142.26 and a 52 week high of $260.77. The company has a current ratio of 1.72, a quick ratio of 1.18 and a debt-to-equity ratio of 0.40.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, beating the consensus estimate of $2.43 by $0.11. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. Ralph Lauren’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.10 earnings per share. Equities analysts predict that Ralph Lauren Co. will post 11.71 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.32%. The ex-dividend date was Friday, December 27th. Ralph Lauren’s payout ratio is 31.46%.

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.