Ralph Lauren Co. (NYSE:RL) Shares Sold by Sumitomo Mitsui Financial Group Inc.

Sumitomo Mitsui Financial Group Inc. reduced its holdings in shares of Ralph Lauren Co. (NYSE:RL) by 14.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,998 shares of the textile maker’s stock after selling 1,653 shares during the period. Sumitomo Mitsui Financial Group Inc.’s holdings in Ralph Lauren were worth $2,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RL. EverSource Wealth Advisors LLC increased its holdings 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 acquiring an additional 127 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Ralph Lauren by 281.1% during the 4th 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. Pinpoint Asset Management Ltd raised 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 acquiring an additional 225 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in Ralph Lauren during the 4th quarter worth about $63,000. Finally, Versant Capital Management Inc grew its stake in Ralph Lauren by 333.3% during the 4th 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 last quarter. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Ralph Lauren Trading Down 0.7 %

Shares of RL stock opened at $196.53 on Monday. Ralph Lauren Co. has a 1-year low of $155.96 and a 1-year high of $289.33. The company has a market cap of $12.14 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 1.73 and a beta of 1.38. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31. The stock has a 50 day simple moving average of $247.58 and a 200-day simple moving average of $227.75.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS 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, equities research analysts expect that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The company 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 annualized dividend and a yield of 1.68%. The ex-dividend date is Friday, March 28th. Ralph Lauren’s dividend payout ratio is currently 30.11%.

Analysts Set New Price Targets

A number of research firms recently commented on RL. BNP Paribas raised Ralph Lauren to a “strong-buy” rating in a report on Thursday, January 23rd. Cowen restated a “buy” rating on shares of Ralph Lauren in a research note on Tuesday, February 4th. UBS Group increased their price objective on shares of Ralph Lauren from $332.00 to $348.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Guggenheim boosted their target price on shares of Ralph Lauren from $285.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Jefferies Financial Group increased their price target on Ralph Lauren from $285.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $284.62.

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.