AlphaQuest LLC Cuts Stock Position in Ralph Lauren Co. (NYSE:RL)

AlphaQuest LLC lessened its stake in shares of Ralph Lauren Co. (NYSE:RL) by 31.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,202 shares of the textile maker’s stock after selling 1,965 shares during the quarter. AlphaQuest LLC’s holdings in Ralph Lauren were worth $971,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of RL. Pacer Advisors Inc. raised its position in Ralph Lauren by 13.7% in the third quarter. Pacer Advisors Inc. now owns 1,139,975 shares of the textile maker’s stock worth $221,007,000 after acquiring an additional 137,631 shares in the last quarter. Geode Capital Management LLC raised its position in Ralph Lauren by 3.3% in the third quarter. Geode Capital Management LLC now owns 949,512 shares of the textile maker’s stock worth $183,787,000 after acquiring an additional 30,694 shares in the last quarter. Holocene Advisors LP raised its position in Ralph Lauren by 10.2% in the third quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker’s stock worth $162,714,000 after acquiring an additional 78,008 shares in the last quarter. Jennison Associates LLC raised its position in Ralph Lauren by 13.2% in the third quarter. Jennison Associates LLC now owns 520,393 shares of the textile maker’s stock worth $100,889,000 after acquiring an additional 60,610 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Ralph Lauren by 2.8% in the third 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 in the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on RL. Raymond James cut Ralph Lauren from an “outperform” rating to a “market perform” rating in a research report on Monday, January 27th. Telsey Advisory Group reiterated an “outperform” rating and issued a $265.00 price objective on shares of Ralph Lauren in a research report on Tuesday, February 4th. UBS Group increased their price objective on Ralph Lauren from $332.00 to $348.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Finally, The Goldman Sachs Group upped their target price on Ralph Lauren from $220.00 to $280.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $284.15.

Ralph Lauren Stock Performance

NYSE RL opened at $217.68 on Tuesday. The business’s 50-day moving average price is $255.08 and its 200 day moving average price is $221.09. Ralph Lauren Co. has a twelve month low of $155.96 and a twelve month high of $289.33. The company has a market capitalization of $13.44 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39.

Ralph Lauren (NYSE:RL) last released its earnings results 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 return on equity of 30.88% and a net margin of 10.14%. On average, research analysts predict that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were issued a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $3.30 annualized dividend and a dividend yield of 1.52%. Ralph Lauren’s payout ratio is currently 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.