Ralph Lauren Co. (NYSE:RL) Shares Sold by Twin Capital Management Inc.

Twin Capital Management Inc. cut its stake in Ralph Lauren Co. (NYSE:RL) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,595 shares of the textile maker’s stock after selling 122 shares during the quarter. Twin Capital Management Inc.’s holdings in Ralph Lauren were worth $807,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Platinum Investment Management Ltd. raised its stake in shares of Ralph Lauren by 13.1% during the 3rd quarter. Platinum Investment Management Ltd. now owns 854 shares of the textile maker’s stock worth $99,000 after buying an additional 99 shares during the period. Spire Wealth Management raised its stake in shares of Ralph Lauren by 47.9% during the 3rd quarter. Spire Wealth Management now owns 315 shares of the textile maker’s stock worth $37,000 after buying an additional 102 shares during the period. CWM LLC raised its stake in shares of Ralph Lauren by 25.2% during the 3rd quarter. CWM LLC now owns 576 shares of the textile maker’s stock worth $67,000 after buying an additional 116 shares during the period. Financial Gravity Asset Management Inc. raised its stake in shares of Ralph Lauren by 99.2% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 245 shares of the textile maker’s stock worth $28,000 after buying an additional 122 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its stake in shares of Ralph Lauren by 5.2% during the 1st quarter. Mercer Global Advisors Inc. ADV now owns 2,454 shares of the textile maker’s stock worth $286,000 after buying an additional 122 shares during the period. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Stock Performance

NYSE RL opened at $158.46 on Friday. The stock has a fifty day simple moving average of $178.17 and a 200-day simple moving average of $147.26. Ralph Lauren Co. has a twelve month low of $103.17 and a twelve month high of $192.03. The company has a current ratio of 2.17, a quick ratio of 1.54 and a debt-to-equity ratio of 0.55. The stock has a market cap of $10.13 billion, a PE ratio of 17.97, a P/E/G ratio of 0.92 and a beta of 1.53.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, February 8th. The textile maker reported $4.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.53 by $0.64. Ralph Lauren had a return on equity of 25.88% and a net margin of 8.90%. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the company earned $3.35 EPS. Ralph Lauren’s revenue was up 5.6% on a year-over-year basis. Equities analysts anticipate that Ralph Lauren Co. will post 10.23 earnings per share for the current year.

Ralph Lauren Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Wednesday, March 27th. Ralph Lauren’s dividend payout ratio is currently 34.01%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on RL shares. The Goldman Sachs Group upped their target price on Ralph Lauren from $132.00 to $151.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. Telsey Advisory Group reissued an “outperform” rating and issued a $195.00 price objective (up from $165.00) on shares of Ralph Lauren in a research note on Thursday, February 8th. StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Monday, January 22nd. UBS Group increased their price objective on Ralph Lauren from $188.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Finally, Raymond James increased their price objective on Ralph Lauren from $135.00 to $154.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Ralph Lauren presently has an average rating of “Moderate Buy” and a consensus price target of $155.64.

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.