Swiss National Bank Sells 3,700 Shares of Ralph Lauren Co. (NYSE:RL)

Swiss National Bank trimmed its position in shares of Ralph Lauren Co. (NYSE:RL – Get Rating) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,500 shares of the textile maker’s stock after selling 3,700 shares during the period. Swiss National Bank owned 0.16% of Ralph Lauren worth $10,937,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of RL. NorthCrest Asset Manangement LLC grew its holdings in Ralph Lauren by 1.9% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 4,400 shares of the textile maker’s stock valued at $465,000 after buying an additional 80 shares in the last quarter. Fifth Third Bancorp lifted its stake in Ralph Lauren by 9.9% in the 4th quarter. Fifth Third Bancorp now owns 1,073 shares of the textile maker’s stock worth $113,000 after purchasing an additional 97 shares in the last quarter. Verdence Capital Advisors LLC boosted its holdings in shares of Ralph Lauren by 3.4% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,354 shares of the textile maker’s stock valued at $285,000 after purchasing an additional 111 shares during the last quarter. AMG National Trust Bank grew its position in shares of Ralph Lauren by 1.2% during the fourth quarter. AMG National Trust Bank now owns 10,248 shares of the textile maker’s stock valued at $1,083,000 after purchasing an additional 124 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its position in shares of Ralph Lauren by 6.6% in the third quarter. Kestra Advisory Services LLC now owns 2,676 shares of the textile maker’s stock worth $227,000 after buying an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Ralph Lauren Trading Up 0.8 %

NYSE RL opened at $113.25 on Tuesday. Ralph Lauren Co. has a 12 month low of $82.23 and a 12 month high of $128.94. The company’s 50-day moving average price is $114.12 and its 200-day moving average price is $112.56. The stock has a market cap of $7.47 billion, a PE ratio of 15.20, a PEG ratio of 1.30 and a beta of 1.39. The company has a current ratio of 2.08, a quick ratio of 1.37 and a debt-to-equity ratio of 0.59.

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Friday, March 31st were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend was Thursday, March 30th. Ralph Lauren’s dividend payout ratio (DPR) is presently 40.27%.

Analyst Ratings Changes

Several equities analysts have weighed in on RL shares. UBS Group cut their price target on Ralph Lauren from $157.00 to $154.00 and set a “buy” rating for the company in a report on Wednesday, March 29th. OTR Global raised shares of Ralph Lauren to a “positive” rating in a research note on Friday, April 28th. Credit Suisse Group lifted their price objective on shares of Ralph Lauren from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, February 10th. StockNews.com started coverage on shares of Ralph Lauren in a research report on Thursday, March 16th. They set a “buy” rating on the stock. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $140.00 price target on shares of Ralph Lauren in a research report on Thursday, February 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.57.

Ralph Lauren Company Profile

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Ralph Lauren Corp. engages in the design, marketing, and distribution of luxury lifestyle products, including apparel, footwear and accessories, home, fragrances, and hospitality categories. The firm offers products under the brands of Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, and Chaps.