Nisa Investment Advisors LLC Has $862,000 Stock Position in Ralph Lauren Co. (NYSE:RL)

Nisa Investment Advisors LLC cut its position in Ralph Lauren Co. (NYSE:RL) by 22.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,981 shares of the textile maker’s stock after selling 1,707 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Ralph Lauren were worth $862,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of RL. Financial Gravity Asset Management Inc. grew its position in shares of Ralph Lauren by 99.2% in the third quarter. Financial Gravity Asset Management Inc. now owns 245 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 122 shares during the last quarter. Spire Wealth Management grew its holdings in Ralph Lauren by 47.9% in the 3rd quarter. Spire Wealth Management now owns 315 shares of the textile maker’s stock valued at $37,000 after buying an additional 102 shares during the last quarter. Ronald Blue Trust Inc. increased its position in Ralph Lauren by 119.9% in the 3rd quarter. Ronald Blue Trust Inc. now owns 343 shares of the textile maker’s stock worth $42,000 after buying an additional 187 shares during the period. Headlands Technologies LLC acquired a new position in shares of Ralph Lauren during the third quarter worth approximately $46,000. Finally, Penserra Capital Management LLC boosted its position in shares of Ralph Lauren by 98.9% in the third quarter. Penserra Capital Management LLC now owns 527 shares of the textile maker’s stock valued at $60,000 after acquiring an additional 262 shares during the period. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Ralph Lauren Price Performance

Ralph Lauren stock opened at $160.16 on Tuesday. The business has a 50 day simple moving average of $178.28 and a 200 day simple moving average of $146.49. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.17 and a quick ratio of 1.54. The company has a market capitalization of $10.24 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 0.93 and a beta of 1.53. Ralph Lauren Co. has a one year low of $103.17 and a one year high of $192.03.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, February 8th. The textile maker reported $4.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.53 by $0.64. Ralph Lauren had a return on equity of 25.88% and a net margin of 8.90%. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the business earned $3.35 earnings per share. The business’s revenue was up 5.6% on a year-over-year basis. On average, sell-side analysts forecast that Ralph Lauren Co. will post 10.23 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.75 per share. The ex-dividend date was Wednesday, March 27th. This represents a $3.00 annualized dividend and a yield of 1.87%. Ralph Lauren’s dividend payout ratio is 34.01%.

Analysts Set New Price Targets

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

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