Ralph Lauren Co. (NYSE:RL) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its stake in shares of Ralph Lauren Co. (NYSE:RL) by 8.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,416 shares of the textile maker’s stock after selling 583 shares during the quarter. Yousif Capital Management LLC’s holdings in Ralph Lauren were worth $925,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Jennison Associates LLC increased its holdings in Ralph Lauren by 71.6% in the 4th quarter. Jennison Associates LLC now owns 794,127 shares of the textile maker’s stock worth $114,513,000 after buying an additional 331,413 shares during the period. Boston Partners acquired a new position in shares of Ralph Lauren in the 3rd quarter valued at about $84,288,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Ralph Lauren by 4.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 472,234 shares of the textile maker’s stock worth $54,822,000 after buying an additional 19,814 shares during the last quarter. Northern Trust Corp grew its holdings in Ralph Lauren by 5.2% during the third quarter. Northern Trust Corp now owns 472,046 shares of the textile maker’s stock worth $54,800,000 after acquiring an additional 23,441 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Ralph Lauren by 6.8% during the third quarter. Bank of New York Mellon Corp now owns 442,295 shares of the textile maker’s stock valued at $51,346,000 after acquiring an additional 28,051 shares in the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Trading Up 1.0 %

Shares of RL opened at $166.64 on Friday. Ralph Lauren Co. has a 52-week low of $103.17 and a 52-week high of $192.03. The stock has a market cap of $10.65 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 0.97 and a beta of 1.55. The firm’s fifty day moving average is $174.99 and its two-hundred day moving average is $151.22. The company has a quick ratio of 1.54, a current ratio of 2.17 and a debt-to-equity ratio of 0.55.

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

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Wednesday, March 27th. Ralph Lauren’s dividend payout ratio (DPR) is presently 34.01%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. 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 note on Thursday, February 8th. Raymond James lifted their price objective on shares of Ralph Lauren from $135.00 to $154.00 and gave the company an “outperform” rating in a report on Tuesday, January 30th. The Goldman Sachs Group increased their target price on shares of Ralph Lauren from $132.00 to $151.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. UBS Group lifted their price target 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, Jefferies Financial Group began coverage on Ralph Lauren in a research report on Tuesday, April 30th. They set a “buy” rating and a $195.00 price target on the stock. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $158.92.

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.