Ralph Lauren Co. (NYSE:RL) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its holdings in Ralph Lauren Co. (NYSE:RL) by 6.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 464,715 shares of the textile maker’s stock after selling 31,914 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.74% of Ralph Lauren worth $81,357,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Bridgefront Capital LLC grew its position in shares of Ralph Lauren by 251.5% in the fourth quarter. Bridgefront Capital LLC now owns 12,330 shares of the textile maker’s stock valued at $1,778,000 after purchasing an additional 8,822 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Ralph Lauren by 11.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 63,743 shares of the textile maker’s stock worth $11,968,000 after acquiring an additional 6,378 shares during the last quarter. Bessemer Group Inc. boosted its position in Ralph Lauren by 708.2% during the first quarter. Bessemer Group Inc. now owns 9,020 shares of the textile maker’s stock worth $1,694,000 after acquiring an additional 7,904 shares during the last quarter. Artemis Investment Management LLP boosted its position in Ralph Lauren by 11,052.5% during the first quarter. Artemis Investment Management LLP now owns 177,548 shares of the textile maker’s stock worth $33,325,000 after acquiring an additional 175,956 shares during the last quarter. Finally, Sei Investments Co. boosted its position in Ralph Lauren by 124.3% during the first quarter. Sei Investments Co. now owns 32,173 shares of the textile maker’s stock worth $6,041,000 after acquiring an additional 17,827 shares during the last quarter. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on RL shares. Barclays raised their target price on shares of Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. StockNews.com lowered shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Friday, September 6th. TD Cowen decreased their target price on shares of Ralph Lauren from $196.00 to $193.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Argus reaffirmed a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, July 2nd. Finally, Telsey Advisory Group increased their price target on shares of Ralph Lauren from $195.00 to $207.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Ralph Lauren presently has an average rating of “Moderate Buy” and an average target price of $186.00.

Ralph Lauren Stock Performance

Shares of RL stock opened at $189.31 on Thursday. The company’s fifty day simple moving average is $171.26 and its 200-day simple moving average is $173.61. Ralph Lauren Co. has a 52 week low of $108.60 and a 52 week high of $192.03. The company has a current ratio of 2.19, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59. The company has a market cap of $11.83 billion, a PE ratio of 19.48, a P/E/G ratio of 1.52 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last issued its earnings results on Wednesday, August 7th. The textile maker reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.25. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the firm posted $2.34 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Ralph Lauren Co. will post 11.23 EPS for the current year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Friday, September 27th. Ralph Lauren’s dividend payout ratio is presently 33.95%.

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.