Ralph Lauren Co. (NYSE:RL) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB cut its holdings in Ralph Lauren Co. (NYSE:RL) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,000 shares of the textile maker’s stock after selling 200 shares during the period. Handelsbanken Fonder AB’s holdings in Ralph Lauren were worth $2,541,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RL. Huntington National Bank grew its holdings in shares of Ralph Lauren by 86.6% during the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after buying an additional 103 shares during the last quarter. True Wealth Design LLC grew its holdings in shares of Ralph Lauren by 8,933.3% during the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock worth $53,000 after buying an additional 268 shares during the last quarter. AM Squared Ltd purchased a new position in shares of Ralph Lauren during the third quarter worth about $58,000. Versant Capital Management Inc grew its holdings in shares of Ralph Lauren by 333.3% during the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock worth $81,000 after buying an additional 270 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. purchased a new position in shares of Ralph Lauren during the third quarter worth about $86,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Ralph Lauren Trading Down 0.9 %

Shares of Ralph Lauren stock opened at $275.17 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31. Ralph Lauren Co. has a 1 year low of $155.96 and a 1 year high of $289.33. The company has a market capitalization of $17.00 billion, a P/E ratio of 25.11, a P/E/G ratio of 1.73 and a beta of 1.49. The business has a 50 day moving average price of $249.81 and a 200 day moving average price of $215.13.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. Sell-side analysts anticipate that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were issued a $0.825 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $3.30 annualized dividend and a yield of 1.20%. Ralph Lauren’s dividend payout ratio (DPR) is presently 30.11%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on RL shares. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $265.00 price objective on shares of Ralph Lauren in a report on Tuesday, February 4th. The Goldman Sachs Group lifted their price target on shares of Ralph Lauren from $220.00 to $280.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Needham & Company LLC started coverage on shares of Ralph Lauren in a research report on Wednesday, February 12th. They set a “buy” rating and a $310.00 price target for the company. Guggenheim lifted their price target on shares of Ralph Lauren from $285.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Barclays lifted their price target on shares of Ralph Lauren from $257.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $284.15.

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