Pacer Advisors Inc. Lowers Holdings in Ralph Lauren Co. (NYSE:RL)

Pacer Advisors Inc. lowered its position in shares of Ralph Lauren Co. (NYSE:RL) by 14.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 974,851 shares of the textile maker’s stock after selling 165,124 shares during the quarter. Pacer Advisors Inc. owned 1.57% of Ralph Lauren worth $225,171,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in RL. Public Sector Pension Investment Board grew its holdings in Ralph Lauren by 11.4% during the second quarter. Public Sector Pension Investment Board now owns 6,649 shares of the textile maker’s stock worth $1,164,000 after acquiring an additional 683 shares during the period. Bank of Montreal Can increased its holdings in shares of Ralph Lauren by 87.9% in the 2nd quarter. Bank of Montreal Can now owns 59,784 shares of the textile maker’s stock valued at $10,978,000 after purchasing an additional 27,972 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Ralph Lauren by 1.9% during the second quarter. The Manufacturers Life Insurance Company now owns 31,955 shares of the textile maker’s stock worth $5,594,000 after buying an additional 595 shares in the last quarter. Creative Planning grew its position in Ralph Lauren by 15.4% during the second quarter. Creative Planning now owns 1,952 shares of the textile maker’s stock worth $342,000 after buying an additional 261 shares during the period. Finally, Quarry LP increased its holdings in Ralph Lauren by 423.4% in the second quarter. Quarry LP now owns 717 shares of the textile maker’s stock valued at $126,000 after buying an additional 580 shares in the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RL shares. UBS Group upped their price target on Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 8th. The Goldman Sachs Group lifted their price target on Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Guggenheim increased their price objective on shares of Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, October 28th. StockNews.com upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Finally, Raymond James increased their price target on shares of Ralph Lauren from $215.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Ralph Lauren currently has a consensus rating of “Moderate Buy” and an average price target of $228.09.

Ralph Lauren Trading Down 0.1 %

Shares of Ralph Lauren stock opened at $256.17 on Monday. The firm has a market cap of $15.91 billion, a PE ratio of 24.42, a P/E/G ratio of 1.85 and a beta of 1.49. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40. Ralph Lauren Co. has a fifty-two week low of $139.49 and a fifty-two week high of $257.41. The business’s fifty day moving average is $231.00 and its two-hundred day moving average is $200.48.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the company earned $2.10 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. Analysts anticipate that Ralph Lauren Co. will post 11.75 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Friday, December 27th. Ralph Lauren’s dividend payout ratio is currently 31.46%.

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