Pictet Asset Management Holding SA Lowers Stock Position in Ralph Lauren Co. (NYSE:RL)

Pictet Asset Management Holding SA lessened its stake in Ralph Lauren Co. (NYSE:RL) by 20.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 346,891 shares of the textile maker’s stock after selling 88,513 shares during the period. Pictet Asset Management Holding SA owned approximately 0.56% of Ralph Lauren worth $80,125,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in shares of Ralph Lauren by 1,270.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker’s stock valued at $32,000 after buying an additional 127 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Ralph Lauren by 281.1% during the fourth quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker’s stock worth $47,000 after acquiring an additional 149 shares in the last quarter. True Wealth Design LLC lifted its holdings in shares of Ralph Lauren by 8,933.3% in the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock worth $53,000 after acquiring an additional 268 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Ralph Lauren by 333.3% in the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock worth $81,000 after acquiring an additional 270 shares during the last quarter. Finally, Erste Asset Management GmbH purchased a new stake in shares of Ralph Lauren in the 3rd quarter valued at $97,000. Institutional investors own 67.91% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on RL shares. Argus raised shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price target for the company in a research note on Tuesday, December 31st. Cowen reissued a “buy” rating on shares of Ralph Lauren in a research note on Tuesday, February 4th. Jefferies Financial Group raised their price target on Ralph Lauren from $285.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Raymond James downgraded Ralph Lauren from an “outperform” rating to a “market perform” rating in a research report on Monday, January 27th. Finally, Guggenheim raised their target price on shares of Ralph Lauren from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Ralph Lauren has an average rating of “Moderate Buy” and an average target price of $284.62.

Ralph Lauren Trading Down 4.3 %

NYSE:RL opened at $215.46 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. Ralph Lauren Co. has a 12 month low of $155.96 and a 12 month high of $289.33. The company has a 50-day moving average price of $251.01 and a 200-day moving average price of $226.14. The stock has a market cap of $13.31 billion, a price-to-earnings ratio of 19.66, a P/E/G ratio of 1.73 and a beta of 1.50.

Ralph Lauren (NYSE:RL) last announced its earnings results 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%. Equities analysts predict that Ralph Lauren Co. will post 12.01 EPS for the current year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, March 28th. Ralph Lauren’s dividend payout ratio (DPR) is presently 30.11%.

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.