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

Hilton Capital Management LLC trimmed its position in shares of Ralph Lauren Co. (NYSE:RL) by 5.1% during the third quarter, HoldingsChannel reports. The fund owned 12,215 shares of the textile maker’s stock after selling 652 shares during the quarter. Hilton Capital Management LLC’s holdings in Ralph Lauren were worth $2,368,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Family Firm Inc. acquired a new position in Ralph Lauren during the 2nd quarter worth approximately $30,000. Gladius Capital Management LP acquired a new position in Ralph Lauren during the second quarter worth $31,000. Versant Capital Management Inc raised its position in Ralph Lauren by 1,775.0% in the second quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after acquiring an additional 213 shares in the last quarter. Huntington National Bank lifted its holdings in Ralph Lauren by 86.6% in the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock valued at $43,000 after acquiring an additional 103 shares during the period. Finally, AM Squared Ltd purchased a new stake in shares of Ralph Lauren during the 3rd quarter worth $58,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

Analyst Upgrades and Downgrades

RL has been the subject of a number of research analyst reports. The Goldman Sachs Group increased their price target on shares of Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Raymond James increased their target price on shares of Ralph Lauren from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 8th. UBS Group boosted their price target on Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Guggenheim raised their price objective on Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Cfra set a $171.00 target price on Ralph Lauren in a research report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $223.90.

Ralph Lauren Stock Performance

Ralph Lauren stock opened at $205.53 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.18 and a current ratio of 1.72. Ralph Lauren Co. has a fifty-two week low of $120.95 and a fifty-two week high of $237.16. The stock has a fifty day moving average of $198.06 and a two-hundred day moving average of $181.58. The company has a market capitalization of $12.76 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 1.60 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.11. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.10 earnings per share. On average, analysts anticipate that Ralph Lauren Co. will post 11.71 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a dividend of $0.825 per share. The ex-dividend date was Friday, September 27th. This represents a $3.30 annualized dividend and a yield of 1.61%. 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.