Gotham Asset Management LLC Sells 7,305 Shares of Ralph Lauren Co. (NYSE:RL)

Gotham Asset Management LLC decreased its position in Ralph Lauren Co. (NYSE:RL) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 97,547 shares of the textile maker’s stock after selling 7,305 shares during the period. Gotham Asset Management LLC’s holdings in Ralph Lauren were worth $22,531,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Mather Group LLC. grew its position in Ralph Lauren by 4.1% during the fourth quarter. Mather Group LLC. now owns 1,182 shares of the textile maker’s stock valued at $273,000 after buying an additional 47 shares during the period. Asset Management One Co. Ltd. boosted its stake in Ralph Lauren by 6.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,005 shares of the textile maker’s stock valued at $231,000 after acquiring an additional 62 shares during the last quarter. TD Private Client Wealth LLC grew its position in shares of Ralph Lauren by 19.6% during the 4th quarter. TD Private Client Wealth LLC now owns 446 shares of the textile maker’s stock valued at $103,000 after acquiring an additional 73 shares during the period. Twin Capital Management Inc. increased its stake in shares of Ralph Lauren by 1.5% during the 4th quarter. Twin Capital Management Inc. now owns 5,659 shares of the textile maker’s stock worth $1,307,000 after purchasing an additional 85 shares during the last quarter. Finally, Atomi Financial Group Inc. raised its holdings in shares of Ralph Lauren by 7.4% in the 4th quarter. Atomi Financial Group Inc. now owns 1,274 shares of the textile maker’s stock worth $294,000 after purchasing an additional 88 shares during the period. Institutional investors own 67.91% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on RL. Raymond James downgraded Ralph Lauren from an “outperform” rating to a “market perform” rating in a research report on Monday, January 27th. StockNews.com lowered Ralph Lauren from a “buy” rating to a “hold” rating in a report on Tuesday. TD Cowen upped their price objective on shares of Ralph Lauren from $258.00 to $268.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Cowen reiterated a “buy” rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. Finally, UBS Group boosted their price target on shares of Ralph Lauren from $332.00 to $348.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $272.14.

Ralph Lauren Trading Down 1.0 %

Ralph Lauren stock opened at $248.85 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.31 and a current ratio of 1.76. Ralph Lauren Co. has a fifty-two week low of $155.96 and a fifty-two week high of $289.33. The stock has a market cap of $15.37 billion, a P/E ratio of 22.71, a PEG ratio of 1.73 and a beta of 1.44. The firm’s fifty day moving average price is $218.95 and its 200-day moving average price is $230.55.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, topping analysts’ consensus estimates of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. Equities research analysts forecast that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Friday, March 28th. Ralph Lauren’s dividend payout ratio (DPR) is 30.11%.

About Ralph Lauren

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.