Ralph Lauren Co. (NYSE:RL) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. reduced its stake in shares of Ralph Lauren Co. (NYSE:RL) by 14.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 974,851 shares of the textile maker’s stock after selling 165,124 shares during the period. Pacer Advisors Inc.’s holdings in Ralph Lauren were worth $225,171,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. M&T Bank Corp raised its stake in shares of Ralph Lauren by 3.4% during the third quarter. M&T Bank Corp now owns 1,657 shares of the textile maker’s stock valued at $321,000 after purchasing an additional 55 shares during the period. Simmons Bank increased its stake in Ralph Lauren by 2.3% during the 3rd quarter. Simmons Bank now owns 2,703 shares of the textile maker’s stock worth $524,000 after buying an additional 62 shares during the period. Commerce Bank lifted its holdings in Ralph Lauren by 1.2% in the 3rd quarter. Commerce Bank now owns 5,687 shares of the textile maker’s stock worth $1,103,000 after buying an additional 66 shares in the last quarter. GAMMA Investing LLC boosted its position in Ralph Lauren by 11.3% in the 3rd quarter. GAMMA Investing LLC now owns 672 shares of the textile maker’s stock valued at $130,000 after buying an additional 68 shares during the last quarter. Finally, Atomi Financial Group Inc. grew its stake in shares of Ralph Lauren by 7.4% during the fourth quarter. Atomi Financial Group Inc. now owns 1,274 shares of the textile maker’s stock valued at $294,000 after acquiring an additional 88 shares in the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on RL. Raymond James boosted their price target on Ralph Lauren from $215.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Argus upgraded Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 target price for the company in a research note on Tuesday, December 31st. The Goldman Sachs Group raised their price target on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Barclays upped their price target on shares of Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Finally, Guggenheim raised their price objective on shares of Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $228.09.

Ralph Lauren Trading Down 0.1 %

NYSE RL opened at $256.17 on Monday. 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 one year low of $139.49 and a one year high of $257.41. The company has a 50-day simple moving average of $231.00 and a 200-day simple moving average of $200.48. The firm has a market capitalization of $15.91 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 1.85 and a beta of 1.49.

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

Ralph Lauren Dividend Announcement

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

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.