WINTON GROUP Ltd Lowers Stake in Ralph Lauren Co. (NYSE:RL)

WINTON GROUP Ltd decreased its position in Ralph Lauren Co. (NYSE:RL) by 12.6% during the fourth quarter, Holdings Channel reports. The firm owned 4,959 shares of the textile maker’s stock after selling 717 shares during the quarter. WINTON GROUP Ltd’s holdings in Ralph Lauren were worth $1,145,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of RL. Boston Partners raised its holdings in shares of Ralph Lauren by 7.1% in the 4th quarter. Boston Partners now owns 982,927 shares of the textile maker’s stock valued at $227,085,000 after buying an additional 65,303 shares during the period. Geode Capital Management LLC grew its position in Ralph Lauren by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 949,512 shares of the textile maker’s stock valued at $183,787,000 after acquiring an additional 30,694 shares in the last quarter. Holocene Advisors LP increased its stake in Ralph Lauren by 10.2% during the third quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker’s stock worth $162,714,000 after purchasing an additional 78,008 shares during the period. Lord Abbett & CO. LLC acquired a new stake in shares of Ralph Lauren during the third quarter worth about $94,831,000. Finally, Atreides Management LP boosted its stake in shares of Ralph Lauren by 28.3% in the third quarter. Atreides Management LP now owns 377,481 shares of the textile maker’s stock valued at $73,182,000 after purchasing an additional 83,349 shares during the period. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Ralph Lauren Trading Down 4.3 %

RL opened at $215.46 on Friday. The firm has a market cap of $13.31 billion, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50. Ralph Lauren Co. has a 52 week low of $155.96 and a 52 week high of $289.33. The business’s 50 day moving average is $251.01 and its two-hundred day moving average is $225.77. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, beating the consensus estimate of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. On average, research analysts predict that Ralph Lauren Co. will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

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 paid a dividend of $0.825 per share. The ex-dividend date is Friday, March 28th. This represents a $3.30 annualized dividend and a dividend yield of 1.53%. Ralph Lauren’s dividend payout ratio (DPR) is 30.11%.

Analyst Upgrades and Downgrades

RL has been the topic of several recent research reports. UBS Group upped their target price on shares of Ralph Lauren from $332.00 to $348.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $265.00 price target on shares of Ralph Lauren in a research report on Tuesday, February 4th. Argus upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 target price on the stock in a research note on Tuesday, December 31st. The Goldman Sachs Group upgraded shares of Ralph Lauren from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $280.00 to $286.00 in a research note on Tuesday, March 18th. Finally, Wells Fargo & Company increased their price objective on shares of Ralph Lauren from $225.00 to $275.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ralph Lauren presently has a consensus rating of “Moderate Buy” and an average price target of $284.62.

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.