Ralph Lauren Co. (NYSE:RL) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its stake in Ralph Lauren Co. (NYSE:RL) by 12.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,219,825 shares of the textile maker’s stock after selling 172,871 shares during the quarter. Victory Capital Management Inc. owned 1.97% of Ralph Lauren worth $236,487,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. QRG Capital Management Inc. grew its holdings in Ralph Lauren by 2.8% during the 1st quarter. QRG Capital Management Inc. now owns 2,378 shares of the textile maker’s stock worth $447,000 after acquiring an additional 65 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Ralph Lauren by 11.3% during the 3rd quarter. GAMMA Investing LLC now owns 672 shares of the textile maker’s stock worth $130,000 after buying an additional 68 shares during the last quarter. Oak Thistle LLC boosted its position in shares of Ralph Lauren by 6.2% during the 2nd quarter. Oak Thistle LLC now owns 1,236 shares of the textile maker’s stock worth $216,000 after acquiring an additional 72 shares in the last quarter. Mather Group LLC. increased its holdings in shares of Ralph Lauren by 26.3% in the 2nd quarter. Mather Group LLC. now owns 432 shares of the textile maker’s stock valued at $81,000 after acquiring an additional 90 shares during the last quarter. Finally, Atomi Financial Group Inc. raised its position in shares of Ralph Lauren by 8.4% during the 2nd quarter. Atomi Financial Group Inc. now owns 1,156 shares of the textile maker’s stock worth $202,000 after acquiring an additional 90 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Ralph Lauren Stock Performance

RL traded down $3.00 during trading on Tuesday, reaching $210.87. The company’s stock had a trading volume of 202,422 shares, compared to its average volume of 863,611. The company has a market capitalization of $13.06 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 1.76 and a beta of 1.49. The company’s fifty day moving average price is $193.77 and its 200-day moving average price is $179.74. Ralph Lauren Co. has a 52-week low of $113.92 and a 52-week high of $237.16. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.53 and a current ratio of 1.72.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the prior year, the company posted $2.10 earnings per share. Ralph Lauren’s quarterly revenue was up 5.7% on a year-over-year basis. On average, equities analysts forecast that Ralph Lauren Co. will post 11.59 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, October 11th. Investors of record on Friday, September 27th were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren’s dividend payout ratio (DPR) is 31.46%.

Wall Street Analysts Forecast Growth

RL has been the subject of several recent analyst reports. Telsey Advisory Group restated an “outperform” rating and set a $207.00 price objective on shares of Ralph Lauren in a research report on Thursday, November 7th. StockNews.com upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Friday. Wells Fargo & Company lifted their target price on Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Raymond James upped their target price on Ralph Lauren from $215.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday. Finally, TD Cowen raised their price target on Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $223.90.

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.