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

Gotham Asset Management LLC lessened its holdings in Ralph Lauren Co. (NYSE:RL) by 7.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,547 shares of the textile maker’s stock after selling 7,305 shares during the quarter. Gotham Asset Management LLC owned approximately 0.16% of Ralph Lauren worth $22,531,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in RL. EverSource Wealth Advisors LLC increased its stake in shares of Ralph Lauren by 1,270.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker’s stock valued at $32,000 after buying an additional 127 shares during the period. Jones Financial Companies Lllp boosted its holdings in Ralph Lauren by 281.1% in the fourth quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker’s stock valued at $47,000 after acquiring an additional 149 shares during the last quarter. Pinpoint Asset Management Ltd increased its position in Ralph Lauren by 22,500.0% during the 4th quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker’s stock valued at $52,000 after purchasing an additional 225 shares during the period. Resona Asset Management Co. Ltd. bought a new position in Ralph Lauren during the 4th quarter worth approximately $63,000. Finally, Summit Securities Group LLC acquired a new position in shares of Ralph Lauren in the 4th quarter worth approximately $92,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on RL shares. Wells Fargo & Company upgraded shares of Ralph Lauren from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $275.00 to $240.00 in a research report on Tuesday, April 8th. Cowen reiterated a “buy” rating on shares of Ralph Lauren in a report on Tuesday, February 4th. StockNews.com downgraded Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Tuesday. Needham & Company LLC assumed coverage on Ralph Lauren in a research note on Wednesday, February 12th. They set a “buy” rating and a $310.00 target price for the company. Finally, BNP Paribas raised Ralph Lauren to a “strong-buy” rating in a research note on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $272.14.

Ralph Lauren Stock Performance

RL opened at $248.85 on Friday. The company has a market cap of $15.37 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 1.73 and a beta of 1.44. The company’s fifty day moving average price is $218.95 and its two-hundred day moving average price is $230.55. Ralph Lauren Co. has a 1-year low of $155.96 and a 1-year high of $289.33. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share 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, analysts expect that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

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

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.