Ralph Lauren Co. (NYSE:RL) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank decreased its stake in shares of Ralph Lauren Co. (NYSE:RL) by 38.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,391 shares of the textile maker’s stock after selling 5,897 shares during the period. Toronto Dominion Bank’s holdings in Ralph Lauren were worth $1,821,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in RL. Pacer Advisors Inc. boosted its position in Ralph Lauren by 12,493.8% during the second quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker’s stock worth $175,470,000 after acquiring an additional 994,385 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Ralph Lauren by 158.1% during the second quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock worth $149,478,000 after purchasing an additional 528,778 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Ralph Lauren by 42.2% in the second quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker’s stock valued at $111,760,000 after purchasing an additional 189,600 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in Ralph Lauren by 3,520.3% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 120,231 shares of the textile maker’s stock valued at $21,047,000 after purchasing an additional 116,910 shares during the last quarter. Finally, Atreides Management LP lifted its position in Ralph Lauren by 28.3% during the third quarter. Atreides Management LP now owns 377,481 shares of the textile maker’s stock worth $73,182,000 after buying an additional 83,349 shares during the period. 67.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the company. StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Cfra set a $171.00 price target on shares of Ralph Lauren in a research report on Thursday, October 17th. The Goldman Sachs Group upped their price target on Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Raymond James lifted their price objective on shares of Ralph Lauren from $215.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Wells Fargo & Company boosted their target price on shares of Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Ralph Lauren presently has a consensus rating of “Moderate Buy” and a consensus price target of $223.90.

Ralph Lauren Trading Up 0.6 %

NYSE RL opened at $227.45 on Monday. The company’s fifty day moving average price is $211.34 and its two-hundred day moving average price is $188.57. The company has a market capitalization of $14.12 billion, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 1.69 and a beta of 1.50. Ralph Lauren Co. has a 12 month low of $134.90 and a 12 month high of $237.16. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 EPS 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 business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period last year, the firm earned $2.10 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, research analysts predict that Ralph Lauren Co. will post 11.71 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.45%. Ralph Lauren’s dividend payout ratio (DPR) is 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.