Exchange Traded Concepts LLC Sells 1,290 Shares of Ralph Lauren Co. (NYSE:RL)

Exchange Traded Concepts LLC trimmed its position in Ralph Lauren Co. (NYSE:RL) by 26.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,513 shares of the textile maker’s stock after selling 1,290 shares during the period. Exchange Traded Concepts LLC’s holdings in Ralph Lauren were worth $811,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Huntington National Bank boosted its stake in Ralph Lauren by 86.6% in the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock valued at $43,000 after acquiring an additional 103 shares during the last quarter. True Wealth Design LLC boosted its stake in Ralph Lauren by 8,933.3% in the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock valued at $53,000 after acquiring an additional 268 shares during the last quarter. AM Squared Ltd purchased a new position in Ralph Lauren in the third quarter valued at about $58,000. Quent Capital LLC boosted its stake in Ralph Lauren by 181.7% in the third quarter. Quent Capital LLC now owns 400 shares of the textile maker’s stock valued at $78,000 after acquiring an additional 258 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in Ralph Lauren by 333.3% in the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock valued at $81,000 after acquiring an additional 270 shares during the last quarter. 67.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RL has been the topic of a number of research analyst reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $207.00 target price on shares of Ralph Lauren in a research note on Thursday, November 7th. 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 research note on Friday, November 8th. BNP Paribas upgraded shares of Ralph Lauren to a “strong-buy” rating in a research note on Thursday, January 23rd. TD Cowen upped their price target on shares of Ralph Lauren from $208.00 to $251.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, StockNews.com upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $244.91.

Ralph Lauren Price Performance

Shares of NYSE:RL opened at $256.68 on Thursday. The company’s fifty day moving average price is $233.93 and its 200-day moving average price is $201.85. The firm has a market capitalization of $15.94 billion, a price-to-earnings ratio of 24.47, a PEG ratio of 1.85 and a beta of 1.49. Ralph Lauren Co. has a one year low of $142.26 and a one year high of $260.77. 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 released its earnings results on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, beating the consensus estimate of $2.43 by $0.11. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.10 EPS. On average, equities research analysts anticipate that Ralph Lauren Co. will post 11.75 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

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

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.