Thrivent Financial for Lutherans Sells 1,901 Shares of Ralph Lauren Co. (NYSE:RL)

Thrivent Financial for Lutherans lessened its position in shares of Ralph Lauren Co. (NYSE:RL) by 22.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,666 shares of the textile maker’s stock after selling 1,901 shares during the period. Thrivent Financial for Lutherans’ holdings in Ralph Lauren were worth $1,540,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of RL. EverSource Wealth Advisors LLC grew its position in shares of Ralph Lauren by 1,270.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker’s stock worth $32,000 after buying an additional 127 shares during the period. Jones Financial Companies Lllp grew 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 worth $47,000 after purchasing an additional 149 shares during the period. True Wealth Design LLC increased 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 purchasing an additional 268 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Ralph Lauren by 333.3% during the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock valued at $81,000 after purchasing an additional 270 shares during the period. Finally, Erste Asset Management GmbH bought a new position in shares of Ralph Lauren during the 3rd quarter worth about $97,000. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

Shares of RL opened at $215.46 on Monday. The stock has a 50 day moving average of $251.01 and a 200 day moving average of $226.51. The company has a market capitalization of $13.31 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 1.73 and a beta of 1.50. Ralph Lauren Co. has a 12 month low of $155.96 and a 12 month 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 released its earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, topping analysts’ consensus estimates of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. As a group, sell-side analysts forecast that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, March 28th. Ralph Lauren’s dividend payout ratio is currently 30.11%.

Analyst Ratings Changes

A number of brokerages recently commented on RL. Needham & Company LLC assumed coverage on Ralph Lauren in a research report on Wednesday, February 12th. They issued a “buy” rating and a $310.00 target price for the company. Raymond James lowered Ralph Lauren from an “outperform” rating to a “market perform” rating in a research report on Monday, January 27th. Wells Fargo & Company lifted their price target 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. TD Cowen upped their price objective on shares of Ralph Lauren from $258.00 to $268.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Finally, Guggenheim raised their price objective on shares of Ralph Lauren from $285.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $284.62.

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.