Baader Bank Aktiengesellschaft Reduces Stock Position in Ralph Lauren Corporation $RL

Baader Bank Aktiengesellschaft cut its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 50.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,890 shares of the textile maker’s stock after selling 1,887 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Ralph Lauren were worth $668,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund increased its holdings in Ralph Lauren by 0.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,425 shares of the textile maker’s stock worth $1,565,000 after purchasing an additional 31 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. increased its holdings in Ralph Lauren by 0.3% during the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 11,762 shares of the textile maker’s stock worth $3,688,000 after purchasing an additional 32 shares during the last quarter. Johnson Investment Counsel Inc. increased its holdings in Ralph Lauren by 0.4% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 9,311 shares of the textile maker’s stock worth $2,920,000 after purchasing an additional 34 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in Ralph Lauren by 23.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 179 shares of the textile maker’s stock worth $63,000 after purchasing an additional 34 shares during the last quarter. Finally, Polymer Capital Management US LLC increased its holdings in Ralph Lauren by 1.1% during the 3rd quarter. Polymer Capital Management US LLC now owns 3,230 shares of the textile maker’s stock worth $1,013,000 after purchasing an additional 34 shares during the last quarter. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Zacks Research downgraded Ralph Lauren from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Evercore set a $420.00 price target on Ralph Lauren and gave the company an “outperform” rating in a report on Friday, February 6th. Weiss Ratings downgraded Ralph Lauren from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, April 29th. BTIG Research boosted their price target on Ralph Lauren from $435.00 to $450.00 and gave the company a “buy” rating in a report on Friday, May 8th. Finally, Bank of America boosted their price target on Ralph Lauren from $400.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Sixteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Ralph Lauren presently has an average rating of “Moderate Buy” and an average target price of $400.31.

Ralph Lauren Price Performance

Shares of NYSE RL opened at $333.67 on Friday. Ralph Lauren Corporation has a twelve month low of $258.13 and a twelve month high of $393.41. The company has a current ratio of 2.10, a quick ratio of 1.52 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $20.20 billion, a price-to-earnings ratio of 22.71, a price-to-earnings-growth ratio of 1.16 and a beta of 1.37. The business has a 50 day simple moving average of $354.49 and a 200-day simple moving average of $354.82.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 27th were given a dividend of $0.9125 per share. The ex-dividend date was Friday, March 27th. This represents a $3.65 dividend on an annualized basis and a yield of 1.1%. Ralph Lauren’s payout ratio is currently 24.85%.

About Ralph Lauren

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.