HS Management Partners LLC Sells 43,960 Shares of Ralph Lauren Co. (NYSE:RL)

HS Management Partners LLC trimmed its position in shares of Ralph Lauren Co. (NYSE:RL) by 14.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 262,919 shares of the textile maker’s stock after selling 43,960 shares during the period. Ralph Lauren accounts for approximately 4.2% of HS Management Partners LLC’s portfolio, making the stock its 15th largest holding. HS Management Partners LLC owned 0.42% of Ralph Lauren worth $60,729,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Burney Co. bought a new position in shares of Ralph Lauren in the fourth quarter worth $5,711,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Ralph Lauren by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker’s stock worth $95,537,000 after acquiring an additional 13,640 shares during the period. Bridgewater Associates LP boosted its holdings in shares of Ralph Lauren by 145.8% in the third quarter. Bridgewater Associates LP now owns 59,927 shares of the textile maker’s stock worth $11,618,000 after acquiring an additional 35,550 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Ralph Lauren in the third quarter worth $1,819,000. Finally, CWA Asset Management Group LLC boosted its holdings in shares of Ralph Lauren by 31.9% in the fourth quarter. CWA Asset Management Group LLC now owns 11,913 shares of the textile maker’s stock worth $2,752,000 after acquiring an additional 2,880 shares during the period. 67.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RL has been the topic of a number of recent analyst reports. BNP Paribas upgraded Ralph Lauren to a “strong-buy” rating in a research report on Thursday, January 23rd. Needham & Company LLC initiated coverage on Ralph Lauren in a research report on Wednesday, February 12th. They issued a “buy” rating and a $310.00 price objective on the stock. Cowen reiterated a “buy” rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. Guggenheim increased their price objective on Ralph Lauren from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Jefferies Financial Group increased their price objective on Ralph Lauren from $285.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Ralph Lauren has a consensus rating of “Moderate Buy” and an average price target of $284.15.

Ralph Lauren Trading Down 1.2 %

NYSE RL opened at $249.79 on Thursday. The stock’s 50-day simple moving average is $254.55 and its two-hundred day simple moving average is $219.57. Ralph Lauren Co. has a twelve month low of $155.96 and a twelve month high of $289.33. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $15.43 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 1.73 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, topping the consensus estimate of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. Research analysts forecast that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were issued a $0.825 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $3.30 annualized dividend and a dividend yield of 1.32%. Ralph Lauren’s dividend payout ratio is currently 30.11%.

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.