Freedom Investment Management Inc. Sells 586 Shares of Ralph Lauren Co. (NYSE:RL)

Freedom Investment Management Inc. lowered its position in shares of Ralph Lauren Co. (NYSE:RL) by 10.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,192 shares of the textile maker’s stock after selling 586 shares during the quarter. Freedom Investment Management Inc.’s holdings in Ralph Lauren were worth $1,199,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in Ralph Lauren by 1,270.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 127 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Ralph Lauren by 281.1% during the fourth quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker’s stock valued at $47,000 after purchasing an additional 149 shares in the last quarter. Pinpoint Asset Management Ltd boosted its position in shares of Ralph Lauren by 22,500.0% during the fourth quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker’s stock valued at $52,000 after buying an additional 225 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new stake in Ralph Lauren in the 4th quarter worth about $63,000. Finally, Versant Capital Management Inc raised its position in Ralph Lauren by 333.3% in the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock worth $81,000 after buying an additional 270 shares during the last quarter. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Ralph Lauren Stock Performance

Shares of NYSE RL opened at $206.51 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31. Ralph Lauren Co. has a 1 year low of $155.96 and a 1 year high of $289.33. The firm has a fifty day moving average price of $233.35 and a 200-day moving average price of $227.65. The stock has a market cap of $12.75 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 1.73 and a beta of 1.38.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (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%. Equities analysts anticipate that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a $0.825 dividend. The ex-dividend date was Friday, March 28th. This represents a $3.30 annualized dividend and a yield of 1.60%. Ralph Lauren’s payout ratio is 30.11%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on RL shares. Raymond James downgraded shares of Ralph Lauren from an “outperform” rating to a “market perform” rating in a report on Monday, January 27th. Argus upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 target price on the stock in a report on Tuesday, December 31st. Needham & Company LLC initiated coverage on shares of Ralph Lauren in a research note on Wednesday, February 12th. They set a “buy” rating and a $310.00 target price for the company. Cfra Research upgraded Ralph Lauren from a “moderate sell” rating to a “hold” rating in a research note on Monday, April 14th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $265.00 target price on shares of Ralph Lauren in a report on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Ralph Lauren presently has an average rating of “Moderate Buy” and a consensus price target of $277.43.

About Ralph Lauren

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.