First American Trust FSB decreased its position in shares of Ralph Lauren Corp (NYSE:RL) by 34.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,465 shares of the textile maker’s stock after selling 9,576 shares during the quarter. First American Trust FSB’s holdings in Ralph Lauren were worth $1,911,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in RL. Point72 Hong Kong Ltd acquired a new position in shares of Ralph Lauren during the 2nd quarter valued at about $150,000. Lourd Capital LLC acquired a new position in Ralph Lauren in the third quarter valued at about $205,000. Engineers Gate Manager LP acquired a new position in Ralph Lauren in the third quarter valued at about $206,000. Janney Montgomery Scott LLC acquired a new position in Ralph Lauren in the third quarter valued at about $245,000. Finally, BB&T Securities LLC acquired a new position in Ralph Lauren in the second quarter valued at about $250,000. 69.41% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have recently issued reports on RL shares. Zacks Investment Research cut shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Tuesday. Piper Jaffray Companies set a $106.00 price target on shares of Ralph Lauren and gave the stock a “hold” rating in a research report on Monday, December 31st. Barclays raised shares of Ralph Lauren from an “underweight” rating to an “equal weight” rating in a research report on Friday. Needham & Company LLC raised shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research report on Thursday. Finally, UBS Group raised shares of Ralph Lauren from a “sell” rating to a “neutral” rating in a research report on Monday. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $134.41.

Shares of RL stock traded down $1.43 during trading hours on Friday, reaching $105.43. 1,081,180 shares of the stock were exchanged, compared to its average volume of 942,821. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.17 and a current ratio of 2.98. Ralph Lauren Corp has a 12-month low of $95.63 and a 12-month high of $147.79. The firm has a market capitalization of $8.80 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 1.54 and a beta of 0.63.

Ralph Lauren (NYSE:RL) last released its earnings results on Tuesday, November 6th. The textile maker reported $2.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.10. Ralph Lauren had a net margin of 3.82% and a return on equity of 16.19%. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the prior year, the firm earned $1.99 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. Equities analysts forecast that Ralph Lauren Corp will post 6.78 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Friday, December 28th will be paid a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, December 27th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.37%. Ralph Lauren’s payout ratio is 41.46%.

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About Ralph Lauren

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. It offers apparel, including a range of men's, women's, and children's clothing accessories, which comprise footwear, eyewear, watches, fashion and fine jewelry, hats, gloves, umbrellas, belts, and leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, tabletops, floorcoverings, and giftware; and fragrances.

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Institutional Ownership by Quarter for Ralph Lauren (NYSE:RL)

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