Allspring Global Investments Holdings LLC Reduces Stock Position in Ralph Lauren Co. (NYSE:RL)

Allspring Global Investments Holdings LLC lowered its position in Ralph Lauren Co. (NYSE:RL) by 4.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,869 shares of the textile maker’s stock after selling 78 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Ralph Lauren were worth $433,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. increased its holdings in shares of Ralph Lauren by 4.1% in the fourth quarter. Mather Group LLC. now owns 1,182 shares of the textile maker’s stock worth $273,000 after purchasing an additional 47 shares during the period. M&T Bank Corp increased its holdings in shares of Ralph Lauren by 3.4% in the third quarter. M&T Bank Corp now owns 1,657 shares of the textile maker’s stock worth $321,000 after purchasing an additional 55 shares during the period. Simmons Bank increased its holdings in shares of Ralph Lauren by 2.3% in the third quarter. Simmons Bank now owns 2,703 shares of the textile maker’s stock worth $524,000 after purchasing an additional 62 shares during the period. Commerce Bank increased its holdings in shares of Ralph Lauren by 1.2% in the third quarter. Commerce Bank now owns 5,687 shares of the textile maker’s stock worth $1,103,000 after purchasing an additional 66 shares during the period. Finally, Atomi Financial Group Inc. increased its holdings in shares of Ralph Lauren by 7.4% in the fourth quarter. Atomi Financial Group Inc. now owns 1,274 shares of the textile maker’s stock worth $294,000 after purchasing an additional 88 shares during the period. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Down 0.9 %

Shares of NYSE:RL opened at $275.17 on Tuesday. The stock’s 50-day moving average price is $249.81 and its 200-day moving average price is $215.13. Ralph Lauren Co. has a 12-month low of $155.96 and a 12-month high of $289.33. The stock has a market capitalization of $17.00 billion, a P/E ratio of 25.11, a price-to-earnings-growth ratio of 1.73 and a beta of 1.49. 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 announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts anticipate that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were issued a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.20%. Ralph Lauren’s dividend payout ratio is currently 30.11%.

Wall Street Analysts Forecast Growth

RL has been the topic of several research analyst reports. Wells Fargo & Company upped their price target on shares of Ralph Lauren from $225.00 to $275.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Jefferies Financial Group increased their target price on Ralph Lauren from $285.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. The Goldman Sachs Group increased their target price on Ralph Lauren from $220.00 to $280.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Needham & Company LLC initiated coverage on Ralph Lauren in a research note on Wednesday, February 12th. They issued a “buy” rating and a $310.00 target price on the stock. Finally, Cowen reissued a “buy” rating on shares of Ralph Lauren in a research note on Tuesday, February 4th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Ralph Lauren has a consensus rating of “Moderate Buy” and a consensus target price of $284.15.

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.