Magnetar Financial LLC Buys Shares of 1,202 Ralph Lauren Co. (NYSE:RL)

Magnetar Financial LLC bought a new stake in shares of Ralph Lauren Co. (NYSE:RL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,202 shares of the textile maker's stock, valued at approximately $278,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its holdings in Ralph Lauren by 1,270.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker's stock worth $32,000 after acquiring an additional 127 shares during the period. Jones Financial Companies Lllp lifted its position 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 worth $47,000 after purchasing an additional 149 shares in the last quarter. True Wealth Design LLC boosted its stake in shares of Ralph Lauren by 8,933.3% in the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker's stock valued at $53,000 after purchasing an additional 268 shares during the period. Versant Capital Management Inc grew its holdings in Ralph Lauren by 333.3% during the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker's stock valued at $81,000 after purchasing an additional 270 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. purchased a new stake in Ralph Lauren during the 3rd quarter worth $86,000. 67.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group raised shares of Ralph Lauren from a "neutral" rating to a "buy" rating and upped their price objective for the company from $280.00 to $286.00 in a research report on Tuesday, March 18th. Raymond James downgraded Ralph Lauren from an "outperform" rating to a "market perform" rating in a report on Monday, January 27th. TD Cowen lifted their price objective on Ralph Lauren from $258.00 to $268.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Telsey Advisory Group reiterated an "outperform" rating and set a $265.00 target price on shares of Ralph Lauren in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group lifted their price target on shares of Ralph Lauren from $285.00 to $330.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $284.62.

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Ralph Lauren Stock Performance

Shares of RL traded down $3.04 during midday trading on Wednesday, hitting $228.69. 616,160 shares of the stock traded hands, compared to its average volume of 784,093. The business's 50 day moving average price is $251.76 and its two-hundred day moving average price is $225.49. The firm has a market capitalization of $14.12 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.31 and a current ratio of 1.76. Ralph Lauren Co. has a 1-year low of $155.96 and a 1-year high of $289.33.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its earnings results 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 net margin of 10.14% and a return on equity of 30.88%. Equities research analysts predict that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Friday, March 28th. Ralph Lauren's 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.