Poinciana Advisors Group LLC Acquires New Holdings in Ralph Lauren Co. (NYSE:RL)

Poinciana Advisors Group LLC acquired a new position in shares of Ralph Lauren Co. (NYSE:RL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,539 shares of the textile maker's stock, valued at approximately $355,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. increased its position in Ralph Lauren by 13.7% in the third quarter. Pacer Advisors Inc. now owns 1,139,975 shares of the textile maker's stock worth $221,007,000 after buying an additional 137,631 shares during the period. Geode Capital Management LLC increased its holdings in shares of Ralph Lauren by 3.3% during the third quarter. Geode Capital Management LLC now owns 949,512 shares of the textile maker's stock valued at $183,787,000 after purchasing an additional 30,694 shares during the period. Holocene Advisors LP increased its holdings in shares of Ralph Lauren by 10.2% during the third quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker's stock valued at $162,714,000 after purchasing an additional 78,008 shares during the period. Jennison Associates LLC increased its holdings in shares of Ralph Lauren by 13.2% during the third quarter. Jennison Associates LLC now owns 520,393 shares of the textile maker's stock valued at $100,889,000 after purchasing an additional 60,610 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Ralph Lauren by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker's stock valued at $95,537,000 after purchasing an additional 13,640 shares during the period. Institutional investors and hedge funds own 67.91% of the company's stock.

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Ralph Lauren Stock Up 1.9 %

Shares of RL traded up $4.22 during midday trading on Wednesday, reaching $224.04. 944,404 shares of the stock were exchanged, compared to its average volume of 779,875. Ralph Lauren Co. has a 12-month low of $155.96 and a 12-month high of $289.33. The firm has a 50 day simple moving average of $253.01 and a 200-day simple moving average of $223.51. 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 cap of $13.84 billion, a price-to-earnings ratio of 20.44, a P/E/G ratio of 1.73 and a beta of 1.50.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share 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%. Research analysts forecast that Ralph Lauren Co. will post 12.01 EPS for the current year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, March 28th. Ralph Lauren's payout ratio is 30.11%.

Wall Street Analysts Forecast Growth

RL has been the subject of several research reports. BNP Paribas raised Ralph Lauren to a "strong-buy" rating in a research note on Thursday, January 23rd. UBS Group raised their target price on Ralph Lauren from $332.00 to $348.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Wells Fargo & Company raised their target price on Ralph Lauren from $225.00 to $275.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. Needham & Company LLC started coverage on Ralph Lauren in a research report on Wednesday, February 12th. They issued a "buy" rating and a $310.00 price target for the company. Finally, JPMorgan Chase & Co. increased their price target on Ralph Lauren from $285.00 to $342.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Two equities research 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $284.62.

Ralph Lauren 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.