E Fund Management Co. Ltd. Acquires New Holdings in Ralph Lauren Co. (NYSE:RL)

E Fund Management Co. Ltd. purchased a new position in shares of Ralph Lauren Co. (NYSE:RL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,143 shares of the textile maker's stock, valued at approximately $495,000.

A number of other large investors also recently bought and sold shares of the stock. Jones Financial Companies Lllp increased its position in shares of Ralph Lauren by 281.1% in the fourth quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker's stock worth $47,000 after acquiring an additional 149 shares in the last quarter. Huntington National Bank increased its position in shares of Ralph Lauren by 86.6% in the third quarter. Huntington National Bank now owns 222 shares of the textile maker's stock worth $43,000 after acquiring an additional 103 shares in the last quarter. True Wealth Design LLC increased its position 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 worth $53,000 after acquiring an additional 268 shares in the last quarter. AM Squared Ltd acquired a new stake in shares of Ralph Lauren in the third quarter worth $58,000. Finally, Versant Capital Management Inc increased its position in shares of Ralph Lauren by 333.3% in the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker's stock worth $81,000 after acquiring an additional 270 shares in the last quarter. Hedge funds and other institutional investors own 67.91% of the company's stock.

Ralph Lauren Stock Up 2.0 %

RL stock traded up $4.33 during mid-day trading on Tuesday, hitting $222.73. 1,443,491 shares of the company were exchanged, compared to its average volume of 784,325. The company has a market capitalization of $13.76 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50. 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 Co. has a twelve month low of $155.96 and a twelve month high of $289.33. The firm has a fifty day simple moving average of $255.08 and a 200 day simple moving average of $221.09.

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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 (EPS) for the quarter, topping analysts' consensus estimates of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. On average, research analysts forecast that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were given a $0.825 dividend. 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 1.48%. Ralph Lauren's payout ratio is currently 30.11%.

Analyst Upgrades and Downgrades

RL has been the subject of several recent research reports. Jefferies Financial Group increased their price objective on shares of Ralph Lauren from $285.00 to $330.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $265.00 price target on shares of Ralph Lauren in a report on Tuesday, February 4th. StockNews.com raised shares of Ralph Lauren from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Guggenheim raised their price target on shares of Ralph Lauren from $285.00 to $310.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, Needham & Company LLC initiated coverage on shares of Ralph Lauren in a report on Wednesday, February 12th. They set a "buy" rating and a $310.00 price target for the company. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $284.15.

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.