Inceptionr LLC acquired a new stake in shares of Ralph Lauren Co. (NYSE:RL - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 5,950 shares of the textile maker's stock, valued at approximately $1,374,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of RL. Pacer Advisors Inc. boosted its stake 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 valued at $221,007,000 after acquiring an additional 137,631 shares in the last quarter. Geode Capital Management LLC boosted its stake in Ralph Lauren by 3.3% in the third quarter. Geode Capital Management LLC now owns 949,512 shares of the textile maker's stock valued at $183,787,000 after acquiring an additional 30,694 shares in the last quarter. Holocene Advisors LP boosted its stake in Ralph Lauren by 10.2% in the third quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker's stock valued at $162,714,000 after acquiring an additional 78,008 shares in the last quarter. Jennison Associates LLC boosted its stake in Ralph Lauren by 13.2% in the third quarter. Jennison Associates LLC now owns 520,393 shares of the textile maker's stock valued at $100,889,000 after acquiring an additional 60,610 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Ralph Lauren by 2.8% in 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 acquiring an additional 13,640 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have weighed in on RL shares. Cowen restated a "buy" rating on shares of Ralph Lauren in a research note on Tuesday, February 4th. The Goldman Sachs Group raised their price target on shares of Ralph Lauren from $220.00 to $280.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. TD Cowen raised their price target on shares of Ralph Lauren from $258.00 to $268.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Barclays raised their target price on shares of Ralph Lauren from $257.00 to $310.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Finally, Wells Fargo & Company raised their target price 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. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $284.15.
Read Our Latest Stock Report on RL
Ralph Lauren Price Performance
Shares of NYSE RL traded down $5.83 during trading on Friday, hitting $232.51. The company had a trading volume of 1,003,781 shares, compared to its average volume of 779,896. The stock has a fifty day simple moving average of $255.02 and a two-hundred day simple moving average of $219.91. Ralph Lauren Co. has a fifty-two week low of $155.96 and a fifty-two week high of $289.33. The firm has a market capitalization of $14.36 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39.
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 net margin of 10.14% and a return on equity of 30.88%. On average, research analysts expect that Ralph Lauren Co. will post 12.01 earnings per share for the current year.
Ralph Lauren Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were given 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 yield of 1.42%. Ralph Lauren's payout ratio is presently 30.11%.
Ralph Lauren Company Profile
(
Free Report)
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.
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