4,040 Shares in Ralph Lauren Co. (NYSE:RL) Bought by Abacus FCF Advisors LLC

Abacus FCF Advisors LLC purchased a new stake in Ralph Lauren Co. (NYSE:RL - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 4,040 shares of the textile maker's stock, valued at approximately $933,000.

Several other large investors have also recently made changes to their positions in RL. Burney Co. purchased a new stake in Ralph Lauren during the fourth quarter valued at approximately $5,711,000. Citizens Financial Group Inc. RI acquired a new position in shares of Ralph Lauren during the fourth quarter worth $3,014,000. Amundi lifted its holdings in shares of Ralph Lauren by 8.3% during the 4th quarter. Amundi now owns 195,208 shares of the textile maker's stock valued at $47,444,000 after purchasing an additional 14,889 shares during the last quarter. Keystone Investors PTE Ltd. acquired a new stake in shares of Ralph Lauren in the 4th quarter worth $2,264,000. Finally, CWA Asset Management Group LLC boosted its position in shares of Ralph Lauren by 31.9% in the 4th quarter. CWA Asset Management Group LLC now owns 11,913 shares of the textile maker's stock worth $2,752,000 after purchasing an additional 2,880 shares in the last quarter. 67.91% of the stock is owned by institutional investors.

Ralph Lauren Trading Up 1.7 %

RL stock traded up $3.22 during mid-day trading on Friday, hitting $197.89. 975,330 shares of the company were exchanged, compared to its average volume of 847,618. The business has a fifty day simple moving average of $239.60 and a 200-day simple moving average of $227.56. The firm has a market capitalization of $12.22 billion, a P/E ratio of 18.06, a PEG ratio of 1.73 and a beta of 1.38. Ralph Lauren Co. has a 12-month low of $155.96 and a 12-month high of $289.33. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39.

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

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $3.30 annualized dividend and a yield of 1.67%. Ralph Lauren's dividend payout ratio (DPR) is 30.11%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on RL shares. Guggenheim increased their price objective on shares of Ralph Lauren from $285.00 to $310.00 and gave the company a "buy" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. increased their price target on shares of Ralph Lauren from $285.00 to $342.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Telsey Advisory Group restated an "outperform" rating and issued a $265.00 price objective on shares of Ralph Lauren in a research report on Tuesday, February 4th. Wells Fargo & Company raised shares of Ralph Lauren from an "equal weight" rating to an "overweight" rating and cut their target price for the stock from $275.00 to $240.00 in a research note on Tuesday. Finally, Cowen restated a "buy" rating on shares of Ralph Lauren in a report on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $277.43.

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.