Ralph Lauren Co. (NYSE:RL) Shares Bought by Aigen Investment Management LP

Aigen Investment Management LP boosted its stake in Ralph Lauren Co. (NYSE:RL - Free Report) by 281.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,768 shares of the textile maker's stock after acquiring an additional 16,805 shares during the period. Ralph Lauren accounts for 0.9% of Aigen Investment Management LP's portfolio, making the stock its 10th largest position. Aigen Investment Management LP's holdings in Ralph Lauren were worth $4,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Ralph Lauren by 11.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 63,743 shares of the textile maker's stock worth $11,968,000 after purchasing an additional 6,378 shares during the period. Bessemer Group Inc. increased its holdings in shares of Ralph Lauren by 708.2% in the 1st quarter. Bessemer Group Inc. now owns 9,020 shares of the textile maker's stock worth $1,694,000 after acquiring an additional 7,904 shares during the period. Sei Investments Co. increased its holdings in shares of Ralph Lauren by 124.3% in the 1st quarter. Sei Investments Co. now owns 32,173 shares of the textile maker's stock worth $6,041,000 after acquiring an additional 17,827 shares during the period. UniSuper Management Pty Ltd increased its holdings in shares of Ralph Lauren by 891.9% in the 1st quarter. UniSuper Management Pty Ltd now owns 5,009 shares of the textile maker's stock worth $940,000 after acquiring an additional 4,504 shares during the period. Finally, CWM LLC increased its holdings in shares of Ralph Lauren by 267.3% in the 2nd quarter. CWM LLC now owns 5,804 shares of the textile maker's stock worth $1,016,000 after acquiring an additional 4,224 shares during the period. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Stock Performance

Shares of NYSE:RL traded down $4.28 during trading on Tuesday, reaching $209.59. The stock had a trading volume of 705,045 shares, compared to its average volume of 866,635. The stock has a fifty day simple moving average of $193.77 and a two-hundred day simple moving average of $179.74. The firm has a market capitalization of $12.98 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 1.76 and a beta of 1.49. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.40. Ralph Lauren Co. has a 52 week low of $113.92 and a 52 week high of $237.16.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.11. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter last year, the company posted $2.10 earnings per share. Ralph Lauren's quarterly revenue was up 5.7% on a year-over-year basis. As a group, analysts anticipate that Ralph Lauren Co. will post 11.59 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a dividend of $0.825 per share. The ex-dividend date was Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.57%. Ralph Lauren's payout ratio is presently 31.46%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on RL shares. TD Cowen increased their target price on shares of Ralph Lauren from $208.00 to $251.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Barclays raised their price objective on shares of Ralph Lauren from $200.00 to $257.00 and gave the company an "overweight" rating in a research report on Friday. UBS Group raised their target price on shares of Ralph Lauren from $287.00 to $300.00 and gave the stock a "buy" rating in a report on Friday. StockNews.com upgraded shares of Ralph Lauren from a "hold" rating to a "buy" rating in a report on Friday. Finally, Cfra set a $171.00 price target on shares of Ralph Lauren in a research report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $223.90.

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.