Alliancebernstein L.P. Purchases 2,369 Shares of Ralph Lauren Co. (NYSE:RL)

Alliancebernstein L.P. lifted its position in Ralph Lauren Co. (NYSE:RL - Free Report) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 57,233 shares of the textile maker's stock after buying an additional 2,369 shares during the period. Alliancebernstein L.P. owned about 0.09% of Ralph Lauren worth $13,220,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in shares of Ralph Lauren by 1,270.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker's stock valued at $32,000 after purchasing an additional 127 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Ralph Lauren by 281.1% during the 4th quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker's stock valued at $47,000 after acquiring an additional 149 shares during the period. Versant Capital Management Inc raised its stake in Ralph Lauren by 333.3% during the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker's stock worth $81,000 after acquiring an additional 270 shares during the period. Summit Securities Group LLC purchased a new position in Ralph Lauren during the fourth quarter valued at approximately $92,000. Finally, TD Private Client Wealth LLC boosted its position in shares of Ralph Lauren by 19.6% in the fourth quarter. TD Private Client Wealth LLC now owns 446 shares of the textile maker's stock worth $103,000 after purchasing an additional 73 shares during the period. Institutional investors own 67.91% of the company's stock.

Ralph Lauren Trading Down 0.3 %

Shares of NYSE:RL traded down $0.64 during trading on Tuesday, hitting $201.11. The company had a trading volume of 208,811 shares, compared to its average volume of 843,688. The stock has a market cap of $12.42 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 1.73 and a beta of 1.38. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31. The company has a fifty day simple moving average of $238.64 and a two-hundred day simple moving average of $227.81. Ralph Lauren Co. has a one year low of $155.96 and a one year high of $289.33.

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

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Friday, March 28th. Ralph Lauren's dividend payout ratio is currently 30.11%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on RL shares. Barclays raised their price objective on shares of Ralph Lauren from $257.00 to $310.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. BNP Paribas upgraded Ralph Lauren to a "strong-buy" rating in a research report on Thursday, January 23rd. Jefferies Financial Group increased their target price on Ralph Lauren from $285.00 to $330.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Raymond James lowered shares of Ralph Lauren from an "outperform" rating to a "market perform" rating in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. boosted their target price 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. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Ralph Lauren has a consensus rating of "Moderate Buy" and a consensus target price of $277.43.

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.