American Century Companies Inc. Has $43 Million Stock Position in Ralph Lauren Co. (NYSE:RL)

American Century Companies Inc. boosted its stake in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 186,175 shares of the textile maker's stock after buying an additional 6,044 shares during the period. American Century Companies Inc. owned approximately 0.30% of Ralph Lauren worth $43,003,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. TD Private Client Wealth LLC grew its position in shares of Ralph Lauren by 19.6% during the 4th quarter. TD Private Client Wealth LLC now owns 446 shares of the textile maker's stock valued at $103,000 after acquiring an additional 73 shares during the period. Blueshift Asset Management LLC bought a new stake in Ralph Lauren during the fourth quarter valued at about $2,941,000. Magnetar Financial LLC purchased a new position in shares of Ralph Lauren in the fourth quarter valued at about $278,000. Teacher Retirement System of Texas boosted its stake in shares of Ralph Lauren by 20.1% in the fourth quarter. Teacher Retirement System of Texas now owns 28,647 shares of the textile maker's stock worth $6,617,000 after acquiring an additional 4,791 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new position in Ralph Lauren in the 4th quarter worth approximately $819,000. Institutional investors own 67.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Cowen reiterated a "buy" rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. TD Cowen increased their price objective on Ralph Lauren from $258.00 to $268.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Wells Fargo & Company boosted their price objective on Ralph Lauren from $225.00 to $275.00 and gave the company an "equal weight" rating in a research report on Friday, February 7th. UBS Group raised their price objective on Ralph Lauren from $332.00 to $348.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. increased their price target on shares of Ralph Lauren from $285.00 to $342.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Ralph Lauren currently has an average rating of "Moderate Buy" and an average target price of $284.62.

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Ralph Lauren Price Performance

NYSE:RL traded up $1.72 during mid-day trading on Monday, reaching $217.40. 604,935 shares of the stock were exchanged, compared to its average volume of 813,270. The business has a fifty day moving average price of $251.01 and a 200 day moving average price of $226.51. Ralph Lauren Co. has a 1-year low of $155.96 and a 1-year high of $289.33. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $13.43 billion, a PE ratio of 19.84, a PEG ratio of 1.73 and a beta of 1.50.

Ralph Lauren (NYSE:RL - Get Free Report) last issued 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%. Research analysts expect that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Friday, March 28th. Ralph Lauren's dividend payout ratio (DPR) is currently 30.11%.

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.