Blueshift Asset Management LLC Buys New Shares in Ralph Lauren Co. (NYSE:RL)

Blueshift Asset Management LLC bought a new stake in Ralph Lauren Co. (NYSE:RL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,731 shares of the textile maker's stock, valued at approximately $2,941,000. Ralph Lauren accounts for 1.1% of Blueshift Asset Management LLC's investment portfolio, making the stock its 6th biggest holding.

A number of other institutional investors and hedge funds have also modified their holdings of RL. Magnetar Financial LLC purchased a new stake in Ralph Lauren during the 4th quarter worth approximately $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 last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Ralph Lauren during the fourth quarter worth approximately $819,000. Boston Partners raised its stake in Ralph Lauren by 7.1% in the 4th quarter. Boston Partners now owns 982,927 shares of the textile maker's stock valued at $227,085,000 after purchasing an additional 65,303 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in Ralph Lauren by 20.4% in the 4th quarter. Signaturefd LLC now owns 737 shares of the textile maker's stock valued at $170,000 after purchasing an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 67.91% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on RL shares. UBS Group upped their target price on shares of Ralph Lauren from $332.00 to $348.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Argus raised shares of Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 price objective for the company in a research note on Tuesday, December 31st. Guggenheim boosted their target price on Ralph Lauren from $285.00 to $310.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Jefferies Financial Group upped their price target on Ralph Lauren from $285.00 to $330.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Finally, Cowen reiterated a "buy" rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $284.62.

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Ralph Lauren Trading Up 5.7 %

RL traded up $12.71 on Monday, hitting $236.74. The company had a trading volume of 1,357,688 shares, compared to its average volume of 786,243. 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 cap of $14.62 billion, a P/E ratio of 21.60, a PEG ratio of 1.73 and a beta of 1.50. The company's fifty day moving average price is $252.04 and its 200 day moving average price is $225.05. Ralph Lauren Co. has a 1 year low of $155.96 and a 1 year high of $289.33.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, topping the consensus estimate 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 expect that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a $0.825 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $3.30 annualized dividend and a dividend yield of 1.39%. Ralph Lauren's dividend payout ratio is presently 30.11%.

Ralph Lauren Company 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.