Brandywine Global Investment Management LLC Raises Stake in Ralph Lauren Co. (NYSE:RL)

Brandywine Global Investment Management LLC grew its holdings in Ralph Lauren Co. (NYSE:RL - Free Report) by 20.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 64,396 shares of the textile maker's stock after buying an additional 10,887 shares during the period. Brandywine Global Investment Management LLC owned 0.10% of Ralph Lauren worth $14,874,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Cerity Partners LLC grew its position in Ralph Lauren by 70.3% in the 3rd quarter. Cerity Partners LLC now owns 12,436 shares of the textile maker's stock valued at $2,411,000 after buying an additional 5,133 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Ralph Lauren by 17.7% in the third quarter. Daiwa Securities Group Inc. now owns 1,848 shares of the textile maker's stock valued at $358,000 after acquiring an additional 278 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Ralph Lauren by 1.6% during the third quarter. The Manufacturers Life Insurance Company now owns 32,465 shares of the textile maker's stock worth $6,294,000 after acquiring an additional 510 shares during the period. Townsquare Capital LLC purchased a new position in Ralph Lauren during the third quarter worth about $331,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Ralph Lauren in the third quarter valued at about $1,819,000. Institutional investors and hedge funds own 67.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RL. BNP Paribas raised Ralph Lauren to a "strong-buy" rating in a research note on Thursday, January 23rd. TD Cowen increased their price objective on Ralph Lauren from $258.00 to $268.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. UBS Group boosted their target price on shares of Ralph Lauren from $332.00 to $348.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Needham & Company LLC initiated coverage on shares of Ralph Lauren in a report on Wednesday, February 12th. They set a "buy" rating and a $310.00 price objective on the stock. Finally, Cowen reiterated a "buy" rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $284.62.

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Ralph Lauren Trading Up 3.2 %

NYSE RL traded up $7.33 during mid-day trading on Wednesday, reaching $236.25. 1,002,111 shares of the stock were exchanged, compared to its average volume of 820,069. The business's fifty day simple moving average is $250.23 and its 200 day simple moving average is $227.18. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.31 and a current ratio of 1.76. The stock has a market capitalization of $14.59 billion, a PE ratio of 21.56, a PEG ratio of 1.73 and a beta of 1.50. 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 posted its quarterly earnings data 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 net margin of 10.14% and a return on equity of 30.88%. On average, research analysts anticipate that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.40%. Ralph Lauren's payout ratio is 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.