Charles Schwab Investment Management Inc. Boosts Stake in Ralph Lauren Co. (NYSE:RL)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 493,868 shares of the textile maker's stock after buying an additional 1,081 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.80% of Ralph Lauren worth $114,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Huntington National Bank boosted its stake in Ralph Lauren by 86.6% in the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker's stock worth $43,000 after purchasing an additional 103 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Ralph Lauren by 281.1% during the fourth quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker's stock worth $47,000 after buying an additional 149 shares during the period. True Wealth Design LLC grew its holdings in shares of Ralph Lauren by 8,933.3% during the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker's stock valued at $53,000 after buying an additional 268 shares during the last quarter. AM Squared Ltd acquired a new position in shares of Ralph Lauren in the 3rd quarter valued at $58,000. Finally, Versant Capital Management Inc raised its stake in Ralph Lauren by 333.3% in 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 last quarter. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

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Ralph Lauren Trading Up 1.0 %

RL stock traded up $2.17 during trading on Wednesday, reaching $225.37. 701,623 shares of the stock were exchanged, compared to its average volume of 833,036. The business has a 50 day moving average price of $254.62 and a 200-day moving average price of $221.77. 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 $13.92 billion, a price-to-earnings ratio of 20.60, a P/E/G ratio of 1.73 and a beta of 1.50.

Ralph Lauren (NYSE:RL - Get Free Report) last released 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 return on equity of 30.88% and a net margin of 10.14%. On average, research analysts predict that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Friday, December 27th. Ralph Lauren's payout ratio is 30.11%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. BNP Paribas raised shares of Ralph Lauren to a "strong-buy" rating in a research report on Thursday, January 23rd. StockNews.com upgraded Ralph Lauren from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. JPMorgan Chase & Co. upped their price target on shares of Ralph Lauren from $285.00 to $342.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. The Goldman Sachs Group lifted their price target on Ralph Lauren from $220.00 to $280.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Finally, Guggenheim increased their price objective on Ralph Lauren from $285.00 to $310.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $284.15.

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.