Cookson Peirce & Co. Inc. Raises Position in Ralph Lauren Co. (NYSE:RL)

Cookson Peirce & Co. Inc. raised its holdings in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 26.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 151,167 shares of the textile maker's stock after purchasing an additional 32,082 shares during the period. Ralph Lauren accounts for approximately 1.6% of Cookson Peirce & Co. Inc.'s investment portfolio, making the stock its 20th biggest holding. Cookson Peirce & Co. Inc. owned about 0.24% of Ralph Lauren worth $34,917,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Burney Co. acquired a new position in shares of Ralph Lauren during the fourth quarter worth $5,711,000. Charles Schwab Investment Management Inc. increased its position in shares of Ralph Lauren by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker's stock valued at $95,537,000 after acquiring an additional 13,640 shares during the period. Bridgewater Associates LP increased its position in shares of Ralph Lauren by 145.8% in the 3rd quarter. Bridgewater Associates LP now owns 59,927 shares of the textile maker's stock valued at $11,618,000 after acquiring an additional 35,550 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Ralph Lauren in the 3rd quarter valued at $1,819,000. Finally, CWA Asset Management Group LLC increased its position in shares of Ralph Lauren by 31.9% in the 4th quarter. CWA Asset Management Group LLC now owns 11,913 shares of the textile maker's stock valued at $2,752,000 after acquiring an additional 2,880 shares during the period. 67.91% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several research firms recently issued reports on RL. Raymond James downgraded Ralph Lauren from an "outperform" rating to a "market perform" rating in a research report on Monday, January 27th. TD Cowen upped their target price on Ralph Lauren from $258.00 to $268.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Jefferies Financial Group upped their target price on Ralph Lauren from $285.00 to $330.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. The Goldman Sachs Group upped their target price on Ralph Lauren from $220.00 to $280.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Finally, UBS Group upped their target price on Ralph Lauren from $332.00 to $348.00 and gave the company a "buy" rating in a research report 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $284.15.

Ralph Lauren Price Performance

Shares of RL stock traded down $5.83 during mid-day trading on Friday, hitting $232.51. 1,003,781 shares of the stock were exchanged, compared to its average volume of 779,896. The firm has a fifty day moving average of $255.02 and a 200 day moving average of $219.91. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. Ralph Lauren Co. has a 52-week low of $155.96 and a 52-week high of $289.33. The company has a market cap of $14.36 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (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%. Research analysts anticipate that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date was Friday, December 27th. 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.