Dnca Finance Buys 17,728 Shares of Ralph Lauren Co. (NYSE:RL)

Dnca Finance grew its position in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 533.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,050 shares of the textile maker's stock after acquiring an additional 17,728 shares during the quarter. Dnca Finance's holdings in Ralph Lauren were worth $4,862,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of RL. Burney Co. bought a new position in shares of Ralph Lauren during the fourth quarter worth about $5,711,000. Citizens Financial Group Inc. RI bought a new stake in Ralph Lauren during the fourth quarter worth approximately $3,014,000. Amundi lifted its position in shares of Ralph Lauren by 8.3% during the 4th quarter. Amundi now owns 195,208 shares of the textile maker's stock valued at $47,444,000 after acquiring an additional 14,889 shares during the last quarter. Keystone Investors PTE Ltd. bought a new stake in shares of Ralph Lauren during the 4th quarter worth $2,264,000. Finally, CWA Asset Management Group LLC raised its position in shares of Ralph Lauren by 31.9% during the fourth quarter. CWA Asset Management Group LLC now owns 11,913 shares of the textile maker's stock worth $2,752,000 after purchasing an additional 2,880 shares during the period. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on RL shares. Cowen restated a "buy" rating on shares of Ralph Lauren in a report on Tuesday, February 4th. Raymond James lowered Ralph Lauren from an "outperform" rating to a "market perform" rating in a report on Monday, January 27th. Jefferies Financial Group lifted their target price on Ralph Lauren from $285.00 to $330.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. BNP Paribas raised Ralph Lauren to a "strong-buy" rating in a report on Thursday, January 23rd. Finally, Wells Fargo & Company upgraded shares of Ralph Lauren from an "equal weight" rating to an "overweight" rating and decreased their price target for the stock from $275.00 to $240.00 in a research note on Tuesday, April 8th. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Ralph Lauren currently has an average rating of "Moderate Buy" and an average target price of $275.71.

Ralph Lauren Trading Up 3.5 %

Shares of RL traded up $7.40 on Thursday, reaching $219.93. 409,097 shares of the company's stock were exchanged, compared to its average volume of 840,917. The business has a 50 day moving average price of $229.20 and a two-hundred day moving average price of $227.96. The stock has a market capitalization of $13.58 billion, a P/E ratio of 20.05, a price-to-earnings-growth ratio of 1.73 and a beta of 1.38. Ralph Lauren Co. has a 12 month low of $155.96 and a 12 month 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.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly 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 anticipate that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date was Friday, March 28th. Ralph Lauren's dividend payout ratio is presently 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.