Edmond DE Rothschild Holding S.A. Buys Shares of 1,749 Ralph Lauren Co. (NYSE:RL)

Edmond DE Rothschild Holding S.A. bought a new position in shares of Ralph Lauren Co. (NYSE:RL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,749 shares of the textile maker's stock, valued at approximately $404,000.

Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Ralph Lauren by 8.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,079,578 shares of the textile maker's stock worth $249,361,000 after buying an additional 82,819 shares in the last quarter. Boston Partners increased its position in Ralph Lauren by 7.1% in the fourth quarter. Boston Partners now owns 982,927 shares of the textile maker's stock worth $227,085,000 after purchasing an additional 65,303 shares during the period. Geode Capital Management LLC raised its holdings in Ralph Lauren by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 949,512 shares of the textile maker's stock worth $183,787,000 after purchasing an additional 30,694 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in Ralph Lauren during the 3rd quarter valued at about $94,831,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Ralph Lauren by 30.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 305,532 shares of the textile maker's stock valued at $59,233,000 after purchasing an additional 71,479 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on RL. Jefferies Financial Group raised their price target on Ralph Lauren from $285.00 to $330.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Needham & Company LLC assumed coverage on Ralph Lauren in a research report on Wednesday, February 12th. They set a "buy" rating and a $310.00 target price for the company. Cowen reiterated a "buy" rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. JPMorgan Chase & Co. boosted their price objective on shares of Ralph Lauren from $285.00 to $342.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $265.00 target price on shares of Ralph Lauren in a report on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $284.62.

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Ralph Lauren Stock Performance

RL stock traded down $1.36 during trading hours on Friday, hitting $196.53. 3,060,980 shares of the stock were exchanged, compared to its average volume of 835,406. The company has a 50-day simple moving average of $248.77 and a two-hundred day simple moving average of $227.04. The firm has a market capitalization of $12.14 billion, a P/E ratio of 17.93, a P/E/G ratio of 1.73 and a beta of 1.50. 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 posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share (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, analysts forecast that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a $0.825 dividend. The ex-dividend date is Friday, March 28th. This represents a $3.30 annualized dividend and a dividend yield of 1.68%. Ralph Lauren's payout ratio is 30.11%.

Ralph Lauren 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.