Ralph Lauren Co. (NYSE:RL) Stake Raised by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in Ralph Lauren Co. (NYSE:RL - Free Report) by 12.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 219,747 shares of the textile maker's stock after acquiring an additional 23,537 shares during the period. Envestnet Asset Management Inc. owned 0.35% of Ralph Lauren worth $50,757,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its position in Ralph Lauren by 1,270.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker's stock valued at $32,000 after purchasing an additional 127 shares during the period. Jones Financial Companies Lllp lifted its stake in Ralph Lauren by 281.1% in the fourth quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker's stock valued at $47,000 after buying an additional 149 shares during the last quarter. Pinpoint Asset Management Ltd boosted its holdings in shares of Ralph Lauren by 22,500.0% during the fourth quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker's stock valued at $52,000 after acquiring an additional 225 shares during the period. Resona Asset Management Co. Ltd. bought a new position in shares of Ralph Lauren during the fourth quarter worth about $63,000. Finally, Versant Capital Management Inc increased its holdings in shares of 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 period. 67.91% of the stock is owned by institutional investors.

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Ralph Lauren Price Performance

Shares of NYSE RL traded down $0.37 during mid-day trading on Wednesday, reaching $202.90. The company had a trading volume of 124,929 shares, compared to its average volume of 1,018,264. The company has a 50-day moving average price of $237.26 and a two-hundred day moving average price of $227.64. The stock has a market cap of $12.53 billion, a PE ratio of 18.51, a P/E/G ratio of 1.73 and a beta of 1.38. 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 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 issued its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, topping 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, equities analysts anticipate that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Friday, March 28th. Ralph Lauren's dividend payout ratio is 30.11%.

Analyst Ratings Changes

RL has been the subject of a number of analyst reports. Barclays boosted their target price on shares of Ralph Lauren from $257.00 to $310.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. The Goldman Sachs Group upgraded Ralph Lauren from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $280.00 to $286.00 in a research report on Tuesday, March 18th. Needham & Company LLC began coverage on Ralph Lauren in a research report on Wednesday, February 12th. They issued a "buy" rating and a $310.00 target price on the stock. UBS Group lifted their target price on Ralph Lauren from $332.00 to $348.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, Jefferies Financial Group increased their price target on Ralph Lauren from $285.00 to $330.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Ralph Lauren has an average rating of "Moderate Buy" and an average price target of $277.43.

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.