Envestnet Portfolio Solutions Inc. Takes $914,000 Position in Ralph Lauren Co. (NYSE:RL)

Envestnet Portfolio Solutions Inc. bought a new position in Ralph Lauren Co. (NYSE:RL - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,956 shares of the textile maker's stock, valued at approximately $914,000.

Other institutional investors have also modified their holdings of the company. Lord Abbett & CO. LLC bought a new position in shares of Ralph Lauren during the third quarter valued at approximately $94,831,000. World Investment Advisors LLC bought a new stake in Ralph Lauren during the 3rd quarter valued at $19,320,000. Atreides Management LP increased its holdings in shares of Ralph Lauren by 28.3% in the 3rd quarter. Atreides Management LP now owns 377,481 shares of the textile maker's stock valued at $73,182,000 after acquiring an additional 83,349 shares during the period. Holocene Advisors LP raised its position in shares of Ralph Lauren by 10.2% in the 3rd quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker's stock worth $162,714,000 after acquiring an additional 78,008 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Ralph Lauren during the 4th quarter worth $16,848,000. 67.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RL. Jefferies Financial Group lifted their target price on Ralph Lauren from $285.00 to $330.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. UBS Group lifted their price objective on shares of Ralph Lauren from $332.00 to $348.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. The Goldman Sachs Group raised shares of Ralph Lauren from a "neutral" rating to a "buy" rating and increased their target price for the company from $280.00 to $286.00 in a research report on Tuesday, March 18th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $265.00 price target on shares of Ralph Lauren in a report on Tuesday, February 4th. Finally, Cowen reiterated a "buy" rating on shares of Ralph Lauren in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $284.62.

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Ralph Lauren Stock Performance

Shares of Ralph Lauren stock traded down $4.26 on Tuesday, reaching $231.78. 313,240 shares of the stock were exchanged, compared to its average volume of 885,414. Ralph Lauren Co. has a twelve month low of $155.96 and a twelve month high of $289.33. The business has a 50 day moving average price of $252.04 and a two-hundred day moving average price of $225.05. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $14.32 billion, a price-to-earnings ratio of 21.15, a PEG 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 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%. Analysts anticipate that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a $0.825 dividend. The ex-dividend date is Friday, March 28th. This represents a $3.30 annualized dividend and a dividend yield of 1.42%. Ralph Lauren's dividend payout ratio (DPR) 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.