Erste Asset Management GmbH lifted its holdings in Ralph Lauren Co. (NYSE:RL - Free Report) by 9,000.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,500 shares of the textile maker's stock after acquiring an additional 45,000 shares during the period. Erste Asset Management GmbH owned 0.07% of Ralph Lauren worth $10,334,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. Vestcor Inc increased its position in shares of Ralph Lauren by 330.7% during the fourth quarter. Vestcor Inc now owns 1,305 shares of the textile maker's stock worth $301,000 after acquiring an additional 1,002 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Ralph Lauren by 1,270.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker's stock worth $32,000 after acquiring an additional 127 shares during the period. HighTower Advisors LLC increased its position in shares of Ralph Lauren by 13.0% during the fourth quarter. HighTower Advisors LLC now owns 2,817 shares of the textile maker's stock worth $651,000 after acquiring an additional 325 shares during the period. Citizens Financial Group Inc. RI purchased a new position in shares of Ralph Lauren during the fourth quarter worth approximately $3,014,000. Finally, Daiwa Securities Group Inc. increased its position in shares of Ralph Lauren by 16.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 2,159 shares of the textile maker's stock worth $499,000 after acquiring an additional 311 shares during the period. Institutional investors own 67.91% of the company's stock.
Wall Street Analyst Weigh In
RL has been the topic of a number of research reports. UBS Group raised their target price 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. Needham & Company LLC assumed coverage on shares of Ralph Lauren in a report on Wednesday, February 12th. They set a "buy" rating and a $310.00 price objective on the stock. StockNews.com raised shares of Ralph Lauren from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Guggenheim lifted their price objective on shares of Ralph Lauren from $285.00 to $310.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, BNP Paribas raised shares of Ralph Lauren to a "strong-buy" rating in a report on Thursday, January 23rd. Two equities research 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. According to MarketBeat, Ralph Lauren currently has a consensus rating of "Moderate Buy" and a consensus price target of $284.62.
Check Out Our Latest Analysis on RL
Ralph Lauren Trading Down 0.2 %
Shares of RL stock traded down $0.50 during trading hours on Tuesday, hitting $219.52. The company had a trading volume of 1,252,530 shares, compared to its average volume of 779,943. The company's fifty day moving average is $253.47 and its 200 day moving average is $223.17. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31. Ralph Lauren Co. has a fifty-two week low of $155.96 and a fifty-two week high of $289.33. The stock has a market capitalization of $13.56 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50.
Ralph Lauren (NYSE:RL - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 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 expect that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.
Ralph Lauren Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $3.30 dividend on an annualized basis and a yield of 1.50%. Ralph Lauren's dividend payout ratio (DPR) is presently 30.11%.
About Ralph Lauren
(
Free Report)
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.
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