ExodusPoint Capital Management LP Purchases Shares of 8,151 Ralph Lauren Co. (NYSE:RL)

ExodusPoint Capital Management LP bought a new stake in shares of Ralph Lauren Co. (NYSE:RL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 8,151 shares of the textile maker's stock, valued at approximately $1,883,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its holdings in Ralph Lauren by 1,270.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker's stock worth $32,000 after buying an additional 127 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Ralph Lauren by 281.1% in the fourth quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker's stock worth $47,000 after purchasing an additional 149 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Ralph Lauren by 333.3% during the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker's stock valued at $81,000 after purchasing an additional 270 shares during the period. Summit Securities Group LLC bought a new stake in shares of Ralph Lauren during the fourth quarter valued at about $92,000. Finally, TD Private Client Wealth LLC lifted its holdings in Ralph Lauren by 19.6% in the fourth quarter. TD Private Client Wealth LLC now owns 446 shares of the textile maker's stock worth $103,000 after purchasing an additional 73 shares during the period. Institutional investors own 67.91% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on RL shares. Citigroup dropped their price target on shares of Ralph Lauren from $282.00 to $219.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Cowen restated a "buy" rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. Argus raised Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 price target for the company in a research note on Tuesday, December 31st. Barclays upped their price target on shares of Ralph Lauren from $257.00 to $310.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $265.00 price objective on shares of Ralph Lauren in a research note on Tuesday, February 4th. Two equities research 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 company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $277.43.

Remove Ads

Ralph Lauren Stock Up 1.7 %

Shares of RL traded up $3.22 during trading hours on Friday, reaching $197.89. The company's stock had a trading volume of 975,330 shares, compared to its average volume of 847,618. 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 cap of $12.22 billion, a price-to-earnings ratio of 18.06, a P/E/G ratio of 1.73 and a beta of 1.38. The company has a 50 day moving average of $239.60 and a two-hundred day moving average of $227.56. 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 released its earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts predict that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.67%. The ex-dividend date was Friday, March 28th. Ralph Lauren's dividend payout ratio is 30.11%.

Ralph Lauren Company 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.