FMR LLC grew its stake in Ralph Lauren Co. (NYSE:RL - Free Report) by 16.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,415,473 shares of the textile maker's stock after buying an additional 205,121 shares during the quarter. FMR LLC owned 2.28% of Ralph Lauren worth $326,946,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its stake in shares of Ralph Lauren by 1,270.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker's stock worth $32,000 after acquiring an additional 127 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Ralph Lauren by 281.1% in the 4th quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker's stock worth $47,000 after purchasing an additional 149 shares during the period. Pinpoint Asset Management Ltd boosted its position in Ralph Lauren by 22,500.0% during the fourth quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker's stock worth $52,000 after purchasing an additional 225 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in shares of Ralph Lauren in the fourth quarter valued at approximately $63,000. Finally, Versant Capital Management Inc increased its position in shares of Ralph Lauren by 333.3% in the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker's stock valued at $81,000 after buying an additional 270 shares in the last quarter. Hedge funds and other institutional investors own 67.91% of the company's stock.
Ralph Lauren Trading Down 0.2 %
NYSE:RL traded down $0.33 on Wednesday, reaching $202.93. The company's stock had a trading volume of 148,166 shares, compared to its average volume of 1,018,613. The firm has a market cap of $12.53 billion, a price-to-earnings ratio of 18.52, a price-to-earnings-growth ratio of 1.73 and a beta of 1.38. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. Ralph Lauren Co. has a 12-month low of $155.96 and a 12-month high of $289.33. The stock has a 50 day moving average price of $237.26 and a 200 day moving average price of $227.64.
Ralph Lauren (NYSE:RL - Get Free Report) last posted its earnings results on Thursday, February 6th. The textile maker reported $4.82 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, equities analysts anticipate that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.
Ralph Lauren Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a $0.825 dividend. The ex-dividend date was Friday, March 28th. This represents a $3.30 annualized dividend and a yield of 1.63%. Ralph Lauren's dividend payout ratio (DPR) is presently 30.11%.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. UBS Group lifted their price target on shares of Ralph Lauren from $332.00 to $348.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Raymond James lowered shares of Ralph Lauren from an "outperform" rating to a "market perform" rating in a research report on Monday, January 27th. Wells Fargo & Company upgraded shares of Ralph Lauren from an "equal weight" rating to an "overweight" rating and reduced their price target for the stock from $275.00 to $240.00 in a research report on Tuesday, April 8th. 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 note on Tuesday, March 18th. Finally, Barclays raised their target price on Ralph Lauren from $257.00 to $310.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $277.43.
View Our Latest Report on Ralph Lauren
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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