Ralph Lauren Co. (NYSE:RL) Shares Bought by FNY Investment Advisers LLC

FNY Investment Advisers LLC raised its stake in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 54.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,600 shares of the textile maker's stock after acquiring an additional 3,041 shares during the period. Ralph Lauren makes up 1.0% of FNY Investment Advisers LLC's investment portfolio, making the stock its 27th biggest holding. FNY Investment Advisers LLC's holdings in Ralph Lauren were worth $1,986,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Huntington National Bank lifted its position in Ralph Lauren by 86.6% in the third quarter. Huntington National Bank now owns 222 shares of the textile maker's stock valued at $43,000 after purchasing an additional 103 shares during the period. True Wealth Design LLC raised its stake in shares of Ralph Lauren by 8,933.3% during the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker's stock worth $53,000 after buying an additional 268 shares in the last quarter. AM Squared Ltd acquired a new stake in shares of Ralph Lauren in the 3rd quarter valued at approximately $58,000. Quent Capital LLC boosted its stake in shares of Ralph Lauren by 181.7% in the third quarter. Quent Capital LLC now owns 400 shares of the textile maker's stock valued at $78,000 after buying an additional 258 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in Ralph Lauren by 333.3% during the fourth 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 currently owned by hedge funds and other institutional investors.

Ralph Lauren Price Performance

Ralph Lauren stock traded up $0.89 during mid-day trading on Tuesday, hitting $237.39. 628,354 shares of the company were exchanged, compared to its average volume of 699,481. Ralph Lauren Co. has a 12-month low of $134.90 and a 12-month high of $245.92. The company has a market capitalization of $14.74 billion, a P/E ratio of 22.63, a PEG ratio of 1.69 and a beta of 1.49. The business's 50 day simple moving average is $225.12 and its two-hundred day simple moving average is $195.92. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.11. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the previous year, the company posted $2.10 EPS. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. Analysts forecast that Ralph Lauren Co. will post 11.71 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were issued a $0.825 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $3.30 annualized dividend and a yield of 1.39%. Ralph Lauren's dividend payout ratio (DPR) is presently 31.46%.

Analyst Upgrades and Downgrades

RL has been the subject of a number of recent analyst reports. Raymond James raised their target price on Ralph Lauren from $215.00 to $235.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Guggenheim boosted their price objective on shares of Ralph Lauren from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, October 28th. TD Cowen increased their target price on shares of Ralph Lauren from $208.00 to $251.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Cfra set a $171.00 price target on Ralph Lauren in a research note on Thursday, October 17th. Finally, Argus raised Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 price objective for the company in a research note on Tuesday, December 31st. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $228.09.

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.