Geode Capital Management LLC Purchases 19,264 Shares of Ralph Lauren Co. (NYSE:RL)

Geode Capital Management LLC raised its position in Ralph Lauren Co. (NYSE:RL - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 968,776 shares of the textile maker's stock after purchasing an additional 19,264 shares during the quarter. Geode Capital Management LLC owned 1.56% of Ralph Lauren worth $223,513,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Burney Co. purchased a new stake in shares of Ralph Lauren during the 4th quarter valued at about $5,711,000. Citizens Financial Group Inc. RI purchased a new position in shares of Ralph Lauren in the fourth quarter valued at $3,014,000. Amundi boosted its position in Ralph Lauren by 8.3% in the 4th quarter. Amundi now owns 195,208 shares of the textile maker's stock valued at $47,444,000 after buying an additional 14,889 shares during the last quarter. Keystone Investors PTE Ltd. purchased a new stake in shares of Ralph Lauren during the fourth quarter worth about $2,264,000. Finally, CWA Asset Management Group LLC boosted its holdings in Ralph Lauren by 31.9% in the fourth quarter. CWA Asset Management Group LLC now owns 11,913 shares of the textile maker's stock valued at $2,752,000 after purchasing an additional 2,880 shares during the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Guggenheim increased their price objective on shares of Ralph Lauren from $285.00 to $310.00 and gave the company a "buy" rating in a research note on Friday, February 7th. The Goldman Sachs Group upgraded Ralph Lauren from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $280.00 to $286.00 in a research report on Tuesday, March 18th. Telsey Advisory Group restated an "outperform" rating and issued a $265.00 price target on shares of Ralph Lauren in a research report on Tuesday, February 4th. Raymond James downgraded shares of Ralph Lauren from an "outperform" rating to a "market perform" rating in a research report on Monday, January 27th. Finally, Barclays lifted their target price on Ralph Lauren from $257.00 to $310.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $277.43.

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Ralph Lauren Stock Down 7.8 %

Shares of RL stock traded down $16.21 on Thursday, reaching $192.16. 418,583 shares of the company's stock traded hands, compared to its average volume of 1,012,204. The company has a market capitalization of $11.87 billion, a P/E ratio of 17.55, a price-to-earnings-growth ratio of 1.73 and a beta of 1.38. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.31 and a current ratio of 1.76. The business's 50 day moving average price is $241.63 and its two-hundred day moving average price is $227.48. Ralph Lauren Co. has a 12-month low of $155.96 and a 12-month high of $289.33.

Ralph Lauren (NYSE:RL - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. On average, equities analysts forecast that Ralph Lauren Co. will post 12.01 earnings per share for the current 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 $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Friday, March 28th. Ralph Lauren's dividend payout ratio (DPR) is currently 30.11%.

Ralph Lauren 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.