Harvest Fund Management Co. Ltd purchased a new position in shares of Ralph Lauren Co. (NYSE:RL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,544 shares of the textile maker's stock, valued at approximately $819,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. lifted its holdings in Ralph Lauren by 13.7% in the third quarter. Pacer Advisors Inc. now owns 1,139,975 shares of the textile maker's stock worth $221,007,000 after purchasing an additional 137,631 shares during the period. Boston Partners raised its position in shares of Ralph Lauren by 7.1% during the 4th quarter. Boston Partners now owns 982,927 shares of the textile maker's stock worth $227,085,000 after buying an additional 65,303 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Ralph Lauren by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 949,512 shares of the textile maker's stock worth $183,787,000 after acquiring an additional 30,694 shares during the period. Holocene Advisors LP boosted its holdings in shares of Ralph Lauren by 10.2% in the third quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker's stock valued at $162,714,000 after acquiring an additional 78,008 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in shares of Ralph Lauren by 13.2% during the third quarter. Jennison Associates LLC now owns 520,393 shares of the textile maker's stock valued at $100,889,000 after acquiring an additional 60,610 shares during the period. Institutional investors own 67.91% of the company's stock.
Analysts Set New Price Targets
A number of research firms have weighed in on RL. Cowen restated a "buy" rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. Barclays raised 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. Telsey Advisory Group reiterated an "outperform" rating and issued a $265.00 price target on shares of Ralph Lauren in a research report on Tuesday, February 4th. Needham & Company LLC began coverage on shares of Ralph Lauren in a report on Wednesday, February 12th. They issued a "buy" rating and a $310.00 price target for the company. Finally, The Goldman Sachs Group upgraded shares of Ralph Lauren from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $280.00 to $286.00 in a report on Tuesday, March 18th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $284.62.
View Our Latest Stock Analysis on RL
Ralph Lauren Trading Down 1.7 %
Shares of NYSE:RL traded down $4.12 during mid-day trading on Tuesday, hitting $231.92. The stock had a trading volume of 640,121 shares, compared to its average volume of 785,810. Ralph Lauren Co. has a 12-month low of $155.96 and a 12-month high of $289.33. 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 company has a market cap of $14.32 billion, a PE ratio of 21.16, a P/E/G ratio of 1.73 and a beta of 1.50. The company's 50 day moving average is $252.04 and its 200-day moving average is $225.05.
Ralph Lauren (NYSE:RL - Get Free Report) last issued its earnings results 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 return on equity of 30.88% and a net margin of 10.14%. On average, sell-side analysts predict that Ralph Lauren Co. will post 12.01 EPS for the current year.
Ralph Lauren Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Friday, March 28th. Ralph Lauren's dividend payout ratio (DPR) is 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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