Invesco Ltd. boosted its position in Ralph Lauren Co. (NYSE:RL - Free Report) by 30.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,237,512 shares of the textile maker's stock after buying an additional 289,924 shares during the quarter. Invesco Ltd. owned approximately 1.99% of Ralph Lauren worth $285,841,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in Ralph Lauren by 1,270.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker's stock valued at $32,000 after purchasing an additional 127 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Ralph Lauren by 281.1% during 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 in the last quarter. Pinpoint Asset Management Ltd boosted its holdings in shares of Ralph Lauren by 22,500.0% in the 4th quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker's stock valued at $52,000 after buying an additional 225 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new position in shares of Ralph Lauren in the fourth quarter valued at $63,000. Finally, Versant Capital Management Inc grew its stake 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. Institutional investors own 67.91% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have commented on RL. UBS Group increased 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. The Goldman Sachs Group upgraded Ralph Lauren from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $280.00 to $286.00 in a report on Tuesday, March 18th. Citigroup dropped their price objective on Ralph Lauren from $282.00 to $219.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Needham & Company LLC began coverage on Ralph Lauren in a research report on Wednesday, February 12th. They issued a "buy" rating and a $310.00 price objective for the company. Finally, BNP Paribas raised Ralph Lauren to a "strong-buy" rating in a report on Thursday, January 23rd. 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 stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $277.43.
Read Our Latest Analysis on RL
Ralph Lauren Price Performance
Shares of RL traded down $0.33 during trading hours on Wednesday, hitting $202.93. 148,166 shares of the company were exchanged, compared to its average volume of 1,018,613. 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 fifty-two week low of $155.96 and a fifty-two week high of $289.33. The company has a market cap of $12.53 billion, a price-to-earnings ratio of 18.52, a P/E/G ratio of 1.73 and a beta of 1.38. The firm's fifty day moving average is $237.26 and its 200 day moving average is $227.64.
Ralph Lauren (NYSE:RL - Get Free Report) last released its earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, beating the consensus estimate 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 earnings per share for the current fiscal year.
Ralph Lauren Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.63%. The ex-dividend date was Friday, March 28th. Ralph Lauren's dividend payout ratio (DPR) is presently 30.11%.
Ralph Lauren Profile
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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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