JPMorgan Chase & Co. Purchases 82,819 Shares of Ralph Lauren Co. (NYSE:RL)

JPMorgan Chase & Co. increased its position in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 8.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,079,578 shares of the textile maker's stock after acquiring an additional 82,819 shares during the period. JPMorgan Chase & Co. owned about 1.74% of Ralph Lauren worth $249,361,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in 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 purchasing an additional 127 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Ralph Lauren by 281.1% during the fourth quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker's stock worth $47,000 after buying an additional 149 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Ralph Lauren by 333.3% in the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker's stock valued at $81,000 after acquiring an additional 270 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Ralph Lauren during the 3rd quarter valued at $97,000. Finally, TD Private Client Wealth LLC increased its holdings in Ralph Lauren by 19.6% in the 4th quarter. TD Private Client Wealth LLC now owns 446 shares of the textile maker's stock worth $103,000 after purchasing an additional 73 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

RL has been the topic of several research reports. UBS Group boosted their price target on Ralph Lauren from $332.00 to $348.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Cowen reaffirmed a "buy" rating on shares of Ralph Lauren in a research note on Tuesday, February 4th. Wells Fargo & Company increased their price objective on Ralph Lauren from $225.00 to $275.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. Barclays lifted their target price on Ralph Lauren from $257.00 to $310.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Finally, BNP Paribas raised Ralph Lauren to a "strong-buy" rating in a research note on Thursday, January 23rd. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $284.62.

Ralph Lauren Stock Up 3.2 %

NYSE:RL traded up $7.33 during trading hours on Wednesday, reaching $236.25. The company had a trading volume of 1,002,111 shares, compared to its average volume of 817,775. The business's 50-day simple moving average is $249.94 and its two-hundred day simple moving average is $227.24. Ralph Lauren Co. has a twelve month low of $155.96 and a twelve month high of $289.33. The firm has a market cap of $14.59 billion, a price-to-earnings ratio of 21.56, a P/E/G ratio of 1.73 and a beta of 1.50. 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 (NYSE:RL - Get Free Report) last announced its quarterly 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 expect that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.825 per share. The ex-dividend date is Friday, March 28th. This represents a $3.30 dividend on an annualized basis and a yield of 1.40%. Ralph Lauren's dividend payout ratio (DPR) is currently 30.11%.

Ralph Lauren Company 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.