KLP Kapitalforvaltning AS Makes New $2.20 Million Investment in Ralph Lauren Co. (NYSE:RL)

KLP Kapitalforvaltning AS purchased a new stake in shares of Ralph Lauren Co. (NYSE:RL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,500 shares of the textile maker's stock, valued at approximately $2,201,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lord Abbett & CO. LLC purchased a new stake in Ralph Lauren during the third quarter valued at about $94,831,000. World Investment Advisors LLC purchased a new stake in shares of Ralph Lauren during the 3rd quarter valued at approximately $19,320,000. Atreides Management LP boosted its holdings in Ralph Lauren by 28.3% in the 3rd quarter. Atreides Management LP now owns 377,481 shares of the textile maker's stock worth $73,182,000 after buying an additional 83,349 shares during the period. Holocene Advisors LP grew its stake in Ralph Lauren by 10.2% in the 3rd quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker's stock valued at $162,714,000 after buying an additional 78,008 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Ralph Lauren in the 4th quarter valued at approximately $16,848,000. Institutional investors own 67.91% of the company's stock.

Ralph Lauren Price Performance

NYSE RL traded up $7.98 during trading hours on Tuesday, reaching $228.72. 1,401,404 shares of the stock traded hands, compared to its average volume of 819,342. The stock has a 50 day simple moving average of $250.23 and a two-hundred day simple moving average of $227.18. Ralph Lauren Co. has a 1 year low of $155.96 and a 1 year high of $289.33. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31. The company has a market cap of $14.13 billion, a price-to-earnings ratio of 20.87, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50.

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Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share 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, analysts predict that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a $0.825 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.44%. Ralph Lauren's dividend payout ratio (DPR) is 30.11%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RL. The Goldman Sachs Group raised Ralph Lauren from a "neutral" rating to a "buy" rating and raised their price target for the stock from $280.00 to $286.00 in a report on Tuesday, March 18th. Raymond James downgraded Ralph Lauren from an "outperform" rating to a "market perform" rating in a research note on Monday, January 27th. BNP Paribas upgraded Ralph Lauren to a "strong-buy" rating in a research report on Thursday, January 23rd. Barclays increased their price target on shares of Ralph Lauren from $257.00 to $310.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Finally, UBS Group boosted their price objective 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. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Ralph Lauren currently has an average rating of "Moderate Buy" and a consensus price target of $284.62.

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.