Lecap Asset Management Ltd. Takes $1.44 Million Position in Ralph Lauren Co. (NYSE:RL)

Lecap Asset Management Ltd. acquired a new stake in Ralph Lauren Co. (NYSE:RL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,252 shares of the textile maker's stock, valued at approximately $1,444,000.

A number of other hedge funds have also made changes to their positions in RL. Huntington National Bank increased its holdings in shares of Ralph Lauren by 86.6% in the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker's stock valued at $43,000 after acquiring an additional 103 shares during the period. True Wealth Design LLC boosted its stake in shares of Ralph Lauren by 8,933.3% during the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker's stock worth $53,000 after buying an additional 268 shares during the period. AM Squared Ltd acquired a new position in shares of Ralph Lauren in the third quarter valued at approximately $58,000. Versant Capital Management Inc lifted its holdings in shares of Ralph Lauren by 333.3% during the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker's stock worth $81,000 after purchasing an additional 270 shares during the period. Finally, Transamerica Financial Advisors Inc. purchased a new position in Ralph Lauren in the 3rd quarter valued at $86,000. Hedge funds and other institutional investors own 67.91% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on RL. Cfra set a $171.00 target price on shares of Ralph Lauren in a report on Thursday, October 17th. StockNews.com raised Ralph Lauren from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. Barclays raised their target price on shares of Ralph Lauren from $257.00 to $310.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Wells Fargo & Company raised their price objective on shares of Ralph Lauren from $225.00 to $275.00 and gave the stock an "equal weight" rating in a research note on Friday. Finally, UBS Group upped their target price on Ralph Lauren from $332.00 to $348.00 and gave the company a "buy" rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $276.55.

Ralph Lauren Trading Up 1.3 %

Shares of NYSE RL traded up $3.51 on Tuesday, reaching $272.06. 724,901 shares of the company traded hands, compared to its average volume of 780,563. 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 50 day moving average of $240.51 and a 200 day moving average of $207.91. The stock has a market capitalization of $16.90 billion, a PE ratio of 24.82, a P/E/G ratio of 2.03 and a beta of 1.49. The company has a current ratio of 1.76, a quick ratio of 1.18 and a debt-to-equity ratio of 0.39.

Ralph Lauren (NYSE:RL - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, topping 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 research analysts forecast that Ralph Lauren Co. will post 11.73 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Friday, December 27th. Ralph Lauren's dividend payout ratio (DPR) is presently 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.