Ralph Lauren Co. (NYSE:RL) Stock Position Raised by LPL Financial LLC

LPL Financial LLC grew its holdings in Ralph Lauren Co. (NYSE:RL - Free Report) by 34.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,148 shares of the textile maker's stock after purchasing an additional 4,879 shares during the period. LPL Financial LLC's holdings in Ralph Lauren were worth $4,423,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Burney Co. purchased a new position in Ralph Lauren in the 4th quarter worth about $5,711,000. Citizens Financial Group Inc. RI purchased a new stake in shares of Ralph Lauren in the fourth quarter valued at approximately $3,014,000. Amundi grew its stake in Ralph Lauren by 8.3% in the fourth quarter. Amundi now owns 195,208 shares of the textile maker's stock worth $47,444,000 after purchasing an additional 14,889 shares in the last quarter. CWA Asset Management Group LLC raised its position in Ralph Lauren by 31.9% during the 4th quarter. CWA Asset Management Group LLC now owns 11,913 shares of the textile maker's stock valued at $2,752,000 after purchasing an additional 2,880 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new stake in shares of Ralph Lauren in the 4th quarter worth $6,872,000. 67.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on RL shares. Needham & Company LLC began coverage on shares of Ralph Lauren in a research note on Wednesday, February 12th. They issued a "buy" rating and a $310.00 price objective for the company. Wells Fargo & Company upgraded shares of Ralph Lauren from an "equal weight" rating to an "overweight" rating and cut their price objective for the company from $275.00 to $240.00 in a report on Tuesday. Raymond James lowered shares of Ralph Lauren from an "outperform" rating to a "market perform" rating in a research note on Monday, January 27th. JPMorgan Chase & Co. upped their target price on Ralph Lauren from $285.00 to $342.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Finally, Guggenheim lifted their price objective on shares of Ralph Lauren from $285.00 to $310.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $277.43.

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Ralph Lauren Stock Up 1.7 %

Shares of Ralph Lauren stock traded up $3.22 on Friday, hitting $197.89. 975,330 shares of the company's stock traded hands, compared to its average volume of 847,618. The stock has a market cap of $12.22 billion, a P/E ratio of 18.06, a PEG ratio of 1.73 and a beta of 1.38. The firm's 50-day moving average is $239.60 and its 200 day moving average is $227.56. 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 52-week low of $155.96 and a 52-week high of $289.33.

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

Ralph Lauren Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a dividend of $0.825 per share. The ex-dividend date was Friday, March 28th. This represents a $3.30 annualized dividend and a yield of 1.67%. Ralph Lauren's dividend payout ratio 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.