Mitsubishi UFJ Asset Management Co. Ltd. Raises Stock Position in Ralph Lauren Co. (NYSE:RL)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Ralph Lauren Co. (NYSE:RL - Free Report) by 29.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,757 shares of the textile maker's stock after purchasing an additional 8,488 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.06% of Ralph Lauren worth $8,854,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings in shares of Ralph Lauren by 1,270.0% in 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 in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Ralph Lauren by 281.1% in the 4th 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 grew 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 worth $81,000 after buying an additional 270 shares in the last quarter. Erste Asset Management GmbH bought a new stake in shares of Ralph Lauren in the 3rd quarter worth about $97,000. Finally, TD Private Client Wealth LLC raised its position in shares of Ralph Lauren by 19.6% during the 4th quarter. TD Private Client Wealth LLC now owns 446 shares of the textile maker's stock valued at $103,000 after buying an additional 73 shares in the last quarter. Institutional investors own 67.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on RL shares. JPMorgan Chase & Co. upped their price objective on Ralph Lauren from $285.00 to $342.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. UBS Group increased their price target on Ralph Lauren from $332.00 to $348.00 and gave the company 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 target price on shares of Ralph Lauren from $225.00 to $275.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. Finally, Argus upgraded shares of Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 target price for the company in a report on Tuesday, December 31st. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Ralph Lauren has an average rating of "Moderate Buy" and a consensus target price of $284.62.

Ralph Lauren Trading Down 0.7 %

RL stock traded down $1.36 during mid-day trading on Friday, reaching $196.53. The company had a trading volume of 3,060,980 shares, compared to its average volume of 835,540. Ralph Lauren Co. has a 12 month low of $155.96 and a 12 month high of $289.33. The company has a market capitalization of $12.14 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50. The firm has a 50 day moving average of $247.58 and a 200 day moving average of $227.44. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31.

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

Ralph Lauren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Friday, March 28th. Ralph Lauren's dividend payout ratio (DPR) is 30.11%.

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.