Mitsubishi UFJ Asset Management Co. Ltd. Purchases 8,488 Shares of Ralph Lauren Co. (NYSE:RL)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 29.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,757 shares of the textile maker's stock after acquiring an additional 8,488 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.06% of Ralph Lauren worth $8,854,000 at the end of the most recent reporting period.

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

Ralph Lauren Price Performance

Ralph Lauren stock traded up $7.33 during midday trading on Wednesday, reaching $236.25. 1,002,111 shares of the stock were exchanged, compared to its average volume of 817,775. The company's fifty day moving average is $249.94 and its 200-day moving average is $227.24. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.31 and a current ratio of 1.76. Ralph Lauren Co. has a 52 week low of $155.96 and a 52 week high of $289.33. The firm has a market cap of $14.59 billion, a PE ratio of 21.56, a PEG ratio of 1.73 and a beta of 1.50.

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

Ralph Lauren Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on RL shares. Argus raised shares of Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 price objective for the company in a research report on Tuesday, December 31st. Wells Fargo & Company upped their price objective on Ralph Lauren from $225.00 to $275.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. UBS Group lifted their target price on Ralph Lauren from $332.00 to $348.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. The Goldman Sachs Group upgraded shares of Ralph Lauren from a "neutral" rating to a "buy" rating and increased their price target for the company from $280.00 to $286.00 in a research report on Tuesday, March 18th. Finally, Jefferies Financial Group lifted their price objective on shares of Ralph Lauren from $285.00 to $330.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Two equities 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 company. According to MarketBeat, Ralph Lauren has an average rating of "Moderate Buy" and a consensus target price of $284.62.

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.