Mitsubishi UFJ Trust & Banking Corp Boosts Holdings in Ralph Lauren Co. (NYSE:RL)

Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 62.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,585 shares of the textile maker's stock after purchasing an additional 4,085 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Ralph Lauren were worth $2,445,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of RL. Burney Co. bought a new position in Ralph Lauren in the 4th quarter valued at $5,711,000. Citizens Financial Group Inc. RI purchased a new position in Ralph Lauren in the fourth quarter worth $3,014,000. Amundi boosted 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 buying an additional 14,889 shares in the last quarter. Keystone Investors PTE Ltd. bought a new position in shares of Ralph Lauren during the 4th quarter valued at $2,264,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Ralph Lauren in the third quarter worth $1,819,000. Institutional investors own 67.91% of the company's stock.

Ralph Lauren Price Performance

Shares of RL traded up $7.33 during trading hours on Wednesday, reaching $236.25. 1,002,111 shares of the stock traded hands, compared to its average volume of 817,775. The company's 50-day moving average price is $249.94 and its two-hundred day moving average price is $227.24. Ralph Lauren Co. has a 52-week low of $155.96 and a 52-week high of $289.33. The company has a market cap of $14.59 billion, a P/E ratio of 21.56, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39.

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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 for the quarter, beating the consensus estimate of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. On average, analysts anticipate that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.825 per share. 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 is 30.11%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RL. TD Cowen upped their price objective on shares of Ralph Lauren from $258.00 to $268.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Cowen restated a "buy" rating on shares of Ralph Lauren in a report on Tuesday, February 4th. Wells Fargo & Company lifted their price target on shares of Ralph Lauren from $225.00 to $275.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. Argus upgraded shares of Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 price objective for the company in a report on Tuesday, December 31st. Finally, UBS Group boosted their price target on shares of Ralph Lauren from $332.00 to $348.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently 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.