New Age Alpha Advisors LLC Purchases New Stake in Ralph Lauren Co. (NYSE:RL)

New Age Alpha Advisors LLC bought a new stake in Ralph Lauren Co. (NYSE:RL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,773 shares of the textile maker's stock, valued at approximately $1,102,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its holdings in shares of Ralph Lauren by 1,270.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker's stock valued at $32,000 after buying an additional 127 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Ralph Lauren by 281.1% in the fourth quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker's stock valued at $47,000 after purchasing an additional 149 shares during the last quarter. Versant Capital Management Inc boosted its holdings in 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 last quarter. TD Private Client Wealth LLC increased its stake in Ralph Lauren by 19.6% in 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 during the last quarter. Finally, Erste Asset Management GmbH acquired a new position in shares of Ralph Lauren during the 3rd quarter worth about $97,000. 67.91% of the stock is owned by institutional investors.

Ralph Lauren Price Performance

Shares of RL traded up $7.33 during mid-day trading on Wednesday, reaching $236.25. The company had a trading volume of 1,002,111 shares, compared to its average volume of 817,775. The company's 50 day simple moving average is $249.94 and its 200 day simple moving average is $227.24. Ralph Lauren Co. has a 1-year low of $155.96 and a 1-year high of $289.33. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.31 and a current ratio of 1.76. The company has a market capitalization of $14.59 billion, a price-to-earnings ratio of 21.56, a P/E/G ratio of 1.73 and a beta of 1.50.

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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 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%. Analysts expect that Ralph Lauren Co. will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Friday, March 28th. Ralph Lauren's payout ratio is currently 30.11%.

Analyst Upgrades and Downgrades

RL has been the subject of several analyst reports. Argus raised shares of Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 target price for the company in a research note on Tuesday, December 31st. Wells Fargo & Company lifted their target price on shares of Ralph Lauren from $225.00 to $275.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. Barclays boosted their price objective on Ralph Lauren from $257.00 to $310.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Telsey Advisory Group restated an "outperform" rating and issued a $265.00 price target on shares of Ralph Lauren in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group raised their price target 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 investment 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 company. According to MarketBeat.com, Ralph Lauren has a consensus 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.