Nomura Asset Management Co. Ltd. boosted its holdings in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 70.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,455 shares of the textile maker's stock after buying an additional 3,077 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Ralph Lauren were worth $1,722,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of RL. EverSource Wealth Advisors LLC boosted its stake 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 worth $32,000 after buying an additional 127 shares during the last quarter. Jones Financial Companies Lllp boosted its position in 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 purchasing an additional 149 shares in the last quarter. Versant Capital Management Inc boosted its position in 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 purchasing an additional 270 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Ralph Lauren during the 3rd quarter worth approximately $97,000. Finally, TD Private Client Wealth LLC increased its holdings 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 purchasing an additional 73 shares in the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.
Ralph Lauren Price Performance
RL traded down $4.75 on Monday, reaching $192.87. 1,948,883 shares of the company's stock were exchanged, compared to its average volume of 840,177. The stock has a market cap of $11.91 billion, a PE ratio of 17.60, a P/E/G ratio of 1.73 and a beta of 1.38. 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 Co. has a twelve month low of $155.96 and a twelve month high of $289.33. The stock's fifty day moving average price is $246.48 and its 200-day moving average price is $227.81.
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%. Sell-side analysts expect that Ralph Lauren Co. will post 12.01 EPS for the current year.
Ralph Lauren Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders 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 dividend yield of 1.71%. The ex-dividend date is Friday, March 28th. Ralph Lauren's dividend payout ratio (DPR) is presently 30.11%.
Analyst Upgrades and Downgrades
RL has been the topic of several analyst reports. Wells Fargo & Company raised their price target on shares of Ralph Lauren from $225.00 to $275.00 and gave the company an "equal weight" rating in a research report on Friday, February 7th. TD Cowen lifted their price target on Ralph Lauren from $258.00 to $268.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Telsey Advisory Group reiterated an "outperform" rating and set a $265.00 price target on shares of Ralph Lauren in a research report on Tuesday, February 4th. Argus upgraded 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. Finally, Cowen reaffirmed a "buy" rating on shares of Ralph Lauren in a research note on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $279.93.
Check Out Our Latest Report on Ralph Lauren
Ralph Lauren Profile
(
Free Report)
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.
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