O Shaughnessy Asset Management LLC grew its holdings in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 25.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,064 shares of the textile maker's stock after purchasing an additional 2,833 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Ralph Lauren were worth $3,249,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of the business. EverSource Wealth Advisors LLC increased its position in Ralph Lauren by 1,270.0% during 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 holdings in shares of Ralph Lauren by 281.1% during 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 during the period. Versant Capital Management Inc grew its stake in Ralph Lauren by 333.3% in the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker's stock valued at $81,000 after buying an additional 270 shares during the last quarter. Summit Securities Group LLC bought a new position in Ralph Lauren in the 4th quarter worth $92,000. Finally, Erste Asset Management GmbH acquired a new position in Ralph Lauren during the 3rd quarter worth $97,000. Institutional investors and hedge funds own 67.91% of the company's stock.
Ralph Lauren Price Performance
Shares of NYSE:RL traded down $3.08 during midday trading on Tuesday, reaching $190.09. 312,515 shares of the company's stock were exchanged, compared to its average volume of 986,375. The firm has a market capitalization of $11.74 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 1.73 and a beta of 1.38. The company's 50 day simple moving average is $246.48 and its two-hundred day simple moving average is $227.81. Ralph Lauren Co. has a 12 month low of $155.96 and a 12 month 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.
Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, topping analysts' consensus estimates of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. Equities research analysts expect that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.
Ralph Lauren Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Friday, March 28th. Ralph Lauren's dividend payout ratio (DPR) is 30.11%.
Wall Street Analyst Weigh In
RL has been the topic of several research analyst reports. Cowen reaffirmed a "buy" rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. BNP Paribas raised Ralph Lauren to a "strong-buy" rating in a report on Thursday, January 23rd. The Goldman Sachs Group raised Ralph Lauren from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $280.00 to $286.00 in a research report on Tuesday, March 18th. Needham & Company LLC began coverage on Ralph Lauren in a research report on Wednesday, February 12th. They issued a "buy" rating and a $310.00 price objective for the company. Finally, Argus raised shares of Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 target price on the stock in a research report on Tuesday, December 31st. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $277.43.
Check Out Our Latest Research Report on RL
About Ralph Lauren
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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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