Optimize Financial Inc Buys Shares of 3,060 Ralph Lauren Co. (NYSE:RL)

Optimize Financial Inc bought a new position in Ralph Lauren Co. (NYSE:RL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,060 shares of the textile maker's stock, valued at approximately $707,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Burney Co. bought a new stake in shares of Ralph Lauren during the 4th quarter worth $5,711,000. Citizens Financial Group Inc. RI bought a new stake in Ralph Lauren during the fourth quarter valued at about $3,014,000. Amundi grew its position in shares of Ralph Lauren by 8.3% in the fourth quarter. Amundi now owns 195,208 shares of the textile maker's stock valued at $47,444,000 after purchasing an additional 14,889 shares during the last quarter. Keystone Investors PTE Ltd. bought a new position in shares of Ralph Lauren in the fourth quarter worth about $2,264,000. Finally, CWA Asset Management Group LLC increased its stake in shares of Ralph Lauren by 31.9% in the fourth quarter. CWA Asset Management Group LLC now owns 11,913 shares of the textile maker's stock worth $2,752,000 after purchasing an additional 2,880 shares during the period. 67.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Telsey Advisory Group reissued an "outperform" rating and issued a $265.00 price objective on shares of Ralph Lauren in a research report on Tuesday, February 4th. Barclays raised their price target on shares of Ralph Lauren from $257.00 to $310.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Citigroup cut their price objective on shares of Ralph Lauren from $282.00 to $219.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. JPMorgan Chase & Co. increased their target price on shares of Ralph Lauren from $285.00 to $342.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Finally, Raymond James lowered Ralph Lauren from an "outperform" rating to a "market perform" rating in a research note on Monday, January 27th. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $277.43.

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Ralph Lauren Price Performance

Shares of NYSE:RL traded up $1.39 during trading on Tuesday, reaching $203.14. The stock had a trading volume of 972,918 shares, compared to its average volume of 846,538. The stock has a market capitalization of $12.55 billion, a PE ratio of 18.53, a P/E/G ratio of 1.73 and a beta of 1.38. Ralph Lauren Co. has a 52 week low of $155.96 and a 52 week high of $289.33. The business's 50-day moving average price is $237.26 and its 200 day moving average price is $227.64. 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 (NYSE:RL - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts predict that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Friday, March 28th. Ralph Lauren's dividend payout ratio is currently 30.11%.

About Ralph Lauren

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.