Pictet Asset Management Holding SA cut its position in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 20.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 346,891 shares of the textile maker's stock after selling 88,513 shares during the period. Pictet Asset Management Holding SA owned 0.56% of Ralph Lauren worth $80,125,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised 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 acquiring an additional 127 shares during the period. Jones Financial Companies Lllp boosted its holdings 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 buying an additional 149 shares during the last quarter. True Wealth Design LLC increased its stake in Ralph Lauren by 8,933.3% during the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker's stock worth $53,000 after buying an additional 268 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Ralph Lauren by 333.3% during the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker's stock valued at $81,000 after acquiring an additional 270 shares during the last quarter. Finally, Erste Asset Management GmbH acquired a new stake in shares of Ralph Lauren in the third quarter worth approximately $97,000. Institutional investors and hedge funds own 67.91% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the company. Jefferies Financial Group raised their price objective on Ralph Lauren from $285.00 to $330.00 and gave the company a "buy" rating in a report on Thursday, February 6th. TD Cowen raised their price target on shares of Ralph Lauren from $258.00 to $268.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Barclays upped their price objective on shares of Ralph Lauren from $257.00 to $310.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Needham & Company LLC started coverage on shares of Ralph Lauren in a research note on Wednesday, February 12th. They issued a "buy" rating and a $310.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their price target on Ralph Lauren from $285.00 to $342.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $284.62.
Read Our Latest Report on Ralph Lauren
Ralph Lauren Trading Up 3.6 %
RL traded up $7.98 on Tuesday, hitting $228.72. The company had a trading volume of 1,401,404 shares, compared to its average volume of 819,337. The company's fifty day moving average price is $250.62 and its 200 day moving average price is $226.83. Ralph Lauren Co. has a 1 year low of $155.96 and a 1 year high of $289.33. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. The firm has a market cap of $14.13 billion, a P/E ratio of 20.87, a PEG ratio of 1.73 and a beta of 1.50.
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 net margin of 10.14% and a return on equity of 30.88%. As a group, equities analysts expect that Ralph Lauren Co. will post 12.01 earnings per share for the current year.
Ralph Lauren Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.44%. The ex-dividend date is Friday, March 28th. Ralph Lauren's payout ratio is 30.11%.
About Ralph Lauren
(
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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