Proficio Capital Partners LLC Purchases New Holdings in Ralph Lauren Co. (NYSE:RL)

Proficio Capital Partners LLC acquired a new position in shares of Ralph Lauren Co. (NYSE:RL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 46,658 shares of the textile maker's stock, valued at approximately $10,777,000. Proficio Capital Partners LLC owned approximately 0.08% of Ralph Lauren as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. raised its holdings in Ralph Lauren by 13.7% during the 3rd quarter. Pacer Advisors Inc. now owns 1,139,975 shares of the textile maker's stock worth $221,007,000 after buying an additional 137,631 shares during the period. Geode Capital Management LLC lifted its position in shares of Ralph Lauren by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 949,512 shares of the textile maker's stock valued at $183,787,000 after acquiring an additional 30,694 shares in the last quarter. Holocene Advisors LP grew its position in Ralph Lauren by 10.2% during the 3rd quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker's stock worth $162,714,000 after purchasing an additional 78,008 shares in the last quarter. Jennison Associates LLC grew its position in Ralph Lauren by 13.2% during the 3rd quarter. Jennison Associates LLC now owns 520,393 shares of the textile maker's stock worth $100,889,000 after purchasing an additional 60,610 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Ralph Lauren by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker's stock valued at $95,537,000 after purchasing an additional 13,640 shares during the period. 67.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. BNP Paribas upgraded Ralph Lauren to a "strong-buy" rating in a report on Thursday, January 23rd. Jefferies Financial Group lifted their target price on Ralph Lauren from $285.00 to $330.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Guggenheim increased their price target on shares of Ralph Lauren from $285.00 to $310.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. TD Cowen boosted their price objective on shares of Ralph Lauren from $258.00 to $268.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Finally, Argus upgraded shares of Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 price objective on the stock in a research note on Tuesday, December 31st. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $284.15.

Ralph Lauren Stock Performance

RL traded down $9.00 on Monday, hitting $262.14. The company had a trading volume of 806,255 shares, compared to its average volume of 778,331. The stock has a market cap of $16.19 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 1.73 and a beta of 1.49. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31. The company's fifty day moving average price is $253.49 and its 200 day moving average price is $218.25. Ralph Lauren Co. has a 1-year low of $155.96 and a 1-year high of $289.33.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. Equities analysts predict that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.26%. Ralph Lauren's payout ratio is presently 30.11%.

Ralph Lauren Company 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.