Proficio Capital Partners LLC Invests $10.78 Million in Ralph Lauren Co. (NYSE:RL)

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

Several other institutional investors and hedge funds also recently made changes to their positions in RL. Mather Group LLC. grew its stake in shares of Ralph Lauren by 4.1% in the 4th quarter. Mather Group LLC. now owns 1,182 shares of the textile maker's stock valued at $273,000 after buying an additional 47 shares during the period. M&T Bank Corp grew its stake in Ralph Lauren by 3.4% in the third quarter. M&T Bank Corp now owns 1,657 shares of the textile maker's stock valued at $321,000 after acquiring an additional 55 shares during the period. Asset Management One Co. Ltd. increased its holdings in shares of Ralph Lauren by 6.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,005 shares of the textile maker's stock valued at $231,000 after acquiring an additional 62 shares in the last quarter. Commerce Bank raised its position in shares of Ralph Lauren by 1.2% during the third quarter. Commerce Bank now owns 5,687 shares of the textile maker's stock worth $1,103,000 after purchasing an additional 66 shares during the period. Finally, Atomi Financial Group Inc. lifted its holdings in shares of Ralph Lauren by 7.4% in the 4th quarter. Atomi Financial Group Inc. now owns 1,274 shares of the textile maker's stock worth $294,000 after purchasing an additional 88 shares in the last quarter. Institutional investors own 67.91% of the company's stock.

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Ralph Lauren Stock Performance

Shares of RL stock traded up $4.22 during trading hours on Wednesday, hitting $224.04. 622,722 shares of the company were exchanged, compared to its average volume of 779,791. 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 stock has a market capitalization of $13.84 billion, a price-to-earnings ratio of 20.44, a P/E/G ratio of 1.73 and a beta of 1.50. The firm has a fifty day simple moving average of $253.01 and a 200 day simple moving average of $223.51. Ralph Lauren Co. has a 52-week low of $155.96 and a 52-week high of $289.33.

Ralph Lauren (NYSE:RL - Get Free Report) last released its earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, topping 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%. Research analysts predict that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Friday, March 28th. Ralph Lauren's dividend payout ratio (DPR) is presently 30.11%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. BNP Paribas upgraded shares of Ralph Lauren to a "strong-buy" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. upped their target price on shares of Ralph Lauren from $285.00 to $342.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Raymond James downgraded Ralph Lauren from an "outperform" rating to a "market perform" rating in a research note on Monday, January 27th. The Goldman Sachs Group raised Ralph Lauren from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $280.00 to $286.00 in a research note on Tuesday. Finally, Argus upgraded Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 price target for the company in a report on Tuesday, December 31st. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $284.62.

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.