Prudential Financial Inc. Raises Stock Position in Ralph Lauren Co. (NYSE:RL)

Prudential Financial Inc. boosted its holdings in Ralph Lauren Co. (NYSE:RL - Free Report) by 16.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,873 shares of the textile maker's stock after acquiring an additional 13,879 shares during the quarter. Prudential Financial Inc. owned 0.15% of Ralph Lauren worth $22,145,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Boston Partners lifted its holdings in shares of Ralph Lauren by 7.1% during the fourth quarter. Boston Partners now owns 982,927 shares of the textile maker's stock valued at $227,085,000 after purchasing an additional 65,303 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Ralph Lauren by 3.3% during 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 during the last quarter. Holocene Advisors LP raised its holdings in shares of Ralph Lauren by 10.2% during the third quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker's stock valued at $162,714,000 after purchasing an additional 78,008 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Ralph Lauren by 2.8% during the third 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. Finally, Lord Abbett & CO. LLC purchased a new stake in Ralph Lauren in the third quarter worth approximately $94,831,000. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

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Ralph Lauren Trading Down 1.1 %

Shares of RL traded down $2.35 during midday trading on Monday, hitting $213.33. The stock had a trading volume of 215,681 shares, compared to its average volume of 811,755. Ralph Lauren Co. has a 1 year low of $155.96 and a 1 year high of $289.33. 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 stock's 50 day moving average is $251.01 and its 200 day moving average is $226.51. The firm has a market cap of $13.18 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its quarterly 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%. As a group, analysts forecast that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a $0.825 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $3.30 annualized dividend and a dividend yield of 1.55%. Ralph Lauren's dividend payout ratio is currently 30.11%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Barclays lifted their price objective on Ralph Lauren from $257.00 to $310.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Raymond James cut shares of Ralph Lauren from an "outperform" rating to a "market perform" rating in a report on Monday, January 27th. BNP Paribas raised shares of Ralph Lauren to a "strong-buy" rating in a research report on Thursday, January 23rd. Guggenheim lifted their target price on Ralph Lauren from $285.00 to $310.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Finally, The Goldman Sachs Group upgraded Ralph Lauren from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $280.00 to $286.00 in a research note on Tuesday, March 18th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Ralph Lauren presently has a consensus rating of "Moderate Buy" and a consensus target price of $284.62.

Ralph Lauren 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.