Ralph Lauren Co. (NYSE:RL) is Dynamic Technology Lab Private Ltd's 6th Largest Position

Dynamic Technology Lab Private Ltd cut its position in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 24.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,024 shares of the textile maker's stock after selling 4,858 shares during the period. Ralph Lauren comprises 0.6% of Dynamic Technology Lab Private Ltd's portfolio, making the stock its 6th biggest position. Dynamic Technology Lab Private Ltd's holdings in Ralph Lauren were worth $3,470,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in Ralph Lauren by 8.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,079,578 shares of the textile maker's stock worth $249,361,000 after buying an additional 82,819 shares during the last quarter. Boston Partners grew its stake 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 worth $227,085,000 after acquiring an additional 65,303 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Ralph Lauren by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 968,776 shares of the textile maker's stock valued at $223,513,000 after acquiring an additional 19,264 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in Ralph Lauren in the 3rd quarter worth approximately $94,831,000. Finally, Truist Financial Corp boosted its stake in Ralph Lauren by 5.6% in the 4th quarter. Truist Financial Corp now owns 279,156 shares of the textile maker's stock worth $64,480,000 after purchasing an additional 14,693 shares in the last quarter. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

RL has been the topic of several research analyst reports. Guggenheim boosted their price target on Ralph Lauren from $285.00 to $310.00 and gave the company a "buy" rating in a research note on Friday, February 7th. The Goldman Sachs Group upgraded shares of Ralph Lauren from a "neutral" rating to a "buy" rating and increased their price target for the stock from $280.00 to $286.00 in a report on Tuesday, March 18th. Cowen restated a "buy" rating on shares of Ralph Lauren in a research note on Tuesday, February 4th. JPMorgan Chase & Co. increased their price objective on shares of Ralph Lauren from $285.00 to $342.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Finally, BNP Paribas upgraded shares of Ralph Lauren to a "strong-buy" rating in a research report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $277.43.

Ralph Lauren Stock Performance

RL stock traded down $15.23 on Thursday, hitting $193.14. The company's stock had a trading volume of 682,697 shares, compared to its average volume of 843,072. 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 stock has a market cap of $11.93 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 1.73 and a beta of 1.38. The firm has a 50 day moving average of $241.63 and a two-hundred day moving average of $227.48.

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, 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%. Equities analysts predict that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.71%. The ex-dividend date is Friday, March 28th. Ralph Lauren's payout ratio is 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.