Lbp Am Sa Purchases 9,284 Shares of Ralph Lauren Co. (NYSE:RL)

LBP AM SA boosted its holdings in Ralph Lauren Co. (NYSE:RL - Free Report) by 54.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,293 shares of the textile maker's stock after purchasing an additional 9,284 shares during the quarter. LBP AM SA's holdings in Ralph Lauren were worth $6,073,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in RL. Lord Abbett & CO. LLC acquired a new position in shares of Ralph Lauren during the third quarter valued at $94,831,000. Pacer Advisors Inc. boosted its holdings in shares of Ralph Lauren by 13.7% during the third quarter. Pacer Advisors Inc. now owns 1,139,975 shares of the textile maker's stock valued at $221,007,000 after acquiring an additional 137,631 shares during the period. World Investment Advisors LLC acquired a new position in shares of Ralph Lauren during the third quarter valued at $19,320,000. Atreides Management LP boosted its holdings in shares of Ralph Lauren by 28.3% during the third quarter. Atreides Management LP now owns 377,481 shares of the textile maker's stock valued at $73,182,000 after acquiring an additional 83,349 shares during the period. Finally, Holocene Advisors LP boosted 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 acquiring an additional 78,008 shares during the period. Institutional investors and hedge funds own 67.91% of the company's stock.

Analysts Set New Price Targets

RL has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on shares of Ralph Lauren from $225.00 to $275.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. Telsey Advisory Group reiterated an "outperform" rating and issued a $265.00 price target on shares of Ralph Lauren in a research report on Tuesday, February 4th. JPMorgan Chase & Co. boosted their price target on shares of Ralph Lauren from $285.00 to $342.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. BNP Paribas upgraded shares of Ralph Lauren to a "strong-buy" rating in a research report on Thursday, January 23rd. Finally, Argus upgraded shares of Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 price target on the stock in a research report on Tuesday, December 31st. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $284.62.

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Ralph Lauren Stock Up 1.9 %

NYSE:RL traded up $4.22 on Wednesday, hitting $224.04. 944,403 shares of the company's stock traded hands, compared to its average volume of 779,875. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. Ralph Lauren Co. has a 1 year low of $155.96 and a 1 year high of $289.33. The firm has a 50-day moving average price of $253.01 and a 200-day moving average price of $223.51. The company has a market cap of $13.84 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50.

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 for the quarter, beating the consensus estimate 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 anticipate 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 paid a dividend of $0.825 per share. The ex-dividend date is Friday, March 28th. This represents a $3.30 annualized dividend and a yield of 1.47%. Ralph Lauren's dividend payout ratio (DPR) is presently 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.