Sei Investments Co. Has $10.34 Million Position in Ralph Lauren Co. (NYSE:RL)

Sei Investments Co. increased its position in Ralph Lauren Co. (NYSE:RL - Free Report) by 775.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,766 shares of the textile maker's stock after acquiring an additional 39,653 shares during the period. Sei Investments Co. owned approximately 0.07% of Ralph Lauren worth $10,340,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Cerity Partners LLC increased its stake in shares of Ralph Lauren by 70.3% in the third quarter. Cerity Partners LLC now owns 12,436 shares of the textile maker's stock valued at $2,411,000 after purchasing an additional 5,133 shares during the period. Daiwa Securities Group Inc. grew its holdings in Ralph Lauren by 17.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 1,848 shares of the textile maker's stock worth $358,000 after buying an additional 278 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Ralph Lauren by 1.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 32,465 shares of the textile maker's stock valued at $6,294,000 after acquiring an additional 510 shares during the period. BNP Paribas Financial Markets raised its stake in Ralph Lauren by 81.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 121,139 shares of the textile maker's stock valued at $23,485,000 after acquiring an additional 54,409 shares in the last quarter. Finally, Townsquare Capital LLC acquired a new position in Ralph Lauren during the 3rd quarter worth $331,000. 67.91% of the stock is currently owned by institutional investors.

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Ralph Lauren Stock Up 3.6 %

NYSE:RL traded up $7.98 on Tuesday, hitting $228.72. 1,401,403 shares of the company's stock traded hands, compared to its average volume of 819,332. The company has a market cap of $14.13 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50. 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 firm has a 50-day moving average price of $250.62 and a 200-day moving average price of $226.83.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, beating analysts' consensus estimates 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 anticipate that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $3.30 annualized dividend and a dividend yield of 1.44%. Ralph Lauren's dividend payout ratio is 30.11%.

Analyst Ratings Changes

RL has been the topic of a number of research analyst reports. Raymond James lowered Ralph Lauren from an "outperform" rating to a "market perform" rating in a report on Monday, January 27th. Needham & Company LLC assumed coverage on shares of Ralph Lauren in a research report on Wednesday, February 12th. They set a "buy" rating and a $310.00 price target on the stock. UBS Group upped their price target on shares of Ralph Lauren from $332.00 to $348.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Barclays raised their price objective on shares of Ralph Lauren from $257.00 to $310.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Finally, Jefferies Financial Group upped their target price on Ralph Lauren from $285.00 to $330.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.