Sei Investments Co. Acquires 39,653 Shares of Ralph Lauren Co. (NYSE:RL)

Sei Investments Co. increased its holdings in Ralph Lauren Co. (NYSE:RL - Free Report) by 775.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,766 shares of the textile maker's stock after acquiring an additional 39,653 shares during the quarter. Sei Investments Co. owned about 0.07% of Ralph Lauren worth $10,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of RL. EverSource Wealth Advisors LLC grew its stake in shares of Ralph Lauren by 1,270.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker's stock worth $32,000 after acquiring an additional 127 shares during the last quarter. Jones Financial Companies Lllp grew its position in Ralph Lauren by 281.1% during the 4th quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker's stock valued at $47,000 after purchasing an additional 149 shares during the last quarter. True Wealth Design LLC raised its holdings in Ralph Lauren by 8,933.3% in the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker's stock worth $53,000 after buying an additional 268 shares during the last quarter. Versant Capital Management Inc raised its holdings in Ralph Lauren by 333.3% in the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker's stock worth $81,000 after buying an additional 270 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in shares of Ralph Lauren by 19.6% in the fourth quarter. TD Private Client Wealth LLC now owns 446 shares of the textile maker's stock worth $103,000 after buying an additional 73 shares in the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Stock Performance

Ralph Lauren stock traded down $38.51 during trading on Thursday, reaching $197.84. The company had a trading volume of 3,345,879 shares, compared to its average volume of 826,539. The firm's 50-day simple moving average is $248.77 and its 200 day simple moving average is $227.04. Ralph Lauren Co. has a 52 week low of $155.96 and a 52 week 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 market capitalization of $12.22 billion, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, topping 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%. Sell-side analysts forecast that Ralph Lauren Co. will post 12.01 earnings per share 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. Stockholders of record on Friday, March 28th will be paid a $0.825 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.67%. Ralph Lauren's dividend payout ratio (DPR) is presently 30.11%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Argus upgraded shares of Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 price objective for the company in a report on Tuesday, December 31st. The Goldman Sachs Group raised Ralph Lauren from a "neutral" rating to a "buy" rating and upped their price target for the company from $280.00 to $286.00 in a report on Tuesday, March 18th. Raymond James downgraded Ralph Lauren from an "outperform" rating to a "market perform" rating in a report on Monday, January 27th. JPMorgan Chase & Co. upped their target price on shares of Ralph Lauren from $285.00 to $342.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Finally, Barclays lifted their price target on shares of Ralph Lauren from $257.00 to $310.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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.