Natixis Advisors LLC raised its holdings in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 78.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,845 shares of the textile maker's stock after purchasing an additional 10,502 shares during the quarter. Natixis Advisors LLC's holdings in Ralph Lauren were worth $5,508,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in 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 buying an additional 127 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Ralph Lauren by 281.1% in the fourth quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker's stock valued at $47,000 after acquiring an additional 149 shares during the period. True Wealth Design LLC lifted its holdings in shares of Ralph Lauren by 8,933.3% in the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker's stock worth $53,000 after acquiring an additional 268 shares during the last quarter. Versant Capital Management Inc grew its holdings in Ralph Lauren by 333.3% during the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker's stock valued at $81,000 after purchasing an additional 270 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. purchased a new stake in Ralph Lauren in the 3rd quarter worth about $86,000. 67.91% of the stock is owned by hedge funds and other institutional investors.
Ralph Lauren Stock Down 1.7 %
Shares of NYSE RL traded down $4.12 during midday trading on Tuesday, reaching $231.92. 640,121 shares of the company's stock traded hands, compared to its average volume of 786,066. The company has a market cap of $14.32 billion, a price-to-earnings ratio of 21.16, a P/E/G ratio of 1.73 and a beta of 1.50. The stock's 50 day simple moving average is $251.93 and its 200-day simple moving average is $225.47. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. Ralph Lauren Co. has a one year low of $155.96 and a one year high of $289.33.
Ralph Lauren (NYSE:RL - Get Free Report) last announced its earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) 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%. On average, analysts predict that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.
Ralph Lauren Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders 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 dividend on an annualized basis and a yield of 1.42%. Ralph Lauren's dividend payout ratio is presently 30.11%.
Wall Street Analysts Forecast Growth
RL has been the topic of a number of analyst reports. Needham & Company LLC initiated coverage on Ralph Lauren in a research note on Wednesday, February 12th. They set a "buy" rating and a $310.00 target price on the stock. BNP Paribas raised Ralph Lauren to a "strong-buy" rating in a research report on Thursday, January 23rd. Guggenheim increased their target price on Ralph Lauren from $285.00 to $310.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Telsey Advisory Group reissued an "outperform" rating and set a $265.00 target price on shares of Ralph Lauren in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. upped their price target on shares of Ralph Lauren from $285.00 to $342.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. 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's stock. Based on data from MarketBeat, Ralph Lauren currently has an average rating of "Moderate Buy" and an average target price of $284.62.
Check Out Our Latest Research Report on RL
Ralph Lauren Profile
(
Free Report)
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.
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