Boston Partners Buys 65,303 Shares of Ralph Lauren Co. (NYSE:RL)

Boston Partners lifted its stake in Ralph Lauren Co. (NYSE:RL - Free Report) by 7.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 982,927 shares of the textile maker's stock after acquiring an additional 65,303 shares during the quarter. Boston Partners owned approximately 1.58% of Ralph Lauren worth $227,085,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Signaturefd LLC increased its stake in shares of Ralph Lauren by 20.4% in the fourth quarter. Signaturefd LLC now owns 737 shares of the textile maker's stock worth $170,000 after acquiring an additional 125 shares during the last quarter. Cibc World Markets Corp boosted its holdings in Ralph Lauren by 45.0% in the fourth quarter. Cibc World Markets Corp now owns 4,548 shares of the textile maker's stock worth $1,050,000 after purchasing an additional 1,411 shares in the last quarter. Twin Tree Management LP boosted its holdings in Ralph Lauren by 10.9% in the fourth quarter. Twin Tree Management LP now owns 37,395 shares of the textile maker's stock worth $8,637,000 after purchasing an additional 3,688 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in Ralph Lauren in the fourth quarter worth $914,000. Finally, Globeflex Capital L P bought a new stake in Ralph Lauren in the fourth quarter worth $139,000. 67.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RL has been the subject of a number of recent research reports. Jefferies Financial Group upped their price objective on shares of Ralph Lauren from $285.00 to $330.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. TD Cowen upped their price objective on shares of Ralph Lauren from $258.00 to $268.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Needham & Company LLC started coverage on shares of Ralph Lauren in a report on Wednesday, February 12th. They set a "buy" rating and a $310.00 price target for the company. Wells Fargo & Company upped their price target on shares of Ralph Lauren from $225.00 to $275.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $265.00 price target on shares of Ralph Lauren in a report on Tuesday, February 4th. Two research 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, the company presently has a consensus rating of "Moderate Buy" and an average price target of $284.62.

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Ralph Lauren Price Performance

NYSE:RL traded down $1.16 during mid-day trading on Friday, hitting $223.97. The company's stock had a trading volume of 2,324,267 shares, compared to its average volume of 783,949. Ralph Lauren Co. has a fifty-two week low of $155.96 and a fifty-two 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 company has a market capitalization of $13.83 billion, a price-to-earnings ratio of 20.44, a P/E/G ratio of 1.73 and a beta of 1.50. The stock has a fifty day moving average of $252.02 and a 200-day moving average of $224.24.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. As a group, equities analysts forecast 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. Stockholders of record on Friday, March 28th will be issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, March 28th. Ralph Lauren's payout ratio is 30.11%.

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.