Raymond James Financial Inc. bought a new position in shares of Ralph Lauren Co. (NYSE:RL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 72,942 shares of the textile maker's stock, valued at approximately $16,848,000. Raymond James Financial Inc. owned approximately 0.12% of Ralph Lauren at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in RL. 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 worth $47,000 after acquiring an additional 149 shares during the last quarter. Huntington National Bank boosted its stake in shares of Ralph Lauren by 86.6% during the third quarter. Huntington National Bank now owns 222 shares of the textile maker's stock valued at $43,000 after purchasing an additional 103 shares in the last quarter. True Wealth Design LLC grew its holdings in shares of Ralph Lauren by 8,933.3% during the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker's stock worth $53,000 after purchasing an additional 268 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Ralph Lauren by 333.3% in the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker's stock valued at $81,000 after buying an additional 270 shares during the period. Finally, Transamerica Financial Advisors Inc. bought a new position in Ralph Lauren in the 3rd quarter valued at approximately $86,000. Institutional investors own 67.91% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on RL shares. BNP Paribas raised shares of Ralph Lauren to a "strong-buy" rating in a report on Thursday, January 23rd. Wells Fargo & Company boosted their price objective on shares of Ralph Lauren from $225.00 to $275.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. Cowen reaffirmed a "buy" rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. JPMorgan Chase & Co. lifted their target price on Ralph Lauren from $285.00 to $342.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Finally, TD Cowen increased their price target on Ralph Lauren from $258.00 to $268.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $284.62.
View Our Latest Analysis on Ralph Lauren
Ralph Lauren Stock Down 0.5 %
NYSE:RL traded down $1.16 during trading hours on Friday, reaching $223.97. The company had a trading volume of 2,288,448 shares, compared to its average volume of 784,882. The business's 50-day simple moving average is $252.28 and its two-hundred day simple moving average is $223.52. Ralph Lauren Co. has a twelve month low of $155.96 and a twelve month high of $289.33. The firm has a market cap 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 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 (NYSE:RL - Get Free Report) last issued its earnings results on Thursday, February 6th. The textile maker reported $4.82 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, equities analysts expect that Ralph Lauren Co. will post 12.01 earnings per share for the current year.
Ralph Lauren Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Friday, March 28th. Ralph Lauren's dividend payout ratio is currently 30.11%.
Ralph Lauren Company 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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