Raymond James Financial Inc. acquired a new stake in shares of Ralph Lauren Co. (NYSE:RL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 72,942 shares of the textile maker's stock, valued at approximately $16,848,000. Raymond James Financial Inc. owned 0.12% of Ralph Lauren as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in RL. Lord Abbett & CO. LLC bought a new position in Ralph Lauren during the 3rd quarter valued at about $94,831,000. Invesco Ltd. raised its stake in shares of Ralph Lauren by 30.6% in the fourth quarter. Invesco Ltd. now owns 1,237,512 shares of the textile maker's stock valued at $285,841,000 after acquiring an additional 289,924 shares during the last quarter. FMR LLC boosted its holdings in shares of Ralph Lauren by 16.9% in the 4th quarter. FMR LLC now owns 1,415,473 shares of the textile maker's stock worth $326,946,000 after acquiring an additional 205,121 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of Ralph Lauren by 671.0% in the 4th quarter. Schroder Investment Management Group now owns 136,239 shares of the textile maker's stock worth $31,637,000 after acquiring an additional 118,569 shares in the last quarter. Finally, World Investment Advisors LLC bought a new stake in Ralph Lauren during the 3rd quarter worth approximately $19,320,000. Institutional investors and hedge funds own 67.91% of the company's stock.
Ralph Lauren Trading Up 3.8 %
Shares of RL traded up $8.09 during trading hours on Thursday, reaching $220.62. The stock had a trading volume of 599,522 shares, compared to its average volume of 1,012,415. The company has a market cap of $13.63 billion, a P/E ratio of 20.13, a P/E/G ratio of 1.73 and a beta of 1.38. Ralph Lauren Co. has a 52 week low of $155.96 and a 52 week high of $289.33. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average of $229.20 and a 200 day moving average of $227.96.
Ralph Lauren (NYSE:RL - Get Free Report) last announced 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 return on equity of 30.88% and a net margin of 10.14%. On average, sell-side analysts expect that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.
Ralph Lauren Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Friday, March 28th. Ralph Lauren's dividend payout ratio (DPR) is presently 30.11%.
Wall Street Analyst Weigh In
A number of equities analysts have commented on RL shares. Citigroup reduced their price objective on Ralph Lauren from $282.00 to $219.00 and set a "neutral" rating on the stock in a research note on Monday, April 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 report on Thursday, February 6th. Wells Fargo & Company upgraded shares of Ralph Lauren from an "equal weight" rating to an "overweight" rating and reduced their target price for the stock from $275.00 to $240.00 in a research report on Tuesday, April 8th. The Goldman Sachs Group set a $262.00 price target on shares of Ralph Lauren in a report on Tuesday. Finally, Cowen reiterated a "buy" rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $275.71.
Check Out Our Latest 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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