Sierra Summit Advisors LLC Takes Position in Ralph Lauren Co. (NYSE:RL)

Sierra Summit Advisors LLC acquired a new position in Ralph Lauren Co. (NYSE:RL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 40,944 shares of the textile maker's stock, valued at approximately $9,457,000. Ralph Lauren makes up about 1.9% of Sierra Summit Advisors LLC's investment portfolio, making the stock its 21st biggest position. Sierra Summit Advisors LLC owned about 0.07% of Ralph Lauren as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in RL. EverSource Wealth Advisors LLC raised its position in Ralph Lauren by 1,270.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker's stock worth $32,000 after purchasing an additional 127 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Ralph Lauren by 281.1% during the fourth 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. Pinpoint Asset Management Ltd lifted its stake in shares of Ralph Lauren by 22,500.0% during the fourth quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker's stock valued at $52,000 after acquiring an additional 225 shares during the period. Resona Asset Management Co. Ltd. bought a new position in Ralph Lauren in the fourth quarter valued at about $63,000. Finally, Versant Capital Management Inc increased its position 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 purchasing an additional 270 shares during the period. Institutional investors own 67.91% of the company's stock.

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Ralph Lauren Stock Up 1.7 %

RL traded up $3.22 during trading on Friday, hitting $197.89. The company had a trading volume of 975,330 shares, compared to its average volume of 847,618. The company has a market capitalization of $12.22 billion, a PE ratio of 18.06, a PEG ratio of 1.73 and a beta of 1.38. 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. The firm's 50-day moving average price is $239.60 and its 200 day moving average price is $227.56.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share 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%. As a group, equities analysts expect that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.67%. The ex-dividend date was Friday, March 28th. Ralph Lauren's payout ratio is 30.11%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RL. Jefferies Financial Group raised their price objective on shares of Ralph Lauren from $285.00 to $330.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. TD Cowen lifted their price objective on Ralph Lauren from $258.00 to $268.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. upped their price objective on Ralph Lauren from $285.00 to $342.00 and gave the company an "overweight" rating in a report on Friday, February 21st. The Goldman Sachs Group upgraded Ralph Lauren from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $280.00 to $286.00 in a research report on Tuesday, March 18th. Finally, Raymond James cut Ralph Lauren from an "outperform" rating to a "market perform" rating in a research note on Monday, January 27th. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $277.43.

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.