Wells Fargo & Company MN Has $10.02 Million Stake in Ralph Lauren Co. (NYSE:RL)

Wells Fargo & Company MN boosted its position in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,370 shares of the textile maker's stock after buying an additional 1,939 shares during the quarter. Wells Fargo & Company MN owned approximately 0.07% of Ralph Lauren worth $10,018,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake in shares of Ralph Lauren by 1,270.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker's stock valued at $32,000 after acquiring an additional 127 shares during the period. Jones Financial Companies Lllp lifted 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 valued at $47,000 after purchasing an additional 149 shares during the period. Pinpoint Asset Management Ltd boosted its stake in shares of Ralph Lauren by 22,500.0% in the 4th quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker's stock valued at $52,000 after purchasing an additional 225 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Ralph Lauren by 333.3% during the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker's stock worth $81,000 after buying an additional 270 shares during the period. Finally, Summit Securities Group LLC bought a new stake in shares of Ralph Lauren during the fourth quarter worth approximately $92,000. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Stock Up 2.7 %

RL stock traded up $5.55 during trading hours on Tuesday, reaching $209.59. 724,180 shares of the stock were exchanged, compared to its average volume of 843,397. The company has a market cap of $12.94 billion, a price-to-earnings ratio of 19.12, a PEG ratio of 1.73 and a beta of 1.38. The firm's 50-day moving average is $230.60 and its 200-day moving average is $228.06. Ralph Lauren Co. has a 12 month low of $155.96 and a 12 month high of $289.33. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31.

Ralph Lauren (NYSE:RL - Get Free Report) last released its 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, equities research 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 disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend was Friday, March 28th. Ralph Lauren's payout ratio is 30.11%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on RL. Guggenheim lifted their target price on shares of Ralph Lauren from $285.00 to $310.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Cowen reaffirmed a "buy" rating on shares of Ralph Lauren in a research note on Tuesday, February 4th. Jefferies Financial Group increased their target price on Ralph Lauren from $285.00 to $330.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Barclays raised their target price on Ralph Lauren from $257.00 to $310.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Finally, Argus raised shares of Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 price objective on the stock in a research note on Tuesday, December 31st. Three analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $277.43.

Ralph Lauren 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.