BNP Paribas Financial Markets lifted its stake in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 7.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 130,164 shares of the textile maker's stock after acquiring an additional 9,025 shares during the period. BNP Paribas Financial Markets owned 0.21% of Ralph Lauren worth $30,065,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. FMR LLC boosted its holdings in Ralph Lauren by 16.9% during 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 during the last quarter. Invesco Ltd. increased its stake in Ralph Lauren by 30.6% in the 4th quarter. Invesco Ltd. now owns 1,237,512 shares of the textile maker's stock valued at $285,841,000 after buying an additional 289,924 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Ralph Lauren by 8.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,079,578 shares of the textile maker's stock valued at $249,361,000 after buying an additional 82,819 shares during the last quarter. Boston Partners increased its stake in Ralph Lauren by 7.1% in the 4th quarter. Boston Partners now owns 982,927 shares of the textile maker's stock valued at $227,085,000 after buying an additional 65,303 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Ralph Lauren by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 968,776 shares of the textile maker's stock valued at $223,513,000 after buying an additional 19,264 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company's stock.
Analyst Upgrades and Downgrades
RL has been the subject of several analyst reports. TD Cowen increased their price objective on shares of Ralph Lauren from $258.00 to $268.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Telsey Advisory Group reissued an "outperform" rating and issued a $265.00 price objective on shares of Ralph Lauren in a research report on Tuesday, February 4th. StockNews.com cut Ralph Lauren from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. raised their price objective on shares of Ralph Lauren from $285.00 to $342.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Finally, Wells Fargo & Company upgraded shares of Ralph Lauren from an "equal weight" rating to an "overweight" rating and decreased their price objective for the stock from $275.00 to $240.00 in a report on Tuesday, April 8th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $271.21.
View Our Latest Report on RL
Ralph Lauren Price Performance
Shares of Ralph Lauren stock traded up $5.23 on Tuesday, reaching $269.74. The stock had a trading volume of 711,044 shares, compared to its average volume of 840,666. The business's 50 day moving average is $219.25 and its two-hundred day moving average is $231.48. The company has a market cap of $16.66 billion, a P/E ratio of 24.61, a price-to-earnings-growth ratio of 1.73 and a beta of 1.44. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. Ralph Lauren Co. has a 1 year low of $155.96 and a 1 year high of $289.33.
Ralph Lauren Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.22%. The ex-dividend date was 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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