Caisse DE Depot ET Placement DU Quebec Invests $1.80 Million in Ralph Lauren Co. (NYSE:RL)

Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Ralph Lauren Co. (NYSE:RL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,776 shares of the textile maker's stock, valued at approximately $1,796,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Invesco Ltd. grew its holdings 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 purchasing an additional 289,924 shares in the last quarter. FMR LLC grew its stake 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 buying an additional 205,121 shares in the last quarter. Schroder Investment Management Group raised its position in shares of Ralph Lauren by 671.0% during the 4th quarter. Schroder Investment Management Group now owns 136,239 shares of the textile maker's stock valued at $31,637,000 after buying an additional 118,569 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of 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 acquiring an additional 82,819 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Ralph Lauren during the fourth quarter worth approximately $16,848,000. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Trading Up 3.6 %

Shares of NYSE:RL opened at $232.56 on Monday. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $14.36 billion, a PE ratio of 21.22, a P/E/G ratio of 1.73 and a beta of 1.38. Ralph Lauren Co. has a 12-month low of $155.96 and a 12-month high of $289.33. The business's fifty day simple moving average is $221.28 and its 200-day simple moving average is $229.52.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, topping analysts' consensus estimates of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. As a group, equities research analysts predict that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Friday, March 28th. Ralph Lauren's dividend payout ratio is currently 30.11%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on RL shares. Barclays set a $260.00 target price on Ralph Lauren and gave the company an "overweight" rating in a research report on Monday, April 28th. UBS Group increased their price objective on shares of Ralph Lauren from $332.00 to $348.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. increased their price target on Ralph Lauren from $285.00 to $342.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Needham & Company LLC started coverage on Ralph Lauren in a research note on Wednesday, February 12th. They issued a "buy" rating and a $310.00 target price on the stock. Finally, The Goldman Sachs Group set a $262.00 target price on shares of Ralph Lauren in a research note on Tuesday, April 22nd. Three 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 company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $272.14.

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.

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