Caption Management LLC Invests $2.31 Million in Ralph Lauren Co. (NYSE:RL)

Caption Management LLC acquired a new position in shares of Ralph Lauren Co. (NYSE:RL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,000 shares of the textile maker's stock, valued at approximately $2,310,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Franklin Resources Inc. boosted its stake in Ralph Lauren by 24.4% in the third quarter. Franklin Resources Inc. now owns 84,545 shares of the textile maker's stock worth $17,425,000 after buying an additional 16,575 shares in the last quarter. Retirement Systems of Alabama lifted its holdings in shares of Ralph Lauren by 2.0% in the 3rd quarter. Retirement Systems of Alabama now owns 8,781 shares of the textile maker's stock worth $1,702,000 after acquiring an additional 169 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Ralph Lauren by 1.1% in the 3rd quarter. Principal Financial Group Inc. now owns 64,999 shares of the textile maker's stock valued at $12,601,000 after purchasing an additional 694 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Ralph Lauren by 56.0% during the 4th quarter. GAMMA Investing LLC now owns 1,048 shares of the textile maker's stock valued at $242,000 after purchasing an additional 376 shares during the last quarter. Finally, CWA Asset Management Group LLC raised its position in Ralph Lauren by 31.9% in the 4th quarter. CWA Asset Management Group LLC now owns 11,913 shares of the textile maker's stock worth $2,752,000 after purchasing an additional 2,880 shares during the period. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on RL shares. Cfra Research upgraded shares of Ralph Lauren from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 14th. Needham & Company LLC assumed coverage on Ralph Lauren in a report on Wednesday, February 12th. They set a "buy" rating and a $310.00 target price for the company. JPMorgan Chase & Co. lifted their price target on Ralph Lauren from $285.00 to $342.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. UBS Group boosted their price objective on Ralph Lauren from $332.00 to $348.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Finally, Citigroup cut their target price on shares of Ralph Lauren from $282.00 to $219.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $272.14.

Ralph Lauren Trading Down 0.2 %

NYSE:RL opened at $237.39 on Wednesday. Ralph Lauren Co. has a 12 month low of $155.96 and a 12 month high of $289.33. 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 50-day moving average price of $219.85 and a 200-day moving average price of $229.80. The stock has a market cap of $14.66 billion, a price-to-earnings ratio of 21.66, a P/E/G ratio of 1.73 and a beta of 1.44.

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

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, March 28th. Ralph Lauren's dividend payout ratio is presently 30.11%.

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.

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