Cresset Asset Management LLC lessened its stake in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 69.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,420 shares of the textile maker's stock after selling 5,552 shares during the quarter. Cresset Asset Management LLC's holdings in Ralph Lauren were worth $561,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Mather Group LLC. lifted its stake in shares of Ralph Lauren by 4.1% in the fourth quarter. Mather Group LLC. now owns 1,182 shares of the textile maker's stock worth $273,000 after acquiring an additional 47 shares in the last quarter. Asset Management One Co. Ltd. grew its position in shares of Ralph Lauren by 6.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,005 shares of the textile maker's stock worth $231,000 after buying an additional 62 shares in the last quarter. TD Private Client Wealth LLC increased its stake in shares of Ralph Lauren by 19.6% in the fourth quarter. TD Private Client Wealth LLC now owns 446 shares of the textile maker's stock worth $103,000 after buying an additional 73 shares during the last quarter. Twin Capital Management Inc. raised its holdings in Ralph Lauren by 1.5% in the fourth quarter. Twin Capital Management Inc. now owns 5,659 shares of the textile maker's stock valued at $1,307,000 after acquiring an additional 85 shares in the last quarter. Finally, Atomi Financial Group Inc. raised its stake in shares of Ralph Lauren by 7.4% in the 4th quarter. Atomi Financial Group Inc. now owns 1,274 shares of the textile maker's stock valued at $294,000 after purchasing an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 67.91% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have commented on RL. Wells Fargo & Company increased their target price on Ralph Lauren from $240.00 to $275.00 and gave the stock an "overweight" rating in a report on Wednesday. Barclays set a $260.00 price objective on Ralph Lauren and gave the stock an "overweight" rating in a research note on Monday, April 28th. UBS Group boosted their target price on shares of Ralph Lauren from $300.00 to $335.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Jefferies Financial Group raised their price target on shares of Ralph Lauren from $285.00 to $330.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Finally, TD Cowen boosted their price objective on shares of Ralph Lauren from $258.00 to $268.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $277.29.
Check Out Our Latest Report on Ralph Lauren
Ralph Lauren Stock Performance
RL stock traded up $5.55 on Friday, reaching $274.65. The company's stock had a trading volume of 695,518 shares, compared to its average volume of 840,648. The firm has a fifty day moving average of $222.67 and a two-hundred day moving average of $233.16. The company has a market capitalization of $16.96 billion, a P/E ratio of 25.06, a price-to-earnings-growth ratio of 1.73 and a beta of 1.44. 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 Co. has a 52 week low of $155.96 and a 52 week high of $289.33.
Ralph Lauren Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a dividend of $0.825 per share. The ex-dividend date was Friday, March 28th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.20%. Ralph Lauren's dividend payout ratio is presently 30.11%.
About Ralph Lauren
(
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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