Triglav Skladi D.O.O. Buys Shares of 47,070 Ralph Lauren Co. (NYSE:RL)

Triglav Skladi D.O.O. bought a new stake in Ralph Lauren Co. (NYSE:RL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 47,070 shares of the textile maker's stock, valued at approximately $10,872,000. Ralph Lauren makes up approximately 0.9% of Triglav Skladi D.O.O.'s investment portfolio, making the stock its 27th biggest holding. Triglav Skladi D.O.O. owned approximately 0.08% of Ralph Lauren at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RL. Tidal Investments LLC lifted its position in shares of Ralph Lauren by 293.4% in the fourth quarter. Tidal Investments LLC now owns 77,846 shares of the textile maker's stock worth $17,981,000 after buying an additional 58,057 shares during the last quarter. True Wealth Design LLC lifted its position in shares of Ralph Lauren by 28.0% in the fourth quarter. True Wealth Design LLC now owns 347 shares of the textile maker's stock worth $80,000 after buying an additional 76 shares during the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in shares of Ralph Lauren in the fourth quarter worth about $723,000. Royal Bank of Canada lifted its position in shares of Ralph Lauren by 51.1% in the fourth quarter. Royal Bank of Canada now owns 62,081 shares of the textile maker's stock worth $14,340,000 after buying an additional 21,006 shares during the last quarter. Finally, Rafferty Asset Management LLC lifted its position in shares of Ralph Lauren by 13.4% in the fourth quarter. Rafferty Asset Management LLC now owns 3,740 shares of the textile maker's stock worth $864,000 after buying an additional 443 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company's stock.

Ralph Lauren Trading Up 2.1%

Shares of RL opened at $274.65 on Monday. Ralph Lauren Co. has a 1 year low of $155.96 and a 1 year 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 stock has a 50 day simple moving average of $222.67 and a 200-day simple moving average of $233.41. The stock has a market cap of $16.96 billion, a PE ratio of 25.06, a PEG ratio of 1.73 and a beta of 1.44.

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued a $0.825 dividend. 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 payout ratio is presently 30.11%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. UBS Group boosted their price target on Ralph Lauren from $300.00 to $335.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Telsey Advisory Group reissued an "outperform" rating and set a $315.00 price objective on shares of Ralph Lauren in a research report on Friday. Barclays set a $260.00 price objective on Ralph Lauren and gave the stock an "overweight" rating in a research report on Monday, April 28th. JPMorgan Chase & Co. boosted their price objective on Ralph Lauren from $285.00 to $342.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Finally, Cowen reissued a "buy" rating on shares of Ralph Lauren 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 given a strong buy rating to the company's stock. According to data from MarketBeat.com, Ralph Lauren presently has an average rating of "Moderate Buy" and a consensus price target of $277.29.

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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