Ralph Lauren Co. (NYSE:RL) Holdings Lifted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Ralph Lauren Co. (NYSE:RL - Free Report) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 311,274 shares of the textile maker's stock after buying an additional 5,742 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.50% of Ralph Lauren worth $71,898,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in RL. EverSource Wealth Advisors LLC increased its stake in shares of Ralph Lauren by 1,270.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker's stock valued at $32,000 after buying an additional 127 shares during the period. Jones Financial Companies Lllp raised its holdings in Ralph Lauren by 281.1% in the 4th quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker's stock worth $47,000 after acquiring an additional 149 shares during the last quarter. Pinpoint Asset Management Ltd increased its holdings in shares of Ralph Lauren by 22,500.0% in the 4th quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker's stock worth $52,000 after purchasing an additional 225 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new position in Ralph Lauren in the 4th quarter worth about $63,000. Finally, True Wealth Design LLC boosted its holdings in 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 purchasing an additional 76 shares during the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RL has been the subject of a number of recent research reports. Citigroup boosted their price objective on shares of Ralph Lauren from $250.00 to $295.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. The Goldman Sachs Group increased their price objective on shares of Ralph Lauren from $262.00 to $324.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Barclays lifted their price objective on shares of Ralph Lauren from $260.00 to $321.00 and gave the stock an "overweight" rating in a research note on Friday, May 23rd. Wells Fargo & Company upped their price target on shares of Ralph Lauren from $275.00 to $300.00 and gave the company an "overweight" rating in a report on Friday, May 23rd. Finally, Cfra Research lowered shares of Ralph Lauren from a "hold" rating to a "moderate sell" rating in a report on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Ralph Lauren presently has an average rating of "Moderate Buy" and a consensus price target of $292.88.

Ralph Lauren Price Performance

RL stock traded down $6.68 during mid-day trading on Thursday, reaching $277.48. The company's stock had a trading volume of 754,928 shares, compared to its average volume of 830,418. 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's 50 day moving average is $231.74 and its two-hundred day moving average is $236.91. Ralph Lauren Co. has a fifty-two week low of $155.96 and a fifty-two week high of $293.37. The stock has a market cap of $17.14 billion, a PE ratio of 25.32, a P/E/G ratio of 1.73 and a beta of 1.44.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its earnings results on Thursday, May 22nd. The textile maker reported $2.27 EPS for the quarter, topping analysts' consensus estimates of $2.00 by $0.27. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.64 billion. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. Ralph Lauren's quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.71 earnings per share. Equities research analysts expect that Ralph Lauren Co. will post 12.01 EPS for the current year.

Ralph Lauren declared that its board has initiated a stock buyback program on Thursday, May 22nd that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the textile maker to reacquire up to 8.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its shares are undervalued.

Ralph Lauren Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be given a dividend of $0.9125 per share. The ex-dividend date of this dividend is Friday, June 27th. This is a boost from Ralph Lauren's previous quarterly dividend of $0.83. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.32%. Ralph Lauren's dividend payout ratio (DPR) is currently 31.44%.

About Ralph Lauren

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.