Worldquant Millennium Advisors LLC Has $3.62 Million Stock Position in Ralph Lauren Co. (NYSE:RL)

Worldquant Millennium Advisors LLC grew its holdings in Ralph Lauren Co. (NYSE:RL - Free Report) by 9.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 15,689 shares of the textile maker's stock after purchasing an additional 1,333 shares during the period. Worldquant Millennium Advisors LLC's holdings in Ralph Lauren were worth $3,624,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of RL. EverSource Wealth Advisors LLC boosted its stake in Ralph Lauren by 1,270.0% in 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 in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Ralph Lauren by 281.1% in the 4th quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker's stock valued at $47,000 after purchasing an additional 149 shares in the last quarter. Pinpoint Asset Management Ltd boosted its stake 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 valued at $52,000 after purchasing an additional 225 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new position in Ralph Lauren in the 4th quarter valued at approximately $63,000. Finally, True Wealth Design LLC lifted its stake in Ralph Lauren by 28.0% in the 4th quarter. True Wealth Design LLC now owns 347 shares of the textile maker's stock valued at $80,000 after purchasing an additional 76 shares during the last quarter. Institutional investors own 67.91% of the company's stock.

Ralph Lauren Trading Down 2.0%

Shares of Ralph Lauren stock opened at $274.53 on Thursday. The stock has a fifty day simple moving average of $226.09 and a 200 day simple moving average of $234.57. Ralph Lauren Co. has a 12-month low of $155.96 and a 12-month high of $289.33. The company has a market capitalization of $16.96 billion, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 1.73 and a beta of 1.44. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39.

Ralph Lauren Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Friday, March 28th. Ralph Lauren's payout ratio is currently 30.11%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. BNP Paribas upgraded shares of Ralph Lauren to a "strong-buy" rating in a report on Thursday, January 23rd. Needham & Company LLC restated a "buy" rating and set a $310.00 price objective on shares of Ralph Lauren in a research report on Friday, May 16th. TD Cowen boosted their price objective on Ralph Lauren from $258.00 to $268.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Jefferies Financial Group lifted their price target on Ralph Lauren from $285.00 to $330.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group set a $262.00 price objective on shares of Ralph Lauren in a report on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to 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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