7,275 Shares in Ralph Lauren Co. (NYSE:RL) Acquired by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. acquired a new stake in Ralph Lauren Co. (NYSE:RL - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,275 shares of the textile maker's stock, valued at approximately $1,049,000.

A number of other large investors also recently added to or reduced their stakes in RL. Boston Partners acquired a new position in Ralph Lauren during the third quarter worth $84,288,000. Victory Capital Management Inc. lifted its stake in Ralph Lauren by 224.0% during the fourth quarter. Victory Capital Management Inc. now owns 549,031 shares of the textile maker's stock worth $58,016,000 after purchasing an additional 379,563 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in Ralph Lauren during the first quarter worth $40,466,000. Alyeska Investment Group L.P. increased its position in shares of Ralph Lauren by 440.8% during the first quarter. Alyeska Investment Group L.P. now owns 393,259 shares of the textile maker's stock worth $45,882,000 after acquiring an additional 320,547 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of Ralph Lauren by 1,687.4% during the first quarter. Envestnet Asset Management Inc. now owns 269,999 shares of the textile maker's stock worth $1,829,000 after acquiring an additional 254,893 shares during the period. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on RL. Telsey Advisory Group reaffirmed an "outperform" rating and set a $195.00 price objective (up previously from $165.00) on shares of Ralph Lauren in a research report on Thursday, February 8th. StockNews.com raised Ralph Lauren from a "hold" rating to a "buy" rating in a research report on Monday, January 22nd. UBS Group upped their price objective on Ralph Lauren from $188.00 to $190.00 and gave the stock a "buy" rating in a research report on Monday, February 5th. The Goldman Sachs Group upped their price objective on Ralph Lauren from $132.00 to $151.00 and gave the stock a "neutral" rating in a research report on Friday, February 9th. Finally, Wells Fargo & Company upped their price objective on Ralph Lauren from $160.00 to $185.00 and gave the stock an "equal weight" rating in a research report on Monday, March 4th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Ralph Lauren presently has an average rating of "Moderate Buy" and a consensus price target of $155.64.

Ralph Lauren Stock Performance

NYSE RL traded down $4.73 during trading hours on Friday, hitting $160.29. The company had a trading volume of 1,319,966 shares, compared to its average volume of 910,121. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.54 and a current ratio of 2.17. Ralph Lauren Co. has a 1-year low of $103.17 and a 1-year high of $192.03. The company has a market cap of $10.25 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 0.93 and a beta of 1.53. The business has a 50 day moving average of $178.02 and a 200-day moving average of $146.17.

Ralph Lauren (NYSE:RL - Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The textile maker reported $4.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.53 by $0.64. Ralph Lauren had a net margin of 8.90% and a return on equity of 25.88%. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the firm posted $3.35 earnings per share. Ralph Lauren's revenue for the quarter was up 5.6% on a year-over-year basis. As a group, equities research analysts expect that Ralph Lauren Co. will post 10.23 EPS for the current year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.75 per share. The ex-dividend date was Wednesday, March 27th. This represents a $3.00 annualized dividend and a dividend yield of 1.87%. Ralph Lauren's dividend payout ratio (DPR) is 34.01%.

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.