Unique Wealth Strategies LLC Invests $723,000 in Ralph Lauren Co. (NYSE:RL)

Unique Wealth Strategies LLC purchased a new stake in shares of Ralph Lauren Co. (NYSE:RL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 5,013 shares of the textile maker's stock, valued at approximately $723,000.

Several other institutional investors have also added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. lifted its position in shares of Ralph Lauren by 99.2% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 245 shares of the textile maker's stock worth $28,000 after purchasing an additional 122 shares during the period. GAMMA Investing LLC purchased a new stake in shares of Ralph Lauren in the 4th quarter worth about $45,000. Spire Wealth Management lifted its position in shares of Ralph Lauren by 47.9% in the 3rd quarter. Spire Wealth Management now owns 315 shares of the textile maker's stock worth $37,000 after purchasing an additional 102 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Ralph Lauren in the 3rd quarter worth about $46,000. Finally, CWM LLC lifted its position in shares of Ralph Lauren by 25.2% in the 3rd quarter. CWM LLC now owns 576 shares of the textile maker's stock worth $67,000 after purchasing an additional 116 shares during the period. Hedge funds and other institutional investors own 67.91% of the company's stock.

Analyst Upgrades and Downgrades

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

Ralph Lauren Stock Down 0.3 %

NYSE:RL traded down $0.45 on Friday, reaching $166.48. 704,151 shares of the stock traded hands, compared to its average volume of 984,319. The company has a market capitalization of $10.64 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 0.98 and a beta of 1.53. The company has a current ratio of 2.17, a quick ratio of 1.54 and a debt-to-equity ratio of 0.55. Ralph Lauren Co. has a 12 month low of $103.17 and a 12 month high of $192.03. The company's fifty day simple moving average is $176.95 and its 200 day simple moving average is $149.10.

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 for the quarter, beating analysts' consensus estimates of $3.53 by $0.64. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.87 billion. Ralph Lauren had a net margin of 8.90% and a return on equity of 25.88%. Ralph Lauren's revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business earned $3.35 EPS. Equities analysts predict that Ralph Lauren Co. will post 10.23 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were paid a $0.75 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.80%. Ralph Lauren's dividend payout ratio is presently 34.01%.

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