Dynamic Technology Lab Private Ltd Purchases Shares of 9,764 Ralph Lauren Co. (NYSE:RL)

Dynamic Technology Lab Private Ltd bought a new position in shares of Ralph Lauren Co. (NYSE:RL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 9,764 shares of the textile maker's stock, valued at approximately $1,408,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Boston Partners bought a new stake in Ralph Lauren in the 3rd quarter valued at $84,288,000. Jennison Associates LLC increased its holdings in Ralph Lauren by 71.6% in the 4th quarter. Jennison Associates LLC now owns 794,127 shares of the textile maker's stock valued at $114,513,000 after buying an additional 331,413 shares during the period. Handelsbanken Fonder AB increased its holdings in Ralph Lauren by 1,222.2% in the 4th quarter. Handelsbanken Fonder AB now owns 119,000 shares of the textile maker's stock valued at $17,160,000 after buying an additional 110,000 shares during the period. Landscape Capital Management L.L.C. bought a new stake in Ralph Lauren in the 3rd quarter valued at $10,602,000. Finally, Citigroup Inc. increased its holdings in Ralph Lauren by 125.8% in the 3rd quarter. Citigroup Inc. now owns 13,473 shares of the textile maker's stock valued at $1,564,000 after buying an additional 65,657 shares during the period. Institutional investors own 67.91% of the company's stock.

Ralph Lauren Trading Down 0.5 %

Ralph Lauren stock traded down $0.78 during trading hours on Monday, reaching $167.10. 1,059,540 shares of the company's stock traded hands, compared to its average volume of 960,714. 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 fifty-two week low of $103.17 and a fifty-two week high of $192.03. The firm has a market capitalization of $10.68 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 0.97 and a beta of 1.55. The firm's 50 day moving average is $171.96 and its 200-day moving average is $155.19.

Ralph Lauren Dividend Announcement

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

Wall Street Analyst Weigh In

RL has been the topic of several recent analyst reports. Jefferies Financial Group initiated coverage on shares of Ralph Lauren in a research note on Tuesday, April 30th. They issued a "buy" rating and a $195.00 target price on the stock. Raymond James boosted their target price on shares of Ralph Lauren from $135.00 to $154.00 and gave the company an "outperform" rating in a research note on Tuesday, January 30th. Telsey Advisory Group restated an "outperform" rating and issued a $195.00 target price on shares of Ralph Lauren in a research note on Friday. The Goldman Sachs Group boosted their target price on shares of Ralph Lauren from $132.00 to $151.00 and gave the company a "neutral" rating in a research note on Friday, February 9th. Finally, UBS Group upped their price target on shares of Ralph Lauren from $244.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $168.08.

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.