Quantinno Capital Management LP grew its stake in Ralph Lauren Co. (NYSE:RL - Free Report) by 74.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,623 shares of the textile maker's stock after buying an additional 16,455 shares during the period. Quantinno Capital Management LP owned 0.06% of Ralph Lauren worth $8,921,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its position 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 worth $32,000 after buying an additional 127 shares during the last quarter. Jones Financial Companies Lllp lifted 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 acquiring an additional 149 shares during the last quarter. Pinpoint Asset Management Ltd lifted 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 acquiring an additional 225 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new position in Ralph Lauren during the 4th quarter valued at approximately $63,000. Finally, Summit Securities Group LLC bought a new position in Ralph Lauren during the 4th quarter valued at approximately $92,000. Institutional investors and hedge funds own 67.91% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the company. Jefferies Financial Group increased their target price on Ralph Lauren from $285.00 to $330.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Telsey Advisory Group reissued an "outperform" rating and set a $315.00 price target on shares of Ralph Lauren in a report on Friday. Cfra Research raised Ralph Lauren from a "moderate sell" rating to a "hold" rating in a report on Monday, April 14th. Cowen reissued a "buy" rating on shares of Ralph Lauren in a research note on Tuesday, February 4th. Finally, Barclays set a $260.00 price target on Ralph Lauren and gave the company an "overweight" rating in a report on Monday, April 28th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $277.29.
Get Our Latest Research Report on Ralph Lauren
Ralph Lauren Stock Performance
NYSE:RL traded up $3.26 during midday trading on Monday, reaching $277.79. The stock had a trading volume of 869,693 shares, compared to its average volume of 840,765. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31. The stock has a market capitalization of $17.16 billion, a P/E ratio of 25.35, a PEG ratio of 1.73 and a beta of 1.44. The firm's fifty day simple moving average is $222.67 and its 200-day simple moving average is $233.41. Ralph Lauren Co. has a 1-year low of $155.96 and a 1-year high of $289.33.
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 issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Friday, March 28th. Ralph Lauren's dividend payout ratio is currently 30.11%.
About Ralph Lauren
(
Free Report)
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.
Further Reading
Before you consider Ralph Lauren, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ralph Lauren wasn't on the list.
While Ralph Lauren currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
