Raymond James Financial Inc. Takes Position in Ralph Lauren Co. (NYSE:RL)

Raymond James Financial Inc. acquired a new stake in shares of Ralph Lauren Co. (NYSE:RL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 72,942 shares of the textile maker's stock, valued at approximately $16,848,000. Raymond James Financial Inc. owned about 0.12% of Ralph Lauren as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Advisory Services Network LLC purchased a new stake in shares of Ralph Lauren during the fourth quarter valued at $1,054,000. Abacus FCF Advisors LLC purchased a new stake in Ralph Lauren during the fourth quarter valued at about $933,000. Bank of Nova Scotia purchased a new stake in Ralph Lauren during the fourth quarter valued at about $10,417,000. Krane Funds Advisors LLC acquired a new position in shares of Ralph Lauren in the fourth quarter worth about $216,000. Finally, Twin Capital Management Inc. increased its position in shares of Ralph Lauren by 1.5% in the fourth quarter. Twin Capital Management Inc. now owns 5,659 shares of the textile maker's stock worth $1,307,000 after acquiring an additional 85 shares in the last quarter. 67.91% of the stock is owned by institutional investors.

Ralph Lauren Stock Down 1.0 %

NYSE:RL traded down $2.15 during mid-day trading on Friday, reaching $218.00. The stock had a trading volume of 179,871 shares, compared to its average volume of 839,389. 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 cap of $13.46 billion, a P/E ratio of 19.90, a PEG ratio of 1.73 and a beta of 1.38. The business's 50 day moving average is $227.94 and its 200 day moving average is $228.13. Ralph Lauren Co. has a fifty-two week low of $155.96 and a fifty-two week high of $289.33.

Ralph Lauren (NYSE:RL - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, beating analysts' consensus estimates of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. As a group, sell-side analysts predict that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a $0.825 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.51%. Ralph Lauren's dividend payout ratio is currently 30.11%.

Analyst Upgrades and Downgrades

RL has been the subject of a number of recent analyst reports. TD Cowen raised their price objective on shares of Ralph Lauren from $258.00 to $268.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Citigroup decreased their target price on Ralph Lauren from $282.00 to $219.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Cfra Research upgraded Ralph Lauren from a "moderate sell" rating to a "hold" rating in a report on Monday, April 14th. Wells Fargo & Company raised Ralph Lauren from an "equal weight" rating to an "overweight" rating and reduced their price objective for the stock from $275.00 to $240.00 in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. lifted their target price on Ralph Lauren from $285.00 to $342.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Ralph Lauren currently has a consensus rating of "Moderate Buy" and an average target price of $275.71.

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.