Sherbrooke Park Advisers LLC acquired a new position in shares of Ralph Lauren Co. (NYSE:RL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,130 shares of the textile maker's stock, valued at approximately $723,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. increased its stake in shares of Ralph Lauren by 30.6% in the 4th quarter. Invesco Ltd. now owns 1,237,512 shares of the textile maker's stock valued at $285,841,000 after acquiring an additional 289,924 shares during the last quarter. FMR LLC increased its stake in shares of Ralph Lauren by 16.9% in the 4th quarter. FMR LLC now owns 1,415,473 shares of the textile maker's stock valued at $326,946,000 after acquiring an additional 205,121 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of Ralph Lauren by 671.0% in the 4th quarter. Schroder Investment Management Group now owns 136,239 shares of the textile maker's stock valued at $31,637,000 after acquiring an additional 118,569 shares during the last quarter. Capitolis Liquid Global Markets LLC bought a new stake in shares of Ralph Lauren in the 4th quarter valued at about $20,788,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Ralph Lauren by 8.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,079,578 shares of the textile maker's stock valued at $249,361,000 after acquiring an additional 82,819 shares during the last quarter. 67.91% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on RL shares. Jefferies Financial Group upped their price target on Ralph Lauren from $285.00 to $330.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Cowen reiterated a "buy" rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. Needham & Company LLC reiterated a "buy" rating and issued a $310.00 price objective on shares of Ralph Lauren in a research report on Friday. BNP Paribas upgraded Ralph Lauren to a "strong-buy" rating in a research report on Thursday, January 23rd. Finally, TD Cowen boosted their price objective on Ralph Lauren from $258.00 to $268.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Ralph Lauren has a consensus rating of "Moderate Buy" and an average price target of $277.29.
View Our Latest Analysis on RL
Ralph Lauren Stock Up 1.0%
Shares of NYSE RL traded up $2.67 during trading hours on Tuesday, hitting $280.34. The company had a trading volume of 760,573 shares, compared to its average volume of 839,569. The stock has a market capitalization of $17.31 billion, a P/E ratio of 25.58, a price-to-earnings-growth ratio of 1.73 and a beta of 1.44. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. Ralph Lauren Co. has a 1-year low of $155.96 and a 1-year high of $289.33. The firm's 50 day moving average is $223.72 and its 200-day moving average is $233.97.
Ralph Lauren Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Friday, March 28th. Ralph Lauren's payout ratio is presently 30.11%.
Ralph Lauren Company Profile
(
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.
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