SIH Partners LLLP purchased a new stake in Ralph Lauren Co. (NYSE:RL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,806 shares of the textile maker's stock, valued at approximately $648,000.
Other institutional investors have also recently made changes to their positions in the company. FMR LLC raised its position in Ralph Lauren by 16.9% during the fourth quarter. FMR LLC now owns 1,415,473 shares of the textile maker's stock worth $326,946,000 after acquiring an additional 205,121 shares in the last quarter. Invesco Ltd. raised its position in Ralph Lauren by 30.6% during the fourth quarter. Invesco Ltd. now owns 1,237,512 shares of the textile maker's stock worth $285,841,000 after acquiring an additional 289,924 shares in the last quarter. JPMorgan Chase & Co. raised its position in Ralph Lauren by 8.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,079,578 shares of the textile maker's stock worth $249,361,000 after acquiring an additional 82,819 shares in the last quarter. Boston Partners raised its position in Ralph Lauren by 7.1% during the fourth quarter. Boston Partners now owns 982,927 shares of the textile maker's stock worth $227,085,000 after acquiring an additional 65,303 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Ralph Lauren by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 968,776 shares of the textile maker's stock worth $223,513,000 after acquiring an additional 19,264 shares in the last quarter. Institutional investors and hedge funds own 67.91% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on RL. Needham & Company LLC began coverage on shares of Ralph Lauren in a research report on Wednesday, February 12th. They set a "buy" rating and a $310.00 price target on the stock. The Goldman Sachs Group set a $262.00 price objective on shares of Ralph Lauren in a report on Tuesday, April 22nd. Guggenheim upped their price objective on shares of Ralph Lauren from $285.00 to $310.00 and gave the company a "buy" rating in a report on Friday, February 7th. Barclays upped their price objective on shares of Ralph Lauren from $257.00 to $310.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, Raymond James downgraded shares of Ralph Lauren from an "outperform" rating to a "market perform" rating in a report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $275.71.
View Our Latest Analysis on Ralph Lauren
Ralph Lauren Price Performance
Ralph Lauren stock traded down $0.14 during trading hours on Friday, reaching $220.01. 741,627 shares of the stock were exchanged, compared to its average volume of 842,193. The company has a market cap of $13.59 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 1.73 and a beta of 1.38. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. Ralph Lauren Co. has a twelve month low of $155.96 and a twelve month high of $289.33. The stock has a 50 day moving average of $226.61 and a two-hundred day moving average of $228.73.
Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, topping 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%. Equities analysts expect that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.
Ralph Lauren Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued 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 1.50%. Ralph Lauren's dividend payout ratio (DPR) is currently 30.11%.
Ralph Lauren 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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