Ralph Lauren Co. (NYSE:RL) Holdings Lifted by Larson Financial Group LLC

Larson Financial Group LLC boosted its holdings in Ralph Lauren Co. (NYSE:RL) by 11.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,577 shares of the textile maker’s stock after acquiring an additional 260 shares during the quarter. Larson Financial Group LLC’s holdings in Ralph Lauren were worth $595,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its position in shares of Ralph Lauren by 4.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,999 shares of the textile maker’s stock valued at $924,000 after acquiring an additional 159 shares during the last quarter. Machina Capital S.A.S. raised its position in shares of Ralph Lauren by 8.1% during the fourth quarter. Machina Capital S.A.S. now owns 2,848 shares of the textile maker’s stock worth $658,000 after purchasing an additional 213 shares during the period. Edgestream Partners L.P. purchased a new stake in shares of Ralph Lauren during the fourth quarter valued at $1,342,000. E Fund Management Co. Ltd. purchased a new stake in shares of Ralph Lauren during the fourth quarter valued at $495,000. Finally, Candriam S.C.A. acquired a new position in shares of Ralph Lauren in the 4th quarter valued at $6,854,000. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Stock Down 2.4 %

Shares of Ralph Lauren stock opened at $232.51 on Monday. The stock has a 50-day simple moving average of $255.08 and a 200-day simple moving average of $221.09. Ralph Lauren Co. has a 52-week low of $155.96 and a 52-week high of $289.33. The firm has a market cap of $14.36 billion, a price-to-earnings ratio of 21.21, a P/E/G ratio of 1.73 and a beta of 1.50. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, topping the consensus estimate of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. On average, equities research analysts expect that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Friday, December 27th. Ralph Lauren’s dividend payout ratio is 30.11%.

Wall Street Analyst Weigh In

Several analysts have issued reports on RL shares. Raymond James downgraded Ralph Lauren from an “outperform” rating to a “market perform” rating in a report on Monday, January 27th. Jefferies Financial Group upped their price target on shares of Ralph Lauren from $285.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $265.00 price objective on shares of Ralph Lauren in a research note on Tuesday, February 4th. Needham & Company LLC began coverage on shares of Ralph Lauren in a research note on Wednesday, February 12th. They set a “buy” rating and a $310.00 target price on the stock. Finally, Wells Fargo & Company raised their target price on Ralph Lauren from $225.00 to $275.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Ralph Lauren has an average rating of “Moderate Buy” and a consensus price target of $284.15.

Ralph Lauren Company 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.