1,539 Shares in Ralph Lauren Co. (NYSE:RL) Purchased by Poinciana Advisors Group LLC

Poinciana Advisors Group LLC purchased a new position in Ralph Lauren Co. (NYSE:RL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,539 shares of the textile maker’s stock, valued at approximately $355,000.

Several other institutional investors also recently added to or reduced their stakes in RL. Lord Abbett & CO. LLC purchased a new position in Ralph Lauren in the 3rd quarter worth about $94,831,000. Pacer Advisors Inc. increased its position in Ralph Lauren by 13.7% during the 3rd quarter. Pacer Advisors Inc. now owns 1,139,975 shares of the textile maker’s stock valued at $221,007,000 after purchasing an additional 137,631 shares during the period. World Investment Advisors LLC purchased a new position in Ralph Lauren during the 3rd quarter valued at about $19,320,000. Atreides Management LP increased its position in Ralph Lauren by 28.3% during the 3rd quarter. Atreides Management LP now owns 377,481 shares of the textile maker’s stock valued at $73,182,000 after purchasing an additional 83,349 shares during the period. Finally, Holocene Advisors LP increased its position in Ralph Lauren by 10.2% during the 3rd quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker’s stock valued at $162,714,000 after purchasing an additional 78,008 shares during the period. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Up 1.7 %

RL stock opened at $220.40 on Friday. The firm has a 50 day moving average of $254.20 and a 200 day moving average of $221.76. The stock has a market capitalization of $13.61 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50. 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 52 week low of $155.96 and a 52 week high of $289.33.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, February 6th. The textile maker reported $4.82 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%. Sell-side analysts forecast that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.50%. Ralph Lauren’s dividend payout ratio (DPR) is presently 30.11%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Cowen reissued a “buy” rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. Guggenheim raised their target price on shares of Ralph Lauren from $285.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, February 7th. BNP Paribas raised shares of Ralph Lauren to a “strong-buy” rating in a research report on Thursday, January 23rd. Jefferies Financial Group raised their target price 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. Finally, TD Cowen raised their target price on shares of Ralph Lauren from $258.00 to $268.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Ralph Lauren currently has a consensus rating of “Moderate Buy” and a consensus price target of $284.15.

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.