Ralph Lauren Co. (NYSE:RL) Shares Acquired by Lbp Am Sa

Lbp Am Sa grew its stake in Ralph Lauren Co. (NYSE:RL) by 54.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,293 shares of the textile maker’s stock after purchasing an additional 9,284 shares during the period. Lbp Am Sa’s holdings in Ralph Lauren were worth $6,073,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Commonwealth Equity Services LLC raised its stake in shares of Ralph Lauren by 12.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 1,557 shares of the textile maker’s stock worth $360,000 after buying an additional 175 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Ralph Lauren by 5,715.0% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 1,163 shares of the textile maker’s stock worth $270,000 after buying an additional 1,143 shares in the last quarter. Erste Asset Management GmbH raised its stake in shares of Ralph Lauren by 9,000.0% during the 4th quarter. Erste Asset Management GmbH now owns 45,500 shares of the textile maker’s stock worth $10,334,000 after buying an additional 45,000 shares in the last quarter. Vestcor Inc lifted its position in shares of Ralph Lauren by 330.7% during the 4th quarter. Vestcor Inc now owns 1,305 shares of the textile maker’s stock valued at $301,000 after acquiring an additional 1,002 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Ralph Lauren by 1,270.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 127 shares during the period. Institutional investors and hedge funds own 67.91% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on RL. TD Cowen lifted their price target 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. The Goldman Sachs Group lifted their price target on shares of Ralph Lauren from $220.00 to $280.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Guggenheim lifted their price target 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 Ralph Lauren to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, UBS Group increased their price objective on Ralph Lauren from $332.00 to $348.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $284.15.

Ralph Lauren Stock Up 1.7 %

NYSE RL opened at $220.40 on Friday. The firm has a 50-day simple moving average of $254.20 and a 200 day simple moving average of $221.76. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.31 and a current ratio of 1.76. Ralph Lauren Co. has a twelve month low of $155.96 and a twelve month high of $289.33. The stock has a market cap of $13.61 billion, a PE ratio of 20.11, a PEG ratio of 1.73 and a beta of 1.50.

Ralph Lauren (NYSE:RL) last posted its 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 return on equity of 30.88% and a net margin of 10.14%. On average, research analysts forecast that Ralph Lauren Co. will post 12.01 EPS for the current year.

Ralph Lauren Announces Dividend

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

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.