Livforsakringsbolaget Skandia Omsesidigt boosted its position in Ralph Lauren Co. (NYSE:RL - Free Report) by 103.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,600 shares of the textile maker's stock after purchasing an additional 5,900 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Ralph Lauren were worth $2,688,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Lord Abbett & CO. LLC bought a new stake in shares of Ralph Lauren during the 3rd quarter valued at about $94,831,000. Pacer Advisors Inc. boosted its holdings in Ralph Lauren by 13.7% in the third quarter. Pacer Advisors Inc. now owns 1,139,975 shares of the textile maker's stock worth $221,007,000 after acquiring an additional 137,631 shares in the last quarter. World Investment Advisors LLC bought a new position in Ralph Lauren in the third quarter worth approximately $19,320,000. Atreides Management LP boosted its holdings in Ralph Lauren by 28.3% in the third quarter. Atreides Management LP now owns 377,481 shares of the textile maker's stock worth $73,182,000 after acquiring an additional 83,349 shares in the last quarter. Finally, Holocene Advisors LP boosted its holdings in Ralph Lauren by 10.2% in the third quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker's stock worth $162,714,000 after acquiring an additional 78,008 shares in the last quarter. Institutional investors and hedge funds own 67.91% of the company's stock.
A number of research analysts have recently weighed in on RL shares. Argus upgraded Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 target price on the stock in a report on Tuesday, December 31st. BNP Paribas upgraded Ralph Lauren to a "strong-buy" rating in a report on Thursday, January 23rd. Cfra set a $171.00 target price on Ralph Lauren in a report on Thursday, October 17th. Raymond James lowered Ralph Lauren from an "outperform" rating to a "market perform" rating in a report on Monday, January 27th. Finally, Jefferies Financial Group raised their target price on Ralph Lauren from $285.00 to $330.00 and gave the company a "buy" rating in a report on Thursday. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $260.64.
Read Our Latest Analysis on Ralph Lauren
NYSE:RL opened at $272.52 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18. The business has a fifty day simple moving average of $238.24 and a two-hundred day simple moving average of $205.15. Ralph Lauren Co. has a 1 year low of $146.00 and a 1 year high of $289.33. The company has a market capitalization of $16.92 billion, a P/E ratio of 25.98, a P/E/G ratio of 1.86 and a beta of 1.49.
Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, beating the consensus estimate of $4.46 by $0.36. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. On average, analysts expect that Ralph Lauren Co. will post 11.71 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Friday, December 27th. Ralph Lauren's dividend payout ratio is 31.46%.
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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