Ralph Lauren Co. (NYSE:RL) Stock Position Raised by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its position in Ralph Lauren Co. (NYSE:RL) by 32.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,367 shares of the textile maker’s stock after buying an additional 834 shares during the quarter. QRG Capital Management Inc.’s holdings in Ralph Lauren were worth $778,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Burney Co. acquired a new stake in Ralph Lauren in the fourth quarter valued at approximately $5,711,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Ralph Lauren by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker’s stock valued at $95,537,000 after purchasing an additional 13,640 shares in the last quarter. Bridgewater Associates LP lifted its stake in shares of Ralph Lauren by 145.8% in the 3rd quarter. Bridgewater Associates LP now owns 59,927 shares of the textile maker’s stock valued at $11,618,000 after purchasing an additional 35,550 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Ralph Lauren in the third quarter worth $1,819,000. Finally, CWA Asset Management Group LLC increased its position in Ralph Lauren by 31.9% during the fourth quarter. CWA Asset Management Group LLC now owns 11,913 shares of the textile maker’s stock worth $2,752,000 after buying an additional 2,880 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on RL shares. StockNews.com raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Raymond James lowered Ralph Lauren from an “outperform” rating to a “market perform” rating in a research note on Monday, January 27th. Wells Fargo & Company increased their target price on Ralph Lauren from $225.00 to $275.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Cowen restated a “buy” rating on shares of Ralph Lauren in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. upped their price target on Ralph Lauren from $285.00 to $342.00 and gave the company an “overweight” rating in a report on Friday, February 21st. 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. Based on data from MarketBeat.com, Ralph Lauren currently has a consensus rating of “Moderate Buy” and a consensus target price of $284.15.

Ralph Lauren Trading Down 3.7 %

Shares of NYSE RL opened at $252.53 on Wednesday. Ralph Lauren Co. has a 1-year low of $155.96 and a 1-year high of $289.33. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average of $254.13 and a two-hundred day moving average of $218.94. The company has a market cap of $15.60 billion, a PE ratio of 23.04, a P/E/G ratio of 1.73 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share 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%. As a group, equities analysts expect that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.31%. Ralph Lauren’s payout ratio 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.