FORA Capital LLC Purchases Shares of 1,820 Ralph Lauren Co. (NYSE:RL)

FORA Capital LLC acquired a new position in shares of Ralph Lauren Co. (NYSE:RL) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,820 shares of the textile maker’s stock, valued at approximately $420,000.

A number of other institutional investors also recently modified their holdings of RL. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Ralph Lauren by 3.4% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,120,508 shares of the textile maker’s stock valued at $489,795,000 after purchasing an additional 70,544 shares during the last quarter. FMR LLC increased its stake in shares of Ralph Lauren by 16.9% in the fourth quarter. FMR LLC now owns 1,415,473 shares of the textile maker’s stock valued at $326,946,000 after buying an additional 205,121 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Ralph Lauren by 30.6% in the fourth quarter. Invesco Ltd. now owns 1,237,512 shares of the textile maker’s stock valued at $285,841,000 after buying an additional 289,924 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Ralph Lauren by 8.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,079,578 shares of the textile maker’s stock worth $249,361,000 after buying an additional 82,819 shares in the last quarter. Finally, Boston Partners grew its holdings in Ralph Lauren by 7.1% during the 4th quarter. Boston Partners now owns 982,927 shares of the textile maker’s stock worth $227,085,000 after acquiring an additional 65,303 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Down 1.0 %

Shares of NYSE RL opened at $248.85 on Friday. The firm has a 50 day moving average price of $218.95 and a 200 day moving average price of $230.55. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.31 and a current ratio of 1.76. The stock has a market cap of $15.37 billion, a P/E ratio of 22.71, a P/E/G ratio of 1.73 and a beta of 1.44. 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 quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, beating 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%. Analysts expect that Ralph Lauren Co. will post 12.01 EPS for the current year.

Ralph Lauren Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, March 28th. Ralph Lauren’s dividend payout ratio is currently 30.11%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on RL shares. UBS Group upped their target price on shares of Ralph Lauren from $332.00 to $348.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $265.00 price objective on shares of Ralph Lauren in a report on Tuesday, February 4th. Citigroup lowered their target price on Ralph Lauren from $282.00 to $219.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. Wells Fargo & Company raised Ralph Lauren from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $275.00 to $240.00 in a research note on Tuesday, April 8th. Finally, Needham & Company LLC assumed coverage on Ralph Lauren in a research report on Wednesday, February 12th. They issued a “buy” rating and a $310.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $272.14.

About Ralph Lauren

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.