Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,542 Shares of Ralph Lauren Co. (NYSE:RL)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Ralph Lauren Co. (NYSE:RL) by 20.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 8,961 shares of the textile maker’s stock after acquiring an additional 1,542 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Ralph Lauren were worth $1,292,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RL. Financial Gravity Asset Management Inc. increased its position in shares of Ralph Lauren by 99.2% during the third quarter. Financial Gravity Asset Management Inc. now owns 245 shares of the textile maker’s stock valued at $28,000 after buying an additional 122 shares during the period. Spire Wealth Management increased its position in shares of Ralph Lauren by 47.9% during the third quarter. Spire Wealth Management now owns 315 shares of the textile maker’s stock valued at $37,000 after buying an additional 102 shares during the period. Headlands Technologies LLC bought a new stake in shares of Ralph Lauren during the third quarter valued at about $46,000. CWM LLC increased its position in shares of Ralph Lauren by 25.2% during the third quarter. CWM LLC now owns 576 shares of the textile maker’s stock valued at $67,000 after buying an additional 116 shares during the period. Finally, Larson Financial Group LLC bought a new stake in shares of Ralph Lauren during the third quarter valued at about $87,000. 67.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of Ralph Lauren from $132.00 to $151.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. UBS Group upped their price objective on shares of Ralph Lauren from $188.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Telsey Advisory Group restated an “outperform” rating and issued a $195.00 price objective (up from $165.00) on shares of Ralph Lauren in a research report on Thursday, February 8th. StockNews.com upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, January 22nd. Finally, Raymond James upped their price objective on shares of Ralph Lauren from $135.00 to $154.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Ralph Lauren has an average rating of “Moderate Buy” and an average target price of $155.64.

Ralph Lauren Stock Down 0.3 %

Shares of RL opened at $166.48 on Friday. The firm has a market cap of $10.64 billion, a P/E ratio of 18.88, a P/E/G ratio of 0.98 and a beta of 1.53. The stock has a 50 day simple moving average of $177.23 and a two-hundred day simple moving average of $148.74. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.17 and a quick ratio of 1.54. Ralph Lauren Co. has a 1 year low of $103.17 and a 1 year high of $192.03.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, February 8th. The textile maker reported $4.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.53 by $0.64. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.87 billion. Ralph Lauren had a return on equity of 25.88% and a net margin of 8.90%. Ralph Lauren’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.35 earnings per share. On average, analysts forecast that Ralph Lauren Co. will post 10.23 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Wednesday, March 27th. Ralph Lauren’s dividend payout ratio (DPR) is presently 34.01%.

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.