Hilton Capital Management LLC Acquires 595 Shares of Ralph Lauren Co. (NYSE:RL)

Hilton Capital Management LLC boosted its holdings in Ralph Lauren Co. (NYSE:RL) by 4.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,810 shares of the textile maker’s stock after acquiring an additional 595 shares during the quarter. Hilton Capital Management LLC’s holdings in Ralph Lauren were worth $2,959,000 at the end of the most recent quarter.

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

Ralph Lauren Price Performance

Ralph Lauren stock opened at $216.20 on Friday. Ralph Lauren Co. has a 52 week low of $155.96 and a 52 week high of $289.33. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. The stock has a market cap of $13.35 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 1.73 and a beta of 1.50. The business has a 50-day simple moving average of $254.51 and a 200 day simple moving average of $221.80.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (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 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on RL shares. Argus upgraded Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price objective for the company in a research note on Tuesday, December 31st. Cowen reaffirmed a “buy” rating on shares of Ralph Lauren in a report on Tuesday, February 4th. JPMorgan Chase & Co. raised their target price on Ralph Lauren from $285.00 to $342.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. BNP Paribas upgraded Ralph Lauren to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Barclays boosted their price objective on Ralph Lauren from $257.00 to $310.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Three research 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $284.15.

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.