Mitsubishi UFJ Asset Management Co. Ltd. Buys 8,488 Shares of Ralph Lauren Co. (NYSE:RL)

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Ralph Lauren Co. (NYSE:RL) by 29.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,757 shares of the textile maker’s stock after purchasing an additional 8,488 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.06% of Ralph Lauren worth $8,854,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its position in Ralph Lauren by 1,270.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker’s stock worth $32,000 after buying an additional 127 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Ralph Lauren by 281.1% during the 4th quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker’s stock worth $47,000 after acquiring an additional 149 shares during the period. Versant Capital Management Inc grew its stake in shares of Ralph Lauren by 333.3% during the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock worth $81,000 after acquiring an additional 270 shares during the period. TD Private Client Wealth LLC increased its holdings in Ralph Lauren by 19.6% in the 4th quarter. TD Private Client Wealth LLC now owns 446 shares of the textile maker’s stock worth $103,000 after acquiring an additional 73 shares during the last quarter. Finally, Erste Asset Management GmbH bought a new stake in Ralph Lauren in the 3rd quarter valued at about $97,000. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Up 2.4 %

RL stock opened at $220.84 on Tuesday. Ralph Lauren Co. has a 1-year low of $155.96 and a 1-year high of $289.33. The stock has a market cap of $13.64 billion, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50. 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’s 50 day moving average is $250.62 and its 200 day moving average is $226.83.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, topping 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%. Sell-side analysts predict that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Friday, March 28th. Ralph Lauren’s dividend payout ratio (DPR) is currently 30.11%.

Analysts Set New Price Targets

Several research firms have recently weighed in on RL. TD Cowen lifted their target price on shares of Ralph Lauren from $258.00 to $268.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. lifted their price objective on shares of Ralph Lauren from $285.00 to $342.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. BNP Paribas upgraded Ralph Lauren to a “strong-buy” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group raised Ralph Lauren from a “neutral” rating to a “buy” rating and raised their price target for the stock from $280.00 to $286.00 in a report on Tuesday, March 18th. Finally, Jefferies Financial Group boosted their price objective on Ralph Lauren from $285.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $284.62.

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