Fmr LLC Buys 205,121 Shares of Ralph Lauren Co. (NYSE:RL)

Fmr LLC lifted its stake in shares of Ralph Lauren Co. (NYSE:RL) by 16.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,415,473 shares of the textile maker’s stock after acquiring an additional 205,121 shares during the quarter. Fmr LLC owned approximately 2.28% of Ralph Lauren worth $326,946,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RL. JPMorgan Chase & Co. raised its holdings in Ralph Lauren by 8.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,079,578 shares of the textile maker’s stock valued at $249,361,000 after acquiring an additional 82,819 shares during the period. Boston Partners raised its stake in Ralph Lauren by 7.1% during the 4th quarter. Boston Partners now owns 982,927 shares of the textile maker’s stock valued at $227,085,000 after purchasing an additional 65,303 shares during the period. Geode Capital Management LLC raised its stake in Ralph Lauren by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 968,776 shares of the textile maker’s stock valued at $223,513,000 after purchasing an additional 19,264 shares during the period. Lord Abbett & CO. LLC purchased a new position in Ralph Lauren in the 3rd quarter worth approximately $94,831,000. Finally, Truist Financial Corp boosted its stake in Ralph Lauren by 5.6% in the 4th quarter. Truist Financial Corp now owns 279,156 shares of the textile maker’s stock worth $64,480,000 after purchasing an additional 14,693 shares during the period. 67.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RL has been the topic of several research analyst reports. TD Cowen boosted their target price on shares of Ralph Lauren from $258.00 to $268.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Wells Fargo & Company upgraded shares of Ralph Lauren from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $275.00 to $240.00 in a research note on Tuesday. Raymond James lowered Ralph Lauren from an “outperform” rating to a “market perform” rating in a research report on Monday, January 27th. Jefferies Financial Group boosted their target price on Ralph Lauren from $285.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, Cowen restated a “buy” rating on shares of Ralph Lauren in a report on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $277.43.

Ralph Lauren Stock Down 6.9 %

Shares of RL opened at $193.91 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. Ralph Lauren Co. has a 52-week low of $155.96 and a 52-week high of $289.33. The company has a market cap of $11.98 billion, a PE ratio of 17.69, a P/E/G ratio of 1.73 and a beta of 1.38. The business has a fifty day moving average of $240.58 and a 200 day moving average of $227.50.

Ralph Lauren (NYSE:RL) last released its 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 net margin of 10.14% and a return on equity of 30.88%. On average, sell-side analysts expect that Ralph Lauren Co. will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.825 per share. The ex-dividend date is Friday, March 28th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.70%. Ralph Lauren’s dividend payout ratio is 30.11%.

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.