Ralph Lauren Co. (NYSE:RL) Shares Bought by Amundi

Amundi boosted its position in shares of Ralph Lauren Co. (NYSE:RL) by 8.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 195,208 shares of the textile maker’s stock after buying an additional 14,889 shares during the period. Amundi’s holdings in Ralph Lauren were worth $47,444,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its position in Ralph Lauren by 11.2% during the fourth quarter. Larson Financial Group LLC now owns 2,577 shares of the textile maker’s stock worth $595,000 after buying an additional 260 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Ralph Lauren by 4.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,999 shares of the textile maker’s stock valued at $924,000 after purchasing an additional 159 shares during the last quarter. Machina Capital S.A.S. grew its stake in shares of Ralph Lauren by 8.1% in the 4th quarter. Machina Capital S.A.S. now owns 2,848 shares of the textile maker’s stock valued at $658,000 after purchasing an additional 213 shares during the last quarter. Edgestream Partners L.P. purchased a new position in shares of Ralph Lauren in the 4th quarter valued at approximately $1,342,000. Finally, E Fund Management Co. Ltd. purchased a new position in shares of Ralph Lauren in the 4th quarter valued at approximately $495,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

Wall Street Analysts Forecast Growth

RL has been the topic of several analyst reports. Needham & Company LLC assumed coverage on Ralph Lauren in a research note on Wednesday, February 12th. They issued a “buy” rating and a $310.00 target price on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $265.00 target price on shares of Ralph Lauren in a research report on Tuesday, February 4th. Raymond James downgraded Ralph Lauren from an “outperform” rating to a “market perform” rating in a research report on Monday, January 27th. Cowen reiterated a “buy” rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. Finally, Guggenheim boosted their target price on Ralph Lauren from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Ralph Lauren currently has an average rating of “Moderate Buy” and an average price target of $284.15.

Ralph Lauren Stock Performance

Ralph Lauren stock opened at $225.19 on Thursday. The firm has a market capitalization of $13.91 billion, a P/E ratio of 20.55, a PEG ratio of 1.73 and a beta of 1.50. The stock has a fifty day moving average price of $254.62 and a 200 day moving average price of $221.77. Ralph Lauren Co. has a 52 week low of $155.96 and a 52 week high of $289.33. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, beating 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%. Equities research analysts anticipate that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were paid a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $3.30 annualized dividend and a yield of 1.47%. Ralph Lauren’s dividend payout ratio is presently 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.