Ralph Lauren Co. (NYSE:RL) Shares Acquired by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. increased its position in shares of Ralph Lauren Co. (NYSE:RL) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,295 shares of the textile maker’s stock after purchasing an additional 360 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Ralph Lauren were worth $1,685,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of RL. Burney Co. acquired a new position in shares of Ralph Lauren during the 4th quarter worth about $5,711,000. Charles Schwab Investment Management Inc. increased its stake in Ralph Lauren by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker’s stock valued at $95,537,000 after purchasing an additional 13,640 shares during the last quarter. Bridgewater Associates LP raised its holdings in Ralph Lauren by 145.8% during the third quarter. Bridgewater Associates LP now owns 59,927 shares of the textile maker’s stock worth $11,618,000 after purchasing an additional 35,550 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Ralph Lauren during the 3rd quarter worth approximately $1,819,000. Finally, CWA Asset Management Group LLC boosted its holdings in shares of Ralph Lauren by 31.9% in the 4th quarter. CWA Asset Management Group LLC now owns 11,913 shares of the textile maker’s stock valued at $2,752,000 after buying an additional 2,880 shares in the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

NYSE RL opened at $282.93 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.18 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average is $243.26 and its two-hundred day moving average is $209.61. The stock has a market capitalization of $17.57 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 2.03 and a beta of 1.49. Ralph Lauren Co. has a 12-month low of $155.96 and a 12-month high of $289.33.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data 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%. Research analysts expect that Ralph Lauren Co. will post 11.73 EPS for the current year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Friday, December 27th. Ralph Lauren’s dividend payout ratio is currently 30.11%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RL. Needham & Company LLC assumed coverage on shares of Ralph Lauren in a research report on Wednesday. They issued a “buy” rating and a $310.00 price target for the company. Barclays upped their target price on Ralph Lauren from $257.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. 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. Raymond James lowered shares of Ralph Lauren from an “outperform” rating to a “market perform” rating in a research report on Monday, January 27th. Finally, Wells Fargo & Company upped their price target on shares of Ralph Lauren from $225.00 to $275.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $279.33.

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.