New Age Alpha Advisors LLC Invests $1.10 Million in Ralph Lauren Co. (NYSE:RL)

New Age Alpha Advisors LLC acquired a new stake in Ralph Lauren Co. (NYSE:RL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,773 shares of the textile maker’s stock, valued at approximately $1,102,000.

Several other large investors have also bought and sold shares of RL. EverSource Wealth Advisors LLC lifted its position in shares of Ralph Lauren by 1,270.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker’s stock worth $32,000 after purchasing an additional 127 shares during the period. Jones Financial Companies Lllp lifted its holdings in Ralph Lauren by 281.1% in the fourth quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker’s stock valued at $47,000 after buying an additional 149 shares during the period. Versant Capital Management Inc lifted its holdings in Ralph Lauren by 333.3% in the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock valued at $81,000 after buying an additional 270 shares during the period. Erste Asset Management GmbH bought a new stake in Ralph Lauren during the third quarter valued at $97,000. Finally, TD Private Client Wealth LLC raised its position in shares of 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 in the last quarter. 67.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on RL shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $265.00 target price on shares of Ralph Lauren in a research note on Tuesday, February 4th. Jefferies Financial Group lifted their price objective on shares of Ralph Lauren from $285.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. The Goldman Sachs Group raised shares of Ralph Lauren from a “neutral” rating to a “buy” rating and increased their target price for the stock from $280.00 to $286.00 in a research note on Tuesday, March 18th. BNP Paribas raised shares of Ralph Lauren to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Barclays increased their price objective on shares of Ralph Lauren from $257.00 to $310.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $284.62.

Ralph Lauren Stock Performance

Shares of Ralph Lauren stock opened at $220.84 on Tuesday. The company has a market cap of $13.64 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50. 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 business has a 50 day moving average price of $250.62 and a 200-day moving average price of $226.83.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share 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 analysts anticipate that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

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

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.