Jones Financial Companies Lllp Buys 149 Shares of Ralph Lauren Co. (NYSE:RL)

Jones Financial Companies Lllp boosted its stake in shares of Ralph Lauren Co. (NYSE:RL) by 281.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202 shares of the textile maker’s stock after buying an additional 149 shares during the quarter. Jones Financial Companies Lllp’s holdings in Ralph Lauren were worth $47,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. US Bancorp DE lifted its holdings in Ralph Lauren by 17.2% during the 4th quarter. US Bancorp DE now owns 1,338 shares of the textile maker’s stock valued at $309,000 after buying an additional 196 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of Ralph Lauren in the 4th quarter valued at about $231,000. Fielder Capital Group LLC bought a new stake in shares of Ralph Lauren in the 4th quarter valued at about $237,000. QRG Capital Management Inc. raised its holdings in shares of Ralph Lauren by 32.9% in the 4th quarter. QRG Capital Management Inc. now owns 3,367 shares of the textile maker’s stock valued at $778,000 after purchasing an additional 834 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Ralph Lauren in the 4th quarter valued at about $10,777,000. Institutional investors own 67.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. UBS Group boosted their price target on shares of Ralph Lauren from $332.00 to $348.00 and gave the company a “buy” rating in a report on Friday, February 7th. Raymond James downgraded shares of Ralph Lauren from an “outperform” rating to a “market perform” rating in a research report on Monday, January 27th. The Goldman Sachs Group raised shares of Ralph Lauren from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $280.00 to $286.00 in a research report on Tuesday. Guggenheim lifted their price objective on shares of Ralph Lauren from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Needham & Company LLC started coverage on shares of Ralph Lauren in a research report on Wednesday, February 12th. They issued a “buy” rating and a $310.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $284.62.

Ralph Lauren Stock Down 0.2 %

NYSE:RL opened at $219.52 on Wednesday. The company has a market cap of $13.56 billion, a PE ratio of 20.03, a P/E/G ratio of 1.73 and a beta of 1.50. Ralph Lauren Co. has a twelve month low of $155.96 and a twelve month 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. The company’s 50 day moving average is $253.01 and its two-hundred day moving average is $223.51.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data 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 net margin of 10.14% and a return on equity of 30.88%. Analysts anticipate that Ralph Lauren Co. will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Friday, March 28th. Ralph Lauren’s dividend payout ratio (DPR) is currently 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.