L & S Advisors Inc Invests $3.20 Million in Ralph Lauren Corporation $RL

L & S Advisors Inc purchased a new position in shares of Ralph Lauren Corporation (NYSE:RL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 9,048 shares of the textile maker’s stock, valued at approximately $3,199,000.

A number of other institutional investors also recently modified their holdings of the business. Canada Post Corp Registered Pension Plan raised its holdings in shares of Ralph Lauren by 25.5% during the 4th quarter. Canada Post Corp Registered Pension Plan now owns 1,033 shares of the textile maker’s stock worth $365,000 after buying an additional 210 shares in the last quarter. AlphaCore Capital LLC acquired a new position in shares of Ralph Lauren during the 4th quarter worth $211,000. DNB Asset Management AS acquired a new position in shares of Ralph Lauren during the 4th quarter worth $861,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Ralph Lauren by 2,038.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,612 shares of the textile maker’s stock worth $2,692,000 after buying an additional 7,256 shares in the last quarter. Finally, Arbejdsmarkedets Tillaegspension acquired a new position in shares of Ralph Lauren during the 4th quarter worth $23,134,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Jefferies Financial Group lowered their price target on Ralph Lauren from $425.00 to $410.00 and set a “buy” rating for the company in a report on Friday, February 6th. Barclays boosted their price target on Ralph Lauren from $416.00 to $430.00 and gave the stock an “overweight” rating in a report on Friday, March 6th. UBS Group boosted their price target on Ralph Lauren from $477.00 to $480.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Weiss Ratings lowered Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday. Finally, Citigroup upgraded Ralph Lauren from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $360.00 to $400.00 in a research report on Tuesday, March 24th. Sixteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Ralph Lauren presently has an average rating of “Moderate Buy” and an average price target of $400.31.

Ralph Lauren Trading Down 2.3%

Shares of RL stock opened at $326.44 on Friday. The firm has a market capitalization of $19.76 billion, a P/E ratio of 22.22, a P/E/G ratio of 1.15 and a beta of 1.37. Ralph Lauren Corporation has a twelve month low of $258.13 and a twelve month high of $393.41. The company has a quick ratio of 1.52, a current ratio of 2.10 and a debt-to-equity ratio of 0.50. The stock’s fifty day simple moving average is $353.82 and its 200 day simple moving average is $354.62.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were given a $0.9125 dividend. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, March 27th. Ralph Lauren’s payout ratio is 24.85%.

Ralph Lauren Company Profile

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.