Orion Portfolio Solutions LLC Raises Holdings in Ralph Lauren Co. (NYSE:RL)

Orion Portfolio Solutions LLC increased its position in Ralph Lauren Co. (NYSE:RL) by 5.8% in the 4th quarter, Holdings Channel reports. The firm owned 11,167 shares of the textile maker’s stock after buying an additional 612 shares during the period. Orion Portfolio Solutions LLC’s holdings in Ralph Lauren were worth $2,579,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in RL. Burney Co. purchased a new position in shares of Ralph Lauren during the fourth quarter worth about $5,711,000. Citizens Financial Group Inc. RI acquired a new stake in Ralph Lauren during the 4th quarter worth approximately $3,014,000. Amundi increased its holdings in shares of Ralph Lauren by 8.3% in the fourth quarter. Amundi now owns 195,208 shares of the textile maker’s stock valued at $47,444,000 after purchasing an additional 14,889 shares during the period. Keystone Investors PTE Ltd. purchased a new stake in shares of Ralph Lauren during the fourth quarter worth approximately $2,264,000. Finally, CWA Asset Management Group LLC lifted its holdings in shares of Ralph Lauren by 31.9% during the fourth quarter. CWA Asset Management Group LLC now owns 11,913 shares of the textile maker’s stock worth $2,752,000 after purchasing an additional 2,880 shares during the period. 67.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RL has been the subject of a number of analyst reports. Guggenheim upped 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. Barclays raised their price objective on shares of Ralph Lauren from $257.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. TD Cowen boosted their target price on Ralph Lauren from $258.00 to $268.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. UBS Group lifted their price target on Ralph Lauren from $332.00 to $348.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company increased their price objective on Ralph Lauren from $225.00 to $275.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Ralph Lauren currently has an average rating of “Moderate Buy” and an average target price of $284.62.

Ralph Lauren Stock Up 3.6 %

Shares of NYSE RL opened at $228.72 on Wednesday. The firm’s 50-day moving average is $250.23 and its two-hundred day moving average is $227.18. The company has a market capitalization of $14.13 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50. Ralph Lauren Co. has a 12-month low of $155.96 and a 12-month high of $289.33. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, beating analysts’ consensus estimates 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 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a $0.825 dividend. The ex-dividend date is Friday, March 28th. This represents a $3.30 dividend on an annualized basis and a yield of 1.44%. Ralph Lauren’s dividend payout ratio (DPR) is 30.11%.

About Ralph Lauren

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.