Ralph Lauren Co. (NYSE:RL) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its position in shares of Ralph Lauren Co. (NYSE:RL – Get Rating) by 9.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,106 shares of the textile maker’s stock after purchasing an additional 1,247 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Ralph Lauren were worth $1,596,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Ralph Lauren by 18.3% during the third quarter. BlackRock Inc. now owns 5,918,601 shares of the textile maker’s stock valued at $502,667,000 after acquiring an additional 916,317 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Ralph Lauren by 14.0% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 3,320,091 shares of the textile maker’s stock valued at $281,976,000 after buying an additional 406,758 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in Ralph Lauren during the 1st quarter worth $40,466,000. Alliancebernstein L.P. lifted its stake in shares of Ralph Lauren by 25.6% in the 3rd quarter. Alliancebernstein L.P. now owns 1,054,149 shares of the textile maker’s stock worth $89,529,000 after acquiring an additional 214,662 shares during the period. Finally, Artemis Investment Management LLP purchased a new position in shares of Ralph Lauren in the 4th quarter valued at about $20,469,000. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on RL. Telsey Advisory Group restated an “outperform” rating and set a $140.00 target price on shares of Ralph Lauren in a report on Thursday, February 9th. OTR Global raised shares of Ralph Lauren to a “positive” rating in a report on Friday, April 28th. Bank of America upgraded shares of Ralph Lauren from a “neutral” rating to a “buy” rating and upped their price target for the stock from $130.00 to $145.00 in a research report on Monday, February 13th. BMO Capital Markets lowered shares of Ralph Lauren from a “market perform” rating to an “underperform” rating and increased their target price for the company from $96.00 to $100.00 in a research report on Friday, January 27th. Finally, Citigroup upped their price objective on shares of Ralph Lauren from $92.00 to $124.00 and gave the company a “neutral” rating in a research note on Thursday, February 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.57.

Ralph Lauren Trading Down 3.2 %

Shares of Ralph Lauren stock opened at $109.12 on Monday. The company’s fifty day simple moving average is $113.77 and its 200-day simple moving average is $113.07. The company has a market cap of $7.20 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 1.31 and a beta of 1.39. The company has a current ratio of 2.08, a quick ratio of 1.37 and a debt-to-equity ratio of 0.59. Ralph Lauren Co. has a 1 year low of $82.23 and a 1 year high of $128.94.

Ralph Lauren Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 14th. Investors of record on Friday, March 31st were given a $0.75 dividend. The ex-dividend date was Thursday, March 30th. This represents a $3.00 annualized dividend and a yield of 2.75%. Ralph Lauren’s dividend payout ratio (DPR) is currently 40.27%.

Ralph Lauren Profile

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Ralph Lauren Corp. engages in the design, marketing, and distribution of luxury lifestyle products, including apparel, footwear and accessories, home, fragrances, and hospitality categories. The firm offers products under the brands of Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, and Chaps.