Cetera Investment Advisers Raises Stake in Ralph Lauren Co. (NYSE:RL)

Cetera Investment Advisers increased its stake in Ralph Lauren Co. (NYSE:RL) by 3.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 10,135 shares of the textile maker’s stock after buying an additional 312 shares during the quarter. Cetera Investment Advisers’ holdings in Ralph Lauren were worth $2,341,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mather Group LLC. lifted its holdings in Ralph Lauren by 4.1% during the fourth quarter. Mather Group LLC. now owns 1,182 shares of the textile maker’s stock valued at $273,000 after purchasing an additional 47 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in Ralph Lauren by 6.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,005 shares of the textile maker’s stock valued at $231,000 after purchasing an additional 62 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in Ralph Lauren by 19.6% during the fourth quarter. TD Private Client Wealth LLC now owns 446 shares of the textile maker’s stock valued at $103,000 after purchasing an additional 73 shares during the last quarter. Twin Capital Management Inc. lifted its holdings in Ralph Lauren by 1.5% during the fourth quarter. Twin Capital Management Inc. now owns 5,659 shares of the textile maker’s stock valued at $1,307,000 after purchasing an additional 85 shares during the last quarter. Finally, Atomi Financial Group Inc. lifted its holdings in Ralph Lauren by 7.4% during the fourth quarter. Atomi Financial Group Inc. now owns 1,274 shares of the textile maker’s stock valued at $294,000 after purchasing an additional 88 shares during the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Trading Up 2.1%

Shares of RL opened at $274.65 on Monday. The firm’s 50 day simple moving average is $222.67 and its 200 day simple moving average is $233.41. The company has a market capitalization of $16.96 billion, a P/E ratio of 25.06, a P/E/G ratio of 1.73 and a beta of 1.44. 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 Co. has a 1-year low of $155.96 and a 1-year high of $289.33.

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Friday, March 28th. Ralph Lauren’s dividend payout ratio is currently 30.11%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Jefferies Financial Group upped their price objective on shares of Ralph Lauren from $285.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Raymond James downgraded shares of Ralph Lauren from an “outperform” rating to a “market perform” rating in a report on Monday, January 27th. Needham & Company LLC reissued a “buy” rating and issued a $310.00 price target on shares of Ralph Lauren in a report on Friday. Cowen reissued a “buy” rating on shares of Ralph Lauren in a report on Tuesday, February 4th. Finally, StockNews.com downgraded shares of Ralph Lauren from a “buy” rating to a “hold” rating in a report on Tuesday, May 6th. Four 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 data from MarketBeat, Ralph Lauren has a consensus rating of “Moderate Buy” and a consensus target price of $277.29.

Ralph Lauren 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.