Ralph Lauren Co. (NYSE:RL) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. increased its holdings in Ralph Lauren Co. (NYSE:RL) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 186,175 shares of the textile maker’s stock after buying an additional 6,044 shares during the quarter. American Century Companies Inc.’s holdings in Ralph Lauren were worth $43,003,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Boston Partners lifted its holdings in shares of Ralph Lauren by 7.1% in the 4th quarter. Boston Partners now owns 982,927 shares of the textile maker’s stock valued at $227,085,000 after buying an additional 65,303 shares during the period. Geode Capital Management LLC lifted its holdings in Ralph Lauren by 3.3% in the third quarter. Geode Capital Management LLC now owns 949,512 shares of the textile maker’s stock valued at $183,787,000 after acquiring an additional 30,694 shares during the period. Holocene Advisors LP boosted its position in Ralph Lauren by 10.2% in the 3rd quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker’s stock worth $162,714,000 after purchasing an additional 78,008 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Ralph Lauren during the 3rd quarter worth approximately $94,831,000. Finally, Atreides Management LP increased its holdings in shares of Ralph Lauren by 28.3% during the 3rd quarter. Atreides Management LP now owns 377,481 shares of the textile maker’s stock valued at $73,182,000 after purchasing an additional 83,349 shares in the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Price Performance

Ralph Lauren stock opened at $224.60 on Friday. The company has a fifty day simple moving average of $251.50 and a 200-day simple moving average of $225.48. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $13.87 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 1.73 and a beta of 1.50. Ralph Lauren Co. has a 52-week low of $155.96 and a 52-week high of $289.33.

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 analysts’ consensus estimates of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. On average, equities analysts anticipate that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $3.30 dividend on an annualized basis and a yield of 1.47%. Ralph Lauren’s payout ratio is 30.11%.

Analyst Upgrades and Downgrades

RL has been the topic of several analyst reports. The Goldman Sachs Group upgraded shares of Ralph Lauren from a “neutral” rating to a “buy” rating and raised their price target for the company from $280.00 to $286.00 in a research report on Tuesday, March 18th. Barclays lifted their price target on Ralph Lauren from $257.00 to $310.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Needham & Company LLC began coverage on Ralph Lauren in a research report on Wednesday, February 12th. They set a “buy” rating and a $310.00 price target on the stock. Jefferies Financial Group boosted their price objective on Ralph Lauren from $285.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Finally, Guggenheim lifted their price target on shares of Ralph Lauren from $285.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $284.62.

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.