Dnca Finance Grows Position in Ralph Lauren Co. (NYSE:RL)

Dnca Finance boosted its stake in Ralph Lauren Co. (NYSE:RL) by 533.7% during the fourth quarter, HoldingsChannel reports. The firm owned 21,050 shares of the textile maker’s stock after buying an additional 17,728 shares during the period. Dnca Finance’s holdings in Ralph Lauren were worth $4,862,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of RL. GeoWealth Management LLC raised its position in shares of Ralph Lauren by 725.7% during the 4th quarter. GeoWealth Management LLC now owns 1,156 shares of the textile maker’s stock valued at $267,000 after buying an additional 1,016 shares in the last quarter. NewEdge Advisors LLC increased its stake in Ralph Lauren by 12.7% in the fourth quarter. NewEdge Advisors LLC now owns 2,958 shares of the textile maker’s stock valued at $683,000 after acquiring an additional 333 shares during the last quarter. Bridgewater Associates LP raised its position in Ralph Lauren by 88.0% during the fourth quarter. Bridgewater Associates LP now owns 112,641 shares of the textile maker’s stock valued at $26,018,000 after purchasing an additional 52,714 shares in the last quarter. Canada Post Corp Registered Pension Plan bought a new stake in Ralph Lauren during the fourth quarter worth about $190,000. Finally, Mariner LLC boosted its holdings in shares of Ralph Lauren by 12.0% in the 4th quarter. Mariner LLC now owns 5,409 shares of the textile maker’s stock worth $1,249,000 after purchasing an additional 580 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Stock Up 2.2 %

NYSE RL opened at $206.51 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. Ralph Lauren Co. has a 12 month low of $155.96 and a 12 month high of $289.33. The stock’s 50 day moving average is $233.35 and its 200 day moving average is $227.65. The stock has a market cap of $12.75 billion, a PE ratio of 18.84, a P/E/G ratio of 1.73 and a beta of 1.38.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. Research analysts predict 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 was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $3.30 dividend on an annualized basis and a yield of 1.60%. Ralph Lauren’s dividend payout ratio (DPR) is presently 30.11%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Guggenheim raised their price objective on Ralph Lauren from $285.00 to $310.00 and gave the company a “buy” rating in a report on Friday, February 7th. Raymond James lowered shares of Ralph Lauren from an “outperform” rating to a “market perform” rating in a report on Monday, January 27th. Needham & Company LLC started coverage on shares of Ralph Lauren in a report on Wednesday, February 12th. They set a “buy” rating and a $310.00 target price on the stock. Cfra Research raised shares of Ralph Lauren from a “moderate sell” rating to a “hold” rating in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. upped their price target on shares of Ralph Lauren from $285.00 to $342.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Ralph Lauren has a consensus rating of “Moderate Buy” and a consensus target price of $277.43.

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.