Schroder Investment Management Group Buys 118,569 Shares of Ralph Lauren Co. (NYSE:RL)

Schroder Investment Management Group lifted its position in Ralph Lauren Co. (NYSE:RL) by 671.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 136,239 shares of the textile maker’s stock after purchasing an additional 118,569 shares during the quarter. Schroder Investment Management Group’s holdings in Ralph Lauren were worth $31,637,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in RL. The Manufacturers Life Insurance Company raised its holdings in shares of Ralph Lauren by 1.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 32,465 shares of the textile maker’s stock worth $6,294,000 after acquiring an additional 510 shares in the last quarter. Townsquare Capital LLC purchased a new stake in Ralph Lauren during the third quarter valued at $331,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Ralph Lauren by 30.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 305,532 shares of the textile maker’s stock valued at $59,233,000 after purchasing an additional 71,479 shares during the last quarter. Public Sector Pension Investment Board grew its stake in shares of Ralph Lauren by 4.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 6,949 shares of the textile maker’s stock worth $1,347,000 after buying an additional 300 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of Ralph Lauren by 66.1% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 32,666 shares of the textile maker’s stock worth $6,333,000 after buying an additional 12,995 shares during the last quarter. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Needham & Company LLC initiated coverage on shares of Ralph Lauren in a report on Wednesday, February 12th. They issued a “buy” rating and a $310.00 price target for the company. Wells Fargo & Company lifted their target price on Ralph Lauren from $225.00 to $275.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. JPMorgan Chase & Co. increased their price target on Ralph Lauren from $285.00 to $342.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Guggenheim boosted their price objective on shares of Ralph Lauren from $285.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, TD Cowen increased their target price on shares of Ralph Lauren from $258.00 to $268.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Two equities 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 company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $284.62.

Ralph Lauren Price Performance

Shares of RL stock opened at $228.72 on Wednesday. Ralph Lauren Co. has a twelve month low of $155.96 and a twelve month high of $289.33. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. The stock has a fifty day simple moving average of $250.23 and a two-hundred day simple moving average of $227.18. The stock has a market capitalization of $14.13 billion, a price-to-earnings ratio of 20.87, a P/E/G ratio of 1.73 and a beta of 1.50.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, topping 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, analysts predict that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

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

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.