Ralph Lauren Co. (NYSE:RL) Stock Holdings Boosted by Aigen Investment Management LP

Aigen Investment Management LP grew its position in Ralph Lauren Co. (NYSE:RL) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,613 shares of the textile maker’s stock after purchasing an additional 845 shares during the period. Ralph Lauren comprises about 1.0% of Aigen Investment Management LP’s portfolio, making the stock its 3rd largest position. Aigen Investment Management LP’s holdings in Ralph Lauren were worth $5,454,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its holdings in shares of Ralph Lauren by 281.1% in the 4th quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker’s stock worth $47,000 after purchasing an additional 149 shares during the period. Huntington National Bank grew its stake in shares of Ralph Lauren by 86.6% during the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after acquiring an additional 103 shares during the period. True Wealth Design LLC increased its holdings in Ralph Lauren by 8,933.3% in the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock worth $53,000 after acquiring an additional 268 shares during the last quarter. AM Squared Ltd bought a new stake in Ralph Lauren in the 3rd quarter valued at about $58,000. Finally, Versant Capital Management Inc lifted its holdings in Ralph Lauren by 333.3% during the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock valued at $81,000 after purchasing an additional 270 shares during the last quarter. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Ralph Lauren Stock Down 3.7 %

Shares of NYSE RL opened at $252.53 on Wednesday. Ralph Lauren Co. has a 12 month low of $155.96 and a 12 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 firm has a fifty day simple moving average of $254.13 and a two-hundred day simple moving average of $218.94. The firm has a market capitalization of $15.60 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 1.73 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, beating analysts’ consensus estimates of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. Equities analysts expect that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Friday, December 27th. Ralph Lauren’s dividend payout ratio (DPR) is presently 30.11%.

Analyst Ratings Changes

Several research analysts recently commented on RL shares. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $265.00 price objective on shares of Ralph Lauren in a report on Tuesday, February 4th. Barclays upped their price target on Ralph Lauren from $257.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Argus upgraded Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price objective on the stock in a research report on Tuesday, December 31st. TD Cowen boosted their price objective on Ralph Lauren from $258.00 to $268.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Finally, Raymond James lowered shares of Ralph Lauren from an “outperform” rating to a “market perform” rating in a research report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $284.15.

About Ralph Lauren

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.