King Luther Capital Management Corp Has $35.77 Million Stake in Ralph Lauren Co. (NYSE:RL)

King Luther Capital Management Corp raised its position in Ralph Lauren Co. (NYSE:RL) by 0.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 154,867 shares of the textile maker’s stock after purchasing an additional 202 shares during the quarter. King Luther Capital Management Corp’s holdings in Ralph Lauren were worth $35,771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Huntington National Bank increased its position in Ralph Lauren by 86.6% during the third 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. Jones Financial Companies Lllp boosted its position in Ralph Lauren by 281.1% during the 4th quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker’s stock worth $47,000 after buying an additional 149 shares during the period. True Wealth Design LLC raised its holdings in Ralph Lauren by 8,933.3% during the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock worth $53,000 after purchasing an additional 268 shares during the last quarter. AM Squared Ltd bought a new position in Ralph Lauren during the 3rd quarter worth approximately $58,000. Finally, Versant Capital Management Inc raised its holdings in Ralph Lauren by 333.3% during the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock worth $81,000 after purchasing an additional 270 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RL. The Goldman Sachs Group lifted their price objective on shares of Ralph Lauren from $220.00 to $280.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Telsey Advisory Group reissued an “outperform” rating and issued a $265.00 price target on shares of Ralph Lauren in a report on Tuesday, February 4th. BNP Paribas raised shares of Ralph Lauren to a “strong-buy” rating in a report on Thursday, January 23rd. 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. Finally, Wells Fargo & Company upped their target price on Ralph Lauren from $225.00 to $275.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $284.15.

Ralph Lauren Stock Performance

Shares of NYSE:RL opened at $217.68 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31. The business’s 50 day moving average price is $255.08 and its 200-day moving average price is $221.09. The firm has a market capitalization of $13.44 billion, a PE ratio of 19.86, a P/E/G ratio of 1.73 and a beta of 1.50. Ralph Lauren Co. has a 1 year low of $155.96 and a 1 year high of $289.33.

Ralph Lauren (NYSE:RL) last posted its earnings results 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 return on equity of 30.88% and a net margin of 10.14%. As a group, equities research analysts expect that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were given a dividend of $0.825 per share. The ex-dividend date was Friday, December 27th. This represents a $3.30 annualized dividend and a dividend yield of 1.52%. Ralph Lauren’s dividend payout ratio is currently 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.