EverSource Wealth Advisors LLC Grows Holdings in Ralph Lauren Co. (NYSE:RL)

EverSource Wealth Advisors LLC increased its holdings in shares of Ralph Lauren Co. (NYSE:RL) by 1,270.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137 shares of the textile maker’s stock after acquiring an additional 127 shares during the period. EverSource Wealth Advisors LLC’s holdings in Ralph Lauren were worth $32,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Burney Co. bought a new position in shares of Ralph Lauren during the fourth quarter valued at $5,711,000. Citizens Financial Group Inc. RI purchased a new stake in Ralph Lauren during the 4th quarter valued at about $3,014,000. Charles Schwab Investment Management Inc. increased its stake in Ralph Lauren by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker’s stock valued at $95,537,000 after purchasing an additional 13,640 shares in the last quarter. Amundi raised its holdings in Ralph Lauren by 8.3% in the fourth quarter. Amundi now owns 195,208 shares of the textile maker’s stock worth $47,444,000 after buying an additional 14,889 shares during the last quarter. Finally, Bridgewater Associates LP lifted its stake in shares of Ralph Lauren by 145.8% in the third quarter. Bridgewater Associates LP now owns 59,927 shares of the textile maker’s stock worth $11,618,000 after buying an additional 35,550 shares in the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Wall Street Analyst Weigh In

RL has been the subject of several analyst reports. Raymond James downgraded shares of Ralph Lauren from an “outperform” rating to a “market perform” rating in a research report on Monday, January 27th. Argus raised Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 target price for the company in a report on Tuesday, December 31st. Barclays boosted their price target on Ralph Lauren from $257.00 to $310.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Wells Fargo & Company increased their price objective on Ralph Lauren from $225.00 to $275.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Finally, The Goldman Sachs Group raised Ralph Lauren from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $280.00 to $286.00 in a research report on Tuesday. Two 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $284.62.

Ralph Lauren Stock Performance

Shares of NYSE RL opened at $225.24 on Friday. Ralph Lauren Co. has a 12-month low of $155.96 and a 12-month high of $289.33. The firm has a market capitalization of $13.91 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50. 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 50 day moving average of $252.28 and a 200 day moving average of $223.52.

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

Ralph Lauren Dividend Announcement

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

Ralph Lauren 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.