Caption Management LLC Acquires New Stake in Ralph Lauren Co. (NYSE:RL)

Caption Management LLC acquired a new stake in shares of Ralph Lauren Co. (NYSE:RL) in the fourth quarter, Holdings Channel reports. The firm acquired 10,000 shares of the textile maker’s stock, valued at approximately $2,310,000.

Other hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in shares of Ralph Lauren by 1,270.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 127 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Ralph Lauren by 281.1% during the 4th quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker’s stock valued at $47,000 after purchasing an additional 149 shares during the last quarter. Pinpoint Asset Management Ltd increased its holdings in shares of Ralph Lauren by 22,500.0% in the 4th quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker’s stock worth $52,000 after purchasing an additional 225 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new position in shares of Ralph Lauren in the fourth quarter worth $63,000. Finally, Summit Securities Group LLC bought a new position in shares of Ralph Lauren during the fourth quarter valued at $92,000. 67.91% of the stock is owned by institutional investors.

Ralph Lauren Stock Down 0.2 %

Shares of RL stock opened at $237.39 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31. Ralph Lauren Co. has a one year low of $155.96 and a one year high of $289.33. The company’s fifty day moving average price is $219.85 and its 200-day moving average price is $229.80. The company has a market capitalization of $14.66 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 1.73 and a beta of 1.44.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, beating 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%. Sell-side analysts expect 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. Stockholders of record on Friday, March 28th were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, March 28th. Ralph Lauren’s payout ratio is currently 30.11%.

Analyst Upgrades and Downgrades

RL has been the topic of a number of research analyst reports. Cowen restated a “buy” rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. TD Cowen lifted 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. Citigroup reduced their price objective on Ralph Lauren from $282.00 to $219.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Needham & Company LLC assumed coverage on Ralph Lauren in a research note on Wednesday, February 12th. They set a “buy” rating and a $310.00 price target for the company. Finally, BNP Paribas upgraded shares of Ralph Lauren to a “strong-buy” rating in a research note on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $272.14.

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.