Paradigm Asset Management Co. LLC Invests $115,000 in Ralph Lauren Co. (NYSE:RL)

Paradigm Asset Management Co. LLC purchased a new stake in shares of Ralph Lauren Co. (NYSE:RL) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 500 shares of the textile maker’s stock, valued at approximately $115,000.

Other large investors also recently bought and sold shares of the company. Huntington National Bank boosted its holdings in Ralph Lauren by 86.6% in 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 in the last quarter. True Wealth Design LLC raised its position in shares of 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 purchasing an additional 268 shares during the last quarter. AM Squared Ltd bought a new position in Ralph Lauren in the 3rd quarter worth about $58,000. Versant Capital Management Inc grew its position in Ralph Lauren by 333.3% during the 4th 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. Finally, Transamerica Financial Advisors Inc. bought a new stake in Ralph Lauren during the 3rd quarter valued at about $86,000. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Price Performance

NYSE RL opened at $277.92 on Friday. The company has a 50-day moving average price of $248.94 and a 200-day moving average price of $213.60. Ralph Lauren Co. has a 52 week low of $155.96 and a 52 week high of $289.33. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $17.16 billion, a P/E ratio of 25.36, a PEG ratio of 1.73 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last announced 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 net margin of 10.14% and a return on equity of 30.88%. Equities research analysts anticipate that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were issued a $0.825 dividend. The ex-dividend date was Friday, December 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.19%. Ralph Lauren’s dividend payout ratio is currently 30.11%.

Analyst Ratings Changes

Several brokerages have recently issued reports on RL. Wells Fargo & Company upped their target price on shares of Ralph Lauren from $225.00 to $275.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Barclays upped their price objective 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 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. Jefferies Financial Group upped their price target on Ralph Lauren from $285.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $284.15.

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.