Brandywine Global Investment Management LLC Has $2.82 Million Position in Ralph Lauren Co. (NYSE:RL)

Brandywine Global Investment Management LLC increased its position in Ralph Lauren Co. (NYSE:RL – Get Rating) by 4.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,635 shares of the textile maker’s stock after buying an additional 1,179 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Ralph Lauren were worth $2,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. California Public Employees Retirement System grew its position in shares of Ralph Lauren by 27.9% during the 3rd quarter. California Public Employees Retirement System now owns 110,096 shares of the textile maker’s stock worth $9,350,000 after buying an additional 23,986 shares during the period. Dupont Capital Management Corp lifted its stake in Ralph Lauren by 32.2% during the 4th quarter. Dupont Capital Management Corp now owns 9,541 shares of the textile maker’s stock valued at $1,008,000 after acquiring an additional 2,323 shares in the last quarter. MMA Asset Management LLC bought a new position in Ralph Lauren during the 4th quarter valued at $278,000. Pictet Asset Management SA lifted its stake in Ralph Lauren by 5.6% during the 3rd quarter. Pictet Asset Management SA now owns 247,035 shares of the textile maker’s stock valued at $20,981,000 after acquiring an additional 13,103 shares in the last quarter. Finally, Howard Hughes Medical Institute bought a new position in Ralph Lauren during the 3rd quarter valued at $13,334,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Ralph Lauren from $97.00 to $114.00 and gave the stock a “hold” rating in a research note on Monday, February 6th. BMO Capital Markets cut Ralph Lauren from a “market perform” rating to an “underperform” rating and boosted their price objective for the company from $96.00 to $100.00 in a research note on Friday, January 27th. UBS Group lowered their price objective on Ralph Lauren from $157.00 to $154.00 and set a “buy” rating on the stock in a research note on Wednesday, March 29th. OTR Global upgraded Ralph Lauren to a “positive” rating in a research note on Friday, April 28th. Finally, Bank of America upgraded Ralph Lauren from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $130.00 to $145.00 in a research note on Monday, February 13th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $129.00.

Ralph Lauren Stock Up 5.3 %

RL stock opened at $114.00 on Friday. The company has a current ratio of 2.08, a quick ratio of 1.37 and a debt-to-equity ratio of 0.59. The company’s 50 day moving average is $113.62 and its 200 day moving average is $113.26. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 1.27 and a beta of 1.39. Ralph Lauren Co. has a 1-year low of $82.23 and a 1-year high of $128.94.

Ralph Lauren (NYSE:RL – Get Rating) last posted its quarterly earnings data on Thursday, May 25th. The textile maker reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.25. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Ralph Lauren had a net margin of 8.01% and a return on equity of 22.88%. Ralph Lauren’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 earnings per share. Sell-side analysts predict that Ralph Lauren Co. will post 8.12 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Friday, March 31st were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.63%. The ex-dividend date was Thursday, March 30th. Ralph Lauren’s dividend payout ratio is currently 40.27%.

Ralph Lauren Company Profile

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Ralph Lauren Corp. engages in the design, marketing, and distribution of luxury lifestyle products, including apparel, footwear and accessories, home, fragrances, and hospitality categories. The firm offers products under the brands of Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, and Chaps.