Captrust Financial Advisors Has $931,000 Stake in Ralph Lauren Co. (NYSE:RL)

Captrust Financial Advisors grew its position in shares of Ralph Lauren Co. (NYSE:RL) by 19.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,031 shares of the textile maker’s stock after acquiring an additional 665 shares during the quarter. Captrust Financial Advisors’ holdings in Ralph Lauren were worth $931,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in RL. EverSource Wealth Advisors LLC grew its holdings in Ralph Lauren by 1,270.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker’s stock worth $32,000 after purchasing an additional 127 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of 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 in the last quarter. Pinpoint Asset Management Ltd lifted its holdings in shares of Ralph Lauren by 22,500.0% in the fourth quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker’s stock worth $52,000 after acquiring an additional 225 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in Ralph Lauren in the fourth quarter valued at approximately $63,000. Finally, Summit Securities Group LLC bought a new stake in shares of Ralph Lauren during the fourth quarter worth about $92,000. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Price Performance

RL opened at $269.16 on Friday. The stock has a market capitalization of $16.62 billion, a P/E ratio of 24.56, a PEG ratio of 1.73 and a beta of 1.44. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. Ralph Lauren Co. has a 12-month low of $155.96 and a 12-month high of $289.33. The stock has a 50-day moving average price of $221.63 and a 200-day moving average price of $232.46.

Ralph Lauren Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued a $0.825 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.23%. Ralph Lauren’s payout ratio is 30.11%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on RL. Cfra Research upgraded Ralph Lauren from a “moderate sell” rating to a “hold” rating in a report on Monday, April 14th. StockNews.com cut Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. Jefferies Financial Group lifted their target price on shares of Ralph Lauren from $285.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Telsey Advisory Group restated an “outperform” rating and set a $265.00 price objective on shares of Ralph Lauren in a report on Tuesday, February 4th. Finally, Guggenheim lifted their price objective on Ralph Lauren from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $273.71.

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.