Ralph Lauren Co. (NYSE:RL) Stake Raised by CIBC Asset Management Inc

CIBC Asset Management Inc boosted its holdings in Ralph Lauren Co. (NYSE:RL) by 2.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 5,720 shares of the textile maker’s stock after purchasing an additional 157 shares during the quarter. CIBC Asset Management Inc’s holdings in Ralph Lauren were worth $1,321,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Burney Co. bought a new stake in Ralph Lauren in the fourth quarter worth about $5,711,000. Charles Schwab Investment Management Inc. increased its stake in Ralph Lauren by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker’s stock worth $95,537,000 after purchasing an additional 13,640 shares in the last quarter. Bridgewater Associates LP increased its stake in Ralph Lauren by 145.8% in the 3rd quarter. Bridgewater Associates LP now owns 59,927 shares of the textile maker’s stock worth $11,618,000 after purchasing an additional 35,550 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Ralph Lauren in the 3rd quarter worth about $1,819,000. Finally, CWA Asset Management Group LLC increased its stake in Ralph Lauren by 31.9% in the 4th quarter. CWA Asset Management Group LLC now owns 11,913 shares of the textile maker’s stock worth $2,752,000 after purchasing an additional 2,880 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Trading Down 3.0 %

Shares of NYSE RL opened at $277.92 on Friday. The stock has a market cap of $17.17 billion, a price-to-earnings ratio of 25.36, a PEG ratio of 1.73 and a beta of 1.49. The business has a 50 day simple moving average of $248.94 and a 200 day simple moving average of $213.94. Ralph Lauren Co. has a 52 week low of $155.96 and a 52 week high of $289.33. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.31 and a current ratio of 1.76.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results 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%. On average, research analysts predict that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

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

Analyst Upgrades and Downgrades

RL has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price target on Ralph Lauren from $225.00 to $275.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. TD Cowen lifted their price target on Ralph Lauren from $258.00 to $268.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. The Goldman Sachs Group lifted their price target on Ralph Lauren from $220.00 to $280.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. lifted their price target on Ralph Lauren from $285.00 to $342.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.