Longboard Asset Management LP Invests $210,000 in Ralph Lauren Co. (NYSE:RL)

Longboard Asset Management LP bought a new position in shares of Ralph Lauren Co. (NYSE:RL) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 911 shares of the textile maker’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Burney Co. acquired a new position in Ralph Lauren during the fourth quarter worth approximately $5,711,000. Charles Schwab Investment Management Inc. increased its position in Ralph Lauren by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker’s stock worth $95,537,000 after buying an additional 13,640 shares during the period. Bridgewater Associates LP increased its position in Ralph Lauren by 145.8% during the third quarter. Bridgewater Associates LP now owns 59,927 shares of the textile maker’s stock worth $11,618,000 after buying an additional 35,550 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Ralph Lauren during the third quarter worth approximately $1,819,000. Finally, CWA Asset Management Group LLC increased its position in Ralph Lauren by 31.9% during the fourth quarter. CWA Asset Management Group LLC now owns 11,913 shares of the textile maker’s stock worth $2,752,000 after buying an additional 2,880 shares during the period. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Trading Up 0.4 %

Shares of RL stock opened at $247.10 on Wednesday. The business’s fifty day moving average price is $236.71 and its 200 day moving average price is $204.36. Ralph Lauren Co. has a 1-year low of $144.85 and a 1-year high of $260.77. The firm has a market capitalization of $15.35 billion, a PE ratio of 23.56, a P/E/G ratio of 1.86 and a beta of 1.49. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the prior year, the company posted $2.10 earnings per share. Ralph Lauren’s quarterly revenue was up 5.7% on a year-over-year basis. As a group, sell-side analysts forecast that Ralph Lauren Co. will post 11.71 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Friday, December 27th. Ralph Lauren’s dividend payout ratio is presently 31.46%.

Analyst Upgrades and Downgrades

Several research analysts have commented on RL shares. StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Argus raised Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price target on the stock in a research report on Tuesday, December 31st. The Goldman Sachs Group lifted their target price on Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Telsey Advisory Group reiterated an “outperform” rating and issued a $265.00 target price on shares of Ralph Lauren in a research note on Tuesday. Finally, Cfra set a $171.00 target price on Ralph Lauren in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $251.73.

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.