Ralph Lauren Co. (NYSE:RL) Shares Bought by Cibc World Markets Corp

Cibc World Markets Corp lifted its position in shares of Ralph Lauren Co. (NYSE:RL) by 45.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,548 shares of the textile maker’s stock after acquiring an additional 1,411 shares during the period. Cibc World Markets Corp’s holdings in Ralph Lauren were worth $1,050,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of RL. EverSource Wealth Advisors LLC boosted its position in Ralph Lauren by 1,270.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker’s stock worth $32,000 after acquiring an additional 127 shares during the period. Jones Financial Companies Lllp lifted its holdings in Ralph Lauren by 281.1% in the fourth quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker’s stock worth $47,000 after purchasing an additional 149 shares during the period. True Wealth Design LLC increased its stake in shares of Ralph Lauren by 8,933.3% during the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock valued at $53,000 after acquiring an additional 268 shares during the period. Versant Capital Management Inc lifted its position in Ralph Lauren by 333.3% in the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock worth $81,000 after purchasing an additional 270 shares during the period. Finally, Transamerica Financial Advisors Inc. bought a new stake in Ralph Lauren in the third quarter worth about $86,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Stock Down 0.5 %

Shares of Ralph Lauren stock opened at $223.97 on Friday. The stock has a 50-day simple moving average of $252.02 and a 200-day simple moving average of $223.89. Ralph Lauren Co. has a 52-week low of $155.96 and a 52-week high of $289.33. The firm has a market cap of $13.83 billion, a price-to-earnings ratio of 20.44, a P/E/G ratio of 1.73 and a beta of 1.50. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, topping the consensus estimate of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. On average, equities research analysts expect that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a $0.825 dividend. The ex-dividend date is Friday, March 28th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.47%. Ralph Lauren’s dividend payout ratio is currently 30.11%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on RL. Wells Fargo & Company lifted their price objective 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. Guggenheim upped their price target on Ralph Lauren from $285.00 to $310.00 and gave the company a “buy” rating in a report on Friday, February 7th. Cowen reissued a “buy” rating on shares of Ralph Lauren in a research note on Tuesday, February 4th. Barclays boosted their target price on Ralph Lauren from $257.00 to $310.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group upgraded Ralph Lauren from a “neutral” rating to a “buy” rating and increased their price target for the company from $280.00 to $286.00 in a research report on Tuesday. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $284.62.

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.