BI Asset Management Fondsmaeglerselskab A S Makes New $7.73 Million Investment in Ralph Lauren Co. (NYSE:RL)

BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Ralph Lauren Co. (NYSE:RL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,452 shares of the textile maker's stock, valued at approximately $7,727,000. BI Asset Management Fondsmaeglerselskab A S owned about 0.05% of Ralph Lauren at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Burney Co. bought a new stake in shares of Ralph Lauren in the 4th quarter worth $5,711,000. Citizens Financial Group Inc. RI bought a new stake in Ralph Lauren in the 4th quarter worth about $3,014,000. Amundi increased its stake in Ralph Lauren by 8.3% in the 4th quarter. Amundi now owns 195,208 shares of the textile maker's stock valued at $47,444,000 after buying an additional 14,889 shares during the last quarter. Keystone Investors PTE Ltd. bought a new position in shares of Ralph Lauren during the 4th quarter worth approximately $2,264,000. Finally, CWA Asset Management Group LLC boosted its stake in shares of 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 buying an additional 2,880 shares during the last quarter. 67.91% of the stock is owned by institutional investors.

Ralph Lauren Price Performance

Shares of NYSE:RL traded up $7.61 on Thursday, hitting $220.14. The company's stock had a trading volume of 912,562 shares, compared to its average volume of 842,872. Ralph Lauren Co. has a 1 year low of $155.96 and a 1 year high of $289.33. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31. The company has a market capitalization of $13.60 billion, a PE ratio of 20.09, a PEG ratio of 1.73 and a beta of 1.38. The company has a 50-day simple moving average of $229.20 and a 200 day simple moving average of $227.96.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts forecast that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a dividend of $0.825 per share. The ex-dividend date was Friday, March 28th. This represents a $3.30 dividend on an annualized basis and a yield of 1.50%. Ralph Lauren's payout ratio is 30.11%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on RL shares. JPMorgan Chase & Co. lifted their target price on Ralph Lauren from $285.00 to $342.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. BNP Paribas raised shares of Ralph Lauren to a "strong-buy" rating in a research report on Thursday, January 23rd. Guggenheim lifted their price target on shares of Ralph Lauren from $285.00 to $310.00 and gave the stock a "buy" rating in a report on Friday, February 7th. The Goldman Sachs Group set a $262.00 price objective on Ralph Lauren in a report on Tuesday. Finally, Cowen reaffirmed a "buy" rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. Three analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Ralph Lauren has a consensus rating of "Moderate Buy" and a consensus target price of $275.71.

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.