Cibc World Markets Corp Raises Stake in Ralph Lauren Co. (NYSE:RL)

Cibc World Markets Corp lifted its stake in Ralph Lauren Co. (NYSE:RL - Free Report) by 45.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,548 shares of the textile maker's stock after purchasing an additional 1,411 shares during the quarter. Cibc World Markets Corp's holdings in Ralph Lauren were worth $1,050,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Atria Investments Inc increased its stake in shares of Ralph Lauren by 55.8% in the 3rd quarter. Atria Investments Inc now owns 1,922 shares of the textile maker's stock worth $373,000 after acquiring an additional 688 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Ralph Lauren by 63.1% in the third quarter. Empowered Funds LLC now owns 3,576 shares of the textile maker's stock valued at $693,000 after purchasing an additional 1,383 shares during the period. Natixis Advisors LLC increased its position in Ralph Lauren by 3.9% during the third quarter. Natixis Advisors LLC now owns 13,343 shares of the textile maker's stock worth $2,587,000 after purchasing an additional 502 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in Ralph Lauren by 8.2% during the third quarter. Mutual of America Capital Management LLC now owns 16,911 shares of the textile maker's stock worth $3,279,000 after purchasing an additional 1,283 shares during the period. Finally, Swiss National Bank boosted its holdings in Ralph Lauren by 3.5% in the 3rd quarter. Swiss National Bank now owns 79,600 shares of the textile maker's stock valued at $15,432,000 after purchasing an additional 2,700 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company's stock.

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Ralph Lauren Trading Down 1.7 %

NYSE:RL traded down $4.12 on Tuesday, reaching $231.92. 640,121 shares of the company's stock were exchanged, compared to its average volume of 786,066. The firm has a market capitalization of $14.32 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50. Ralph Lauren Co. has a 52-week low of $155.96 and a 52-week high of $289.33. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. The business has a fifty day moving average of $251.93 and a 200-day moving average of $225.47.

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 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%. As a group, analysts expect that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a $0.825 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $3.30 dividend on an annualized basis and a yield of 1.42%. Ralph Lauren's dividend payout ratio (DPR) is presently 30.11%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Ralph Lauren from a "neutral" rating to a "buy" rating and raised their price target for the stock from $280.00 to $286.00 in a report on Tuesday, March 18th. Cowen reissued a "buy" rating on shares of Ralph Lauren in a research note on Tuesday, February 4th. Raymond James lowered Ralph Lauren from an "outperform" rating to a "market perform" rating in a research note on Monday, January 27th. Telsey Advisory Group reiterated an "outperform" rating and set a $265.00 price target on shares of Ralph Lauren in a report on Tuesday, February 4th. Finally, TD Cowen boosted their price objective on shares of Ralph Lauren from $258.00 to $268.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Ralph Lauren currently has an average rating of "Moderate Buy" and a consensus price target of $284.62.

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.