iA Global Asset Management Inc. Has $2.09 Million Stock Holdings in Ralph Lauren Co. (NYSE:RL)

iA Global Asset Management Inc. lowered its holdings in Ralph Lauren Co. (NYSE:RL - Free Report) by 21.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,054 shares of the textile maker's stock after selling 2,466 shares during the quarter. iA Global Asset Management Inc.'s holdings in Ralph Lauren were worth $2,091,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Lord Abbett & CO. LLC acquired a new position in shares of Ralph Lauren in the 3rd quarter worth approximately $94,831,000. World Investment Advisors LLC acquired a new position in Ralph Lauren during the third quarter worth $19,320,000. Atreides Management LP raised its stake in Ralph Lauren by 28.3% during the third quarter. Atreides Management LP now owns 377,481 shares of the textile maker's stock worth $73,182,000 after acquiring an additional 83,349 shares in the last quarter. Holocene Advisors LP lifted its holdings in shares of Ralph Lauren by 10.2% during the third quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker's stock valued at $162,714,000 after acquiring an additional 78,008 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Ralph Lauren in the 4th quarter valued at $16,848,000. Institutional investors and hedge funds own 67.91% of the company's stock.

Ralph Lauren Stock Down 1.7 %

RL stock traded down $4.12 during trading hours on Tuesday, reaching $231.92. 640,121 shares of the stock were exchanged, compared to its average volume of 785,420. The firm's 50-day moving average is $251.93 and its 200-day moving average is $225.47. Ralph Lauren Co. has a 12 month low of $155.96 and a 12 month high of $289.33. The company has a market cap of $14.32 billion, a price-to-earnings ratio of 21.16, a PEG 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.

Remove Ads

Ralph Lauren (NYSE:RL - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, equities research analysts expect that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The firm 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 dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Friday, March 28th. Ralph Lauren's payout ratio is 30.11%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. UBS Group boosted their price target on shares of Ralph Lauren from $332.00 to $348.00 and gave the company a "buy" rating in a research report on Friday, February 7th. 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. Guggenheim lifted their price objective on Ralph Lauren from $285.00 to $310.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Telsey Advisory Group restated an "outperform" rating and set a $265.00 target price on shares of Ralph Lauren in a research report on Tuesday, February 4th. Finally, Raymond James cut shares of Ralph Lauren from an "outperform" rating to a "market perform" rating in a research report on Monday, January 27th. 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 stock has a consensus rating of "Moderate Buy" and an average price target of $284.62.

Ralph Lauren 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.