Mirae Asset Global Investments Co. Ltd. Purchases 1,027 Shares of Ralph Lauren Co. (NYSE:RL)

Mirae Asset Global Investments Co. Ltd. raised its position in Ralph Lauren Co. (NYSE:RL - Free Report) by 28.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,630 shares of the textile maker's stock after buying an additional 1,027 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Ralph Lauren were worth $1,063,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Huntington National Bank raised its stake in shares of Ralph Lauren by 86.6% during the third quarter. Huntington National Bank now owns 222 shares of the textile maker's stock worth $43,000 after buying an additional 103 shares during the last quarter. True Wealth Design LLC raised 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 worth $53,000 after buying an additional 268 shares during the last quarter. AM Squared Ltd bought a new stake in shares of Ralph Lauren during the third quarter worth approximately $58,000. Versant Capital Management Inc raised its stake in shares of Ralph Lauren by 333.3% during the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker's stock worth $81,000 after buying an additional 270 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. bought a new stake in shares of Ralph Lauren during the third quarter worth approximately $86,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on RL shares. UBS Group boosted their price target on shares of Ralph Lauren from $332.00 to $348.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. BNP Paribas raised shares of Ralph Lauren to a "strong-buy" rating in a research note on Thursday, January 23rd. Argus upgraded shares of Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 price target for the company in a report on Tuesday, December 31st. StockNews.com upgraded shares of Ralph Lauren from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Finally, Wells Fargo & Company upped their price target on shares of Ralph Lauren from $225.00 to $275.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $279.33.

Ralph Lauren Stock Performance

RL stock traded up $4.40 during trading hours on Friday, reaching $282.93. The stock had a trading volume of 731,038 shares, compared to its average volume of 759,137. The stock has a market capitalization of $17.57 billion, a PE ratio of 25.82, a price-to-earnings-growth ratio of 2.03 and a beta of 1.49. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.18. The stock has a 50-day simple moving average of $243.26 and a 200 day simple moving average of $209.86. Ralph Lauren Co. has a fifty-two week low of $155.96 and a fifty-two week high of $289.33.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, beating analysts' consensus estimates of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. Analysts predict that Ralph Lauren Co. will post 11.73 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Friday, December 27th. Ralph Lauren's dividend payout ratio is currently 30.11%.

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.