SIH Partners LLLP Makes New Investment in Ralph Lauren Co. (NYSE:RL)

SIH Partners LLLP acquired a new stake in Ralph Lauren Co. (NYSE:RL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,806 shares of the textile maker's stock, valued at approximately $648,000.

Several other institutional investors have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its position in shares of Ralph Lauren by 1,270.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker's stock valued at $32,000 after purchasing an additional 127 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Ralph Lauren by 281.1% during the fourth quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker's stock worth $47,000 after acquiring an additional 149 shares in the last quarter. Pinpoint Asset Management Ltd boosted its holdings in shares of Ralph Lauren by 22,500.0% in the fourth quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker's stock worth $52,000 after acquiring an additional 225 shares during the period. Resona Asset Management Co. Ltd. purchased a new position in shares of Ralph Lauren in the fourth quarter valued at $63,000. Finally, Versant Capital Management Inc raised its stake in shares of Ralph Lauren by 333.3% during the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker's stock valued at $81,000 after purchasing an additional 270 shares during the period. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Price Performance

NYSE RL traded down $0.14 on Friday, reaching $220.01. 741,627 shares of the company's stock traded hands, compared to its average volume of 841,641. The stock has a market cap of $13.59 billion, a PE ratio of 20.07, a P/E/G ratio of 1.73 and a beta of 1.38. Ralph Lauren Co. has a 12 month low of $155.96 and a 12 month high of $289.33. The stock has a 50-day simple moving average of $226.61 and a 200 day simple moving average of $228.30. 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 - Get Free Report) last issued its earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, topping 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%. As a group, research analysts predict that Ralph Lauren Co. will post 12.01 earnings per share for the current 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 issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Friday, March 28th. Ralph Lauren's dividend payout ratio (DPR) is presently 30.11%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RL. JPMorgan Chase & Co. lifted their target price on Ralph Lauren from $285.00 to $342.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Argus raised shares of Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 target price on the stock in a report on Tuesday, December 31st. BNP Paribas raised shares of Ralph Lauren to a "strong-buy" rating in a report on Thursday, January 23rd. Guggenheim upped 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. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $265.00 price objective on shares of Ralph Lauren in a research report on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Ralph Lauren has an average rating of "Moderate Buy" and a consensus price target of $275.71.

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.