SIH Partners LLLP Acquires Shares of 2,806 Ralph Lauren Co. (NYSE:RL)

SIH Partners LLLP acquired a new position in Ralph Lauren Co. (NYSE:RL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,806 shares of the textile maker's stock, valued at approximately $648,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. World Investment Advisors LLC bought a new stake in shares of Ralph Lauren during the third quarter valued at about $19,320,000. Wilmington Savings Fund Society FSB grew its stake in Ralph Lauren by 137.4% during the third quarter. Wilmington Savings Fund Society FSB now owns 2,849 shares of the textile maker's stock valued at $552,000 after acquiring an additional 1,649 shares in the last quarter. Franklin Resources Inc. increased its holdings in Ralph Lauren by 24.4% during the 3rd quarter. Franklin Resources Inc. now owns 84,545 shares of the textile maker's stock worth $17,425,000 after acquiring an additional 16,575 shares during the period. Retirement Systems of Alabama lifted its stake in Ralph Lauren by 2.0% in the 3rd quarter. Retirement Systems of Alabama now owns 8,781 shares of the textile maker's stock worth $1,702,000 after purchasing an additional 169 shares in the last quarter. Finally, Lord Abbett & CO. LLC bought a new position in Ralph Lauren in the 3rd quarter valued at $94,831,000. 67.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

RL has been the subject of a number of research reports. Citigroup cut their price target on shares of Ralph Lauren from $282.00 to $219.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Cowen reiterated a "buy" rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. JPMorgan Chase & Co. raised their price target on Ralph Lauren from $285.00 to $342.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Needham & Company LLC began coverage on Ralph Lauren in a report on Wednesday, February 12th. They issued a "buy" rating and a $310.00 price objective for the company. Finally, Raymond James cut Ralph Lauren from an "outperform" rating to a "market perform" rating in a report on Monday, January 27th. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $275.71.

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 841,640. The firm 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. 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 stock has a 50-day simple moving average of $226.61 and a 200-day simple moving average of $228.30. Ralph Lauren Co. has a 12 month low of $155.96 and a 12 month high of $289.33.

Ralph Lauren (NYSE:RL - Get Free Report) last released its quarterly earnings data 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%. Equities research analysts forecast that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a $0.825 dividend. The ex-dividend date was Friday, March 28th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.50%. 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.