BI Asset Management Fondsmaeglerselskab A S Makes New Investment in Ralph Lauren Co. (NYSE:RL)

BI Asset Management Fondsmaeglerselskab A S purchased a new position in Ralph Lauren Co. (NYSE:RL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 33,452 shares of the textile maker’s stock, valued at approximately $7,727,000. BI Asset Management Fondsmaeglerselskab A S owned about 0.05% of Ralph Lauren as of its most recent filing with the Securities and Exchange Commission.

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

Ralph Lauren Stock Performance

Shares of Ralph Lauren stock opened at $206.51 on Friday. The business has a fifty day simple moving average of $233.35 and a 200-day simple moving average of $227.89. The stock has a market cap of $12.75 billion, a PE ratio of 18.84, a price-to-earnings-growth 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. Ralph Lauren Co. has a 12 month low of $155.96 and a 12 month high of $289.33.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data 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%. On average, sell-side analysts anticipate that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were paid a dividend of $0.825 per share. The ex-dividend date was Friday, March 28th. This represents a $3.30 annualized dividend and a dividend yield of 1.60%. Ralph Lauren’s dividend payout ratio (DPR) is presently 30.11%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on RL shares. JPMorgan Chase & Co. boosted their price objective on Ralph Lauren from $285.00 to $342.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Telsey Advisory Group reissued an “outperform” rating and set a $265.00 target price on shares of Ralph Lauren in a research note on Tuesday, February 4th. BNP Paribas upgraded shares of Ralph Lauren to a “strong-buy” rating in a report on Thursday, January 23rd. Guggenheim boosted their target price on Ralph Lauren from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Cowen reiterated a “buy” rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $277.43.

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.