Ralph Lauren Co. (NYSE:RL) Shares Purchased by Ieq Capital LLC

Ieq Capital LLC grew its stake in shares of Ralph Lauren Co. (NYSE:RL) by 546.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,030 shares of the textile maker’s stock after purchasing an additional 22,850 shares during the quarter. Ieq Capital LLC’s holdings in Ralph Lauren were worth $6,243,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Huntington National Bank grew its holdings in Ralph Lauren by 86.6% during the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock valued at $43,000 after purchasing an additional 103 shares in the last quarter. True Wealth Design LLC boosted its position in Ralph Lauren by 8,933.3% in the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock valued at $53,000 after buying an additional 268 shares during the last quarter. AM Squared Ltd purchased a new position in Ralph Lauren in the 3rd quarter valued at about $58,000. Versant Capital Management Inc grew 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 valued at $81,000 after acquiring an additional 270 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. purchased a new stake in shares of Ralph Lauren during the third quarter worth about $86,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Trading Down 0.0 %

NYSE RL opened at $286.38 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.31 and a current ratio of 1.76. Ralph Lauren Co. has a one year low of $155.96 and a one year high of $289.33. The company has a 50-day simple moving average of $247.94 and a 200-day simple moving average of $212.78. The firm has a market capitalization of $17.69 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 1.73 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last issued its 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 return on equity of 30.88% and a net margin of 10.14%. On average, equities analysts forecast that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were paid a dividend of $0.825 per share. The ex-dividend date was Friday, December 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.15%. Ralph Lauren’s payout ratio is currently 30.11%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. BNP Paribas raised Ralph Lauren to a “strong-buy” rating in a report on Thursday, January 23rd. Telsey Advisory Group reiterated an “outperform” rating and set a $265.00 target price on shares of Ralph Lauren in a research note on Tuesday, February 4th. UBS Group raised their price target on shares of Ralph Lauren from $332.00 to $348.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Barclays upped their price target on shares of Ralph Lauren from $257.00 to $310.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, StockNews.com upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $279.33.

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.