5,161 Shares in Ralph Lauren Co. (NYSE:RL) Acquired by ING Groep NV

ING Groep NV bought a new position in Ralph Lauren Co. (NYSE:RL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,161 shares of the textile maker’s stock, valued at approximately $1,192,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Blue Trust Inc. boosted its holdings in shares of Ralph Lauren by 38.8% during the 3rd quarter. Blue Trust Inc. now owns 533 shares of the textile maker’s stock valued at $103,000 after buying an additional 149 shares in the last quarter. Raymond James & Associates increased its position in Ralph Lauren by 4.7% during the third quarter. Raymond James & Associates now owns 64,743 shares of the textile maker’s stock valued at $12,552,000 after acquiring an additional 2,912 shares during the last quarter. Foundations Investment Advisors LLC bought a new position in shares of Ralph Lauren in the 3rd quarter worth approximately $255,000. Signaturefd LLC lifted its position in Ralph Lauren by 66.8% during the third quarter. Signaturefd LLC now owns 612 shares of the textile maker’s stock valued at $119,000 after purchasing an additional 245 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in Ralph Lauren by 177,157.1% during the third quarter. International Assets Investment Management LLC now owns 12,408 shares of the textile maker’s stock valued at $2,406,000 after purchasing an additional 12,401 shares in the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Down 3.0 %

Ralph Lauren stock opened at $277.92 on Monday. Ralph Lauren Co. has a twelve month low of $155.96 and a twelve month high of $289.33. The stock has a market capitalization of $17.17 billion, a price-to-earnings ratio of 25.36, a PEG ratio of 1.73 and a beta of 1.49. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. The stock has a 50 day moving average of $248.94 and a two-hundred day moving average of $214.33.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (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%. As a group, research analysts expect that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were issued a $0.825 dividend. The ex-dividend date was Friday, December 27th. This represents a $3.30 annualized dividend and a yield of 1.19%. Ralph Lauren’s dividend payout ratio (DPR) is presently 30.11%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on RL shares. The Goldman Sachs Group boosted their target price on shares of Ralph Lauren from $220.00 to $280.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Raymond James lowered Ralph Lauren from an “outperform” rating to a “market perform” rating in a research note on Monday, January 27th. Guggenheim boosted their price target on Ralph Lauren from $285.00 to $310.00 and gave the company a “buy” rating in a report on Friday, February 7th. 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 research report on Tuesday, December 31st. Finally, Barclays boosted their target price on shares of Ralph Lauren from $257.00 to $310.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $284.15.

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.