International Assets Investment Management LLC Purchases 3,165 Shares of Ralph Lauren Co. (NYSE:RL)

International Assets Investment Management LLC increased its position in Ralph Lauren Co. (NYSE:RL) by 45,214.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,172 shares of the textile maker’s stock after acquiring an additional 3,165 shares during the quarter. International Assets Investment Management LLC’s holdings in Ralph Lauren were worth $457,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. CWM LLC increased its holdings in shares of Ralph Lauren by 25.2% during the 3rd quarter. CWM LLC now owns 576 shares of the textile maker’s stock worth $67,000 after purchasing an additional 116 shares during the period. SG Americas Securities LLC increased its holdings in shares of Ralph Lauren by 64.4% during the 3rd quarter. SG Americas Securities LLC now owns 21,323 shares of the textile maker’s stock worth $2,475,000 after purchasing an additional 8,349 shares during the period. Exchange Traded Concepts LLC bought a new position in shares of Ralph Lauren during the 3rd quarter worth about $128,000. Oak Thistle LLC bought a new position in shares of Ralph Lauren during the 3rd quarter worth about $451,000. Finally, Czech National Bank increased its holdings in shares of Ralph Lauren by 45.1% during the 3rd quarter. Czech National Bank now owns 7,059 shares of the textile maker’s stock worth $819,000 after purchasing an additional 2,194 shares during the period. Institutional investors own 67.91% of the company’s stock.

Wall Street Analyst Weigh In

RL has been the topic of several research reports. UBS Group boosted their price objective on shares of Ralph Lauren from $188.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Telsey Advisory Group restated an “outperform” rating and set a $195.00 price objective (up previously from $165.00) on shares of Ralph Lauren in a report on Thursday, February 8th. Wells Fargo & Company upped their target price on shares of Ralph Lauren from $160.00 to $185.00 and gave the company an “equal weight” rating in a research note on Monday, March 4th. The Goldman Sachs Group upped their target price on shares of Ralph Lauren from $132.00 to $151.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Finally, Raymond James upped their target price on shares of Ralph Lauren from $135.00 to $154.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $155.64.

Ralph Lauren Price Performance

NYSE:RL opened at $166.93 on Friday. The firm has a market cap of $10.67 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 0.98 and a beta of 1.53. Ralph Lauren Co. has a 12 month low of $103.17 and a 12 month high of $192.03. The company has a quick ratio of 1.54, a current ratio of 2.17 and a debt-to-equity ratio of 0.55. The company’s 50-day moving average price is $177.52 and its two-hundred day moving average price is $148.61.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, February 8th. The textile maker reported $4.17 EPS for the quarter, beating analysts’ consensus estimates of $3.53 by $0.64. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.87 billion. Ralph Lauren had a net margin of 8.90% and a return on equity of 25.88%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.35 earnings per share. On average, equities analysts anticipate that Ralph Lauren Co. will post 10.23 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.80%. Ralph Lauren’s payout ratio is 34.01%.

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.