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

International Assets Investment Management LLC increased its stake in shares of Ralph Lauren Co. (NYSE:RL) by 45,214.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor 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 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of RL. Boston Partners bought a new stake in shares of Ralph Lauren during the 3rd quarter worth about $84,288,000. Lord Abbett & CO. LLC bought a new stake in shares of Ralph Lauren during the 3rd quarter worth about $24,890,000. Landscape Capital Management L.L.C. bought a new stake in Ralph Lauren in the 3rd quarter valued at about $10,602,000. Jennison Associates LLC boosted its holdings in Ralph Lauren by 18.7% in the 3rd quarter. Jennison Associates LLC now owns 462,714 shares of the textile maker’s stock valued at $53,716,000 after purchasing an additional 72,926 shares during the period. Finally, Citigroup Inc. boosted its holdings in Ralph Lauren by 125.8% in the 3rd quarter. Citigroup Inc. now owns 13,473 shares of the textile maker’s stock valued at $1,564,000 after purchasing an additional 65,657 shares during the period. Institutional investors own 67.91% of the company’s stock.

Analyst Upgrades and Downgrades

RL has been the subject of a number of recent research reports. UBS Group boosted their price objective on shares of Ralph Lauren from $188.00 to $190.00 and gave the company a “buy” rating in a report on Monday, February 5th. The Goldman Sachs Group boosted their price objective on shares of Ralph Lauren from $132.00 to $151.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Telsey Advisory Group reissued an “outperform” rating and issued a $195.00 price objective (up previously from $165.00) on shares of Ralph Lauren in a report on Thursday, February 8th. Raymond James boosted their price objective on shares of Ralph Lauren from $135.00 to $154.00 and gave the company an “outperform” rating in a report on Tuesday, January 30th. Finally, StockNews.com raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, January 22nd. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.64.

Ralph Lauren Price Performance

RL stock opened at $166.93 on Friday. The company has a 50 day simple moving average of $177.52 and a 200 day simple moving average of $148.61. The stock has a market cap of $10.67 billion, a price-to-earnings ratio of 18.93, a P/E/G ratio of 0.98 and a beta of 1.53. Ralph Lauren Co. has a 1 year low of $103.17 and a 1 year high of $192.03. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.17 and a quick ratio of 1.54.

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

Ralph Lauren Announces Dividend

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

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