Daiwa Securities Group Inc. Has $154,000 Stock Position in Ralph Lauren Co. (NYSE:RL)

Daiwa Securities Group Inc. decreased its position in shares of Ralph Lauren Co. (NYSE:RL) by 78.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,065 shares of the textile maker’s stock after selling 3,888 shares during the period. Daiwa Securities Group Inc.’s holdings in Ralph Lauren were worth $154,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Ralph Lauren by 20.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,961 shares of the textile maker’s stock valued at $1,292,000 after purchasing an additional 1,542 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Ralph Lauren in the fourth quarter worth about $2,874,000. Lecap Asset Management Ltd. acquired a new stake in shares of Ralph Lauren in the fourth quarter worth about $1,049,000. Louisiana State Employees Retirement System acquired a new stake in shares of Ralph Lauren in the fourth quarter worth about $346,000. Finally, International Assets Investment Management LLC lifted its position in shares of Ralph Lauren by 45,214.3% in the fourth quarter. International Assets Investment Management LLC now owns 3,172 shares of the textile maker’s stock worth $457,000 after buying an additional 3,165 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Ralph Lauren Trading Down 0.3 %

Shares of RL opened at $166.48 on Friday. 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 firm has a market capitalization of $10.64 billion, a price-to-earnings ratio of 18.88, a P/E/G ratio of 0.98 and a beta of 1.53. The stock’s 50-day moving average price is $176.95 and its 200 day moving average price is $149.10.

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

Ralph Lauren Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $3.00 annualized dividend and a yield of 1.80%. 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.