Cibc World Markets Corp Buys 1,666 Shares of Ralph Lauren Co. (NYSE:RL)

Cibc World Markets Corp boosted its stake in shares of Ralph Lauren Co. (NYSE:RLFree Report) by 23.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,925 shares of the textile maker’s stock after purchasing an additional 1,666 shares during the quarter. Cibc World Markets Corp’s holdings in Ralph Lauren were worth $1,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Boston Partners boosted its position in Ralph Lauren by 67.2% during the fourth quarter. Boston Partners now owns 1,214,000 shares of the textile maker’s stock valued at $175,001,000 after purchasing an additional 487,882 shares in the last quarter. Jennison Associates LLC boosted its holdings in Ralph Lauren by 71.6% in the fourth quarter. Jennison Associates LLC now owns 794,127 shares of the textile maker’s stock worth $114,513,000 after acquiring an additional 331,413 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Ralph Lauren by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 474,332 shares of the textile maker’s stock worth $68,399,000 after acquiring an additional 2,098 shares in the last quarter. Northern Trust Corp boosted its holdings in Ralph Lauren by 5.2% in the third quarter. Northern Trust Corp now owns 472,046 shares of the textile maker’s stock worth $54,800,000 after acquiring an additional 23,441 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Ralph Lauren by 50.3% in the third quarter. AQR Capital Management LLC now owns 163,233 shares of the textile maker’s stock worth $18,950,000 after acquiring an additional 54,646 shares in the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Up 3.6 %

Shares of RL stock opened at $188.32 on Tuesday. The stock has a 50 day moving average of $169.93 and a 200 day moving average of $161.49. The company has a current ratio of 2.29, a quick ratio of 1.68 and a debt-to-equity ratio of 0.57. The stock has a market cap of $11.77 billion, a P/E ratio of 19.37, a P/E/G ratio of 1.49 and a beta of 1.52. Ralph Lauren Co. has a twelve month low of $108.60 and a twelve month high of $192.03.

Ralph Lauren (NYSE:RLGet Free Report) last announced its quarterly earnings results on Thursday, May 23rd. The textile maker reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.06. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Ralph Lauren had a return on equity of 27.90% and a net margin of 9.75%. Ralph Lauren’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the business earned $0.90 earnings per share. As a group, sell-side analysts expect that Ralph Lauren Co. will post 11.08 EPS for the current year.

Ralph Lauren Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be given a dividend of $0.825 per share. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Friday, June 28th. Ralph Lauren’s dividend payout ratio (DPR) is currently 30.86%.

Insider Buying and Selling at Ralph Lauren

In other Ralph Lauren news, COO Jane Nielsen sold 67,243 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $171.25, for a total value of $11,515,363.75. Following the sale, the chief operating officer now directly owns 44,591 shares of the company’s stock, valued at $7,636,208.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 39.09% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on RL shares. Guggenheim reissued a “buy” rating and issued a $200.00 price target on shares of Ralph Lauren in a report on Friday, May 24th. TD Cowen raised their price target on Ralph Lauren from $192.00 to $197.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. UBS Group raised their price target on Ralph Lauren from $244.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Telsey Advisory Group reissued an “outperform” rating and issued a $195.00 price target on shares of Ralph Lauren in a report on Thursday, May 23rd. Finally, Jefferies Financial Group assumed coverage on Ralph Lauren in a research note on Tuesday, April 30th. They issued a “buy” rating and a $195.00 price objective for the company. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $170.50.

Get Our Latest Stock Report on Ralph Lauren

Ralph Lauren Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ralph Lauren (NYSE:RL)

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