iA Global Asset Management Inc. Lowers Position in Ralph Lauren Co. (NYSE:RL)

iA Global Asset Management Inc. lowered its holdings in Ralph Lauren Co. (NYSE:RL) by 21.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,054 shares of the textile maker’s stock after selling 2,466 shares during the period. iA Global Asset Management Inc.’s holdings in Ralph Lauren were worth $2,091,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of RL. EverSource Wealth Advisors LLC raised its holdings in shares of Ralph Lauren by 1,270.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 127 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Ralph Lauren by 281.1% during the 4th quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker’s stock valued at $47,000 after purchasing an additional 149 shares during the last quarter. True Wealth Design LLC increased its position in shares of Ralph Lauren by 8,933.3% during the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock valued at $53,000 after purchasing an additional 268 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Ralph Lauren by 333.3% during the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock valued at $81,000 after purchasing an additional 270 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. bought a new position in shares of Ralph Lauren during the 3rd quarter valued at about $86,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Price Performance

RL opened at $223.97 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.31 and a current ratio of 1.76. Ralph Lauren Co. has a 52-week low of $155.96 and a 52-week high of $289.33. The stock has a market capitalization of $13.83 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50. The stock’s 50 day moving average price is $252.02 and its 200-day moving average price is $223.89.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. On average, equities research analysts predict that Ralph Lauren Co. will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a dividend of $0.825 per share. The ex-dividend date is Friday, March 28th. This represents a $3.30 annualized dividend and a dividend yield of 1.47%. Ralph Lauren’s dividend payout ratio is presently 30.11%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on RL shares. Telsey Advisory Group reiterated an “outperform” rating and set a $265.00 price objective on shares of Ralph Lauren in a research report on Tuesday, February 4th. Cowen reiterated a “buy” rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. Raymond James cut Ralph Lauren from an “outperform” rating to a “market perform” rating in a research note on Monday, January 27th. Argus raised Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price target on the stock in a research note on Tuesday, December 31st. Finally, JPMorgan Chase & Co. lifted their price target on Ralph Lauren from $285.00 to $342.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $284.62.

About Ralph Lauren

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.