CIBC Asset Management Inc Boosts Holdings in Ralph Lauren Co. (NYSE:RL)

CIBC Asset Management Inc lifted its stake in shares of Ralph Lauren Co. (NYSE:RL) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,720 shares of the textile maker’s stock after buying an additional 157 shares during the quarter. CIBC Asset Management Inc’s holdings in Ralph Lauren were worth $1,321,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in RL. Huntington National Bank grew its position in shares of Ralph Lauren by 86.6% during the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after buying an additional 103 shares in the last quarter. True Wealth Design LLC grew its position in shares of Ralph Lauren by 8,933.3% during the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock worth $53,000 after buying an additional 268 shares in the last quarter. AM Squared Ltd acquired a new stake in shares of Ralph Lauren during the third quarter worth approximately $58,000. Versant Capital Management Inc grew its position in shares of Ralph Lauren by 333.3% during the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock worth $81,000 after buying an additional 270 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. acquired a new position in Ralph Lauren in the third quarter worth $86,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Price Performance

Shares of NYSE RL opened at $277.92 on Friday. Ralph Lauren Co. has a fifty-two week low of $155.96 and a fifty-two week high of $289.33. The firm’s 50-day simple moving average is $248.94 and its 200 day simple moving average is $213.94. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. The stock has a market cap of $17.17 billion, a P/E ratio of 25.36, a P/E/G ratio of 1.73 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, beating analysts’ consensus estimates of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. Equities analysts expect that Ralph Lauren Co. will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Friday, December 27th. Ralph Lauren’s dividend payout ratio is currently 30.11%.

Analyst Ratings Changes

RL has been the subject of a number of research reports. Guggenheim lifted their price objective on shares of Ralph Lauren from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Cowen reaffirmed a “buy” rating on shares of Ralph Lauren in a report on Tuesday, February 4th. Jefferies Financial Group lifted their price objective on shares of Ralph Lauren from $285.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $265.00 price objective on shares of Ralph Lauren in a report on Tuesday, February 4th. Finally, StockNews.com raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $284.15.

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