Mirae Asset Global Investments Co. Ltd. Increases Stock Holdings in Ralph Lauren Co. (NYSE:RL)

Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Ralph Lauren Co. (NYSE:RL) by 28.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,630 shares of the textile maker’s stock after purchasing an additional 1,027 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Ralph Lauren were worth $1,063,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Yousif Capital Management LLC raised its position in shares of Ralph Lauren by 32.2% during the 4th quarter. Yousif Capital Management LLC now owns 7,542 shares of the textile maker’s stock valued at $1,742,000 after buying an additional 1,838 shares during the period. Mather Group LLC. raised its position in Ralph Lauren by 4.1% in the fourth quarter. Mather Group LLC. now owns 1,182 shares of the textile maker’s stock valued at $273,000 after purchasing an additional 47 shares during the period. Longboard Asset Management LP acquired a new position in shares of Ralph Lauren in the 4th quarter valued at $210,000. Burford Brothers Inc. purchased a new position in shares of Ralph Lauren during the 4th quarter worth $232,000. Finally, Greenleaf Trust acquired a new stake in shares of Ralph Lauren during the 4th quarter worth about $206,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Ralph Lauren Price Performance

Shares of NYSE RL opened at $272.06 on Wednesday. The stock’s 50-day moving average is $240.51 and its two-hundred day moving average is $207.91. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.18. The company has a market cap of $16.90 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 2.03 and a beta of 1.49. Ralph Lauren Co. has a 1-year low of $155.96 and a 1-year high of $289.33.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, beating the consensus estimate of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. Analysts forecast that Ralph Lauren Co. will post 11.73 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently announced 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. The ex-dividend date was Friday, December 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.21%. Ralph Lauren’s payout ratio is currently 30.11%.

Analyst Ratings Changes

RL has been the topic of a number of recent analyst reports. BNP Paribas raised shares of Ralph Lauren to a “strong-buy” rating in a research report on Thursday, January 23rd. Jefferies Financial Group upped 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. Guggenheim lifted their target price on shares of Ralph Lauren from $285.00 to $310.00 and gave the company a “buy” rating in a report on Friday, February 7th. UBS Group upped their price target on Ralph Lauren from $332.00 to $348.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, The Goldman Sachs Group lifted their price objective on Ralph Lauren from $220.00 to $280.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Ralph Lauren currently has a consensus rating of “Moderate Buy” and a consensus price target of $276.55.

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.