OFI Invest Asset Management Makes New $6.87 Million Investment in Ralph Lauren Co. (NYSE:RL)

OFI Invest Asset Management bought a new position in Ralph Lauren Co. (NYSE:RL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 30,806 shares of the textile maker’s stock, valued at approximately $6,872,000.

Other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp boosted its position in Ralph Lauren by 281.1% during the 4th quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker’s stock worth $47,000 after acquiring an additional 149 shares during the period. Huntington National Bank boosted its holdings 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 purchasing an additional 103 shares during the period. True Wealth Design LLC boosted its stake 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 buying an additional 268 shares during the period. AM Squared Ltd purchased a new position in shares of Ralph Lauren during the 3rd quarter valued at $58,000. Finally, Versant Capital Management Inc grew its holdings 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 acquiring an additional 270 shares in the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RL has been the subject of several recent research reports. UBS Group boosted their target price on shares of Ralph Lauren from $332.00 to $348.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. upped their price objective on shares of Ralph Lauren from $285.00 to $342.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Guggenheim raised their target price on Ralph Lauren from $285.00 to $310.00 and gave the company a “buy” rating in a report on Friday, February 7th. Cowen reiterated a “buy” rating on shares of Ralph Lauren in a research note on Tuesday, February 4th. Finally, StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Ralph Lauren presently has a consensus rating of “Moderate Buy” and an average target price of $284.15.

Ralph Lauren Trading Down 2.4 %

Shares of RL opened at $232.51 on Friday. The stock’s 50-day moving average price is $255.08 and its 200 day moving average price is $220.74. 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 firm has a market capitalization of $14.36 billion, a price-to-earnings ratio of 21.21, a P/E/G ratio of 1.73 and a beta of 1.50. Ralph Lauren Co. has a 12-month low of $155.96 and a 12-month high of $289.33.

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

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were paid a $0.825 dividend. The ex-dividend date was Friday, December 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.42%. Ralph Lauren’s payout ratio is currently 30.11%.

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.