iA Global Asset Management Inc. Boosts Stock Position in Ralph Lauren Corporation $RL

iA Global Asset Management Inc. boosted its position in Ralph Lauren Corporation (NYSE:RL) by 619.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,634 shares of the textile maker’s stock after purchasing an additional 19,490 shares during the quarter. iA Global Asset Management Inc.’s holdings in Ralph Lauren were worth $7,786,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Blueline Advisors LLC purchased a new stake in Ralph Lauren during the fourth quarter valued at approximately $27,000. JPL Wealth Management LLC purchased a new position in Ralph Lauren in the third quarter worth $27,000. CYBER HORNET ETFs LLC acquired a new position in shares of Ralph Lauren during the second quarter worth $28,000. Aventura Private Wealth LLC acquired a new position in shares of Ralph Lauren during the fourth quarter worth $29,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Ralph Lauren during the 2nd quarter valued at $32,000. 67.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RL has been the topic of several research analyst reports. UBS Group boosted their target price on Ralph Lauren from $480.00 to $511.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $437.00 price target on shares of Ralph Lauren in a research note on Friday, May 22nd. Telsey Advisory Group raised their price target on Ralph Lauren from $435.00 to $460.00 and gave the stock an “outperform” rating in a report on Tuesday, June 23rd. Wells Fargo & Company boosted their price target on Ralph Lauren from $400.00 to $415.00 and gave the stock an “overweight” rating in a research note on Friday, May 22nd. Finally, BTIG Research restated a “buy” rating and set a $450.00 price objective on shares of Ralph Lauren in a report on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Ralph Lauren currently has a consensus rating of “Moderate Buy” and an average price target of $430.07.

Ralph Lauren Price Performance

NYSE RL opened at $398.62 on Thursday. The company has a market cap of $23.73 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 1.99 and a beta of 1.34. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.13 and a quick ratio of 1.57. The stock’s fifty day moving average price is $374.87 and its 200 day moving average price is $364.55. Ralph Lauren Corporation has a 1 year low of $266.20 and a 1 year high of $421.60.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.28. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.The firm’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.27 EPS. As a group, equities research analysts forecast that Ralph Lauren Corporation will post 18.33 earnings per share for the current year.

Ralph Lauren Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be given a $1.00 dividend. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.91. This represents a $4.00 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, June 26th. Ralph Lauren’s payout ratio is currently 26.47%.

Ralph Lauren Company Profile

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.