Ameraudi Asset Management Inc. Makes New Investment in Ralph Lauren Co. (NYSE:RL)

Ameraudi Asset Management Inc. bought a new position in Ralph Lauren Co. (NYSE:RL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 930 shares of the textile maker’s stock, valued at approximately $215,000.

Other institutional investors have also made changes to their positions in the company. Lord Abbett & CO. LLC acquired a new position in shares of Ralph Lauren during the 3rd quarter worth about $94,831,000. Schroder Investment Management Group increased its position in Ralph Lauren by 671.0% in the 4th quarter. Schroder Investment Management Group now owns 136,239 shares of the textile maker’s stock worth $31,637,000 after buying an additional 118,569 shares during the period. World Investment Advisors LLC bought a new stake in shares of Ralph Lauren in the third quarter valued at approximately $19,320,000. Atreides Management LP grew its stake in shares of Ralph Lauren by 28.3% in the third quarter. Atreides Management LP now owns 377,481 shares of the textile maker’s stock worth $73,182,000 after acquiring an additional 83,349 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Ralph Lauren by 8.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,079,578 shares of the textile maker’s stock worth $249,361,000 after acquiring an additional 82,819 shares during the period. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Ralph Lauren Price Performance

Shares of RL stock opened at $215.46 on Friday. Ralph Lauren Co. has a 1 year low of $155.96 and a 1 year high of $289.33. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. The firm’s 50 day moving average is $251.01 and its 200-day moving average is $226.14. The firm has a market capitalization of $13.31 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 1.73 and a beta of 1.50.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts forecast that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, March 28th. Ralph Lauren’s dividend payout ratio (DPR) is presently 30.11%.

Wall Street Analysts Forecast Growth

RL has been the subject of a number of research reports. Jefferies Financial Group raised their price objective on Ralph Lauren from $285.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Argus upgraded shares of 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. The Goldman Sachs Group raised shares of Ralph Lauren from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $280.00 to $286.00 in a report on Tuesday, March 18th. Wells Fargo & Company upped their target price on shares of Ralph Lauren from $225.00 to $275.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Finally, Cowen reissued a “buy” rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $284.62.

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.