ING Groep NV Has $4.80 Million Position in Ralph Lauren Corporation $RL

ING Groep NV lessened its holdings in Ralph Lauren Corporation (NYSE:RL) by 46.9% in the fourth quarter, HoldingsChannel reports. The fund owned 13,585 shares of the textile maker’s stock after selling 11,993 shares during the period. ING Groep NV’s holdings in Ralph Lauren were worth $4,804,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of RL. Blueline Advisors LLC bought a new position in shares of Ralph Lauren in the fourth quarter worth about $27,000. Aventura Private Wealth LLC acquired a new stake in Ralph Lauren during the 4th quarter valued at approximately $29,000. JPL Wealth Management LLC acquired a new stake in shares of Ralph Lauren during the 3rd quarter worth approximately $27,000. Rothschild Investment LLC grew its position in Ralph Lauren by 61.3% in the 3rd quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 38 shares during the period. Finally, Flagship Harbor Advisors LLC acquired a new stake in Ralph Lauren in the 4th quarter valued at $35,000. Institutional investors own 67.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 price objective on shares of Ralph Lauren in a report on Thursday, May 21st. Bank of America lifted their target price on Ralph Lauren from $400.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $437.00 price objective on shares of Ralph Lauren in a report on Friday, May 22nd. Zacks Research lowered Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Finally, UBS Group upped 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. Fifteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $428.29.

Ralph Lauren Trading Up 2.0%

NYSE RL opened at $373.71 on Tuesday. Ralph Lauren Corporation has a 12 month low of $258.13 and a 12 month high of $393.41. The stock has a market cap of $22.24 billion, a P/E ratio of 24.73, a P/E/G ratio of 1.82 and a beta of 1.35. The stock’s fifty day moving average price is $360.83 and its 200-day moving average price is $358.91. The company has a current ratio of 2.13, a quick ratio of 1.57 and a debt-to-equity ratio of 0.51.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, beating the consensus estimate of $2.52 by $0.28. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.The company had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same period last year, the firm posted $2.27 earnings per share. Ralph Lauren’s revenue was up 16.6% compared to the same quarter last year. As a group, equities analysts forecast that Ralph Lauren Corporation will post 18.29 EPS for the current fiscal year.

Ralph Lauren Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be paid a dividend of $1.00 per share. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, June 26th. This represents a $4.00 annualized dividend and a yield of 1.1%. Ralph Lauren’s dividend payout ratio is 24.16%.

Ralph Lauren 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.