Natixis Advisors L.P. Buys 5,349 Shares of Ralph Lauren Co. (NYSE:RL)

Natixis Advisors L.P. increased its position in Ralph Lauren Co. (NYSE:RL - Free Report) by 11.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,845 shares of the textile maker's stock after buying an additional 5,349 shares during the quarter. Natixis Advisors L.P. owned 0.08% of Ralph Lauren worth $7,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Boston Partners bought a new position in shares of Ralph Lauren during the 3rd quarter worth approximately $84,288,000. Jennison Associates LLC lifted its holdings in shares of Ralph Lauren by 71.6% in the 4th quarter. Jennison Associates LLC now owns 794,127 shares of the textile maker's stock worth $114,513,000 after purchasing an additional 331,413 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Ralph Lauren in the 3rd quarter worth $24,890,000. Handelsbanken Fonder AB raised its position in Ralph Lauren by 1,222.2% in the 4th quarter. Handelsbanken Fonder AB now owns 119,000 shares of the textile maker's stock valued at $17,160,000 after buying an additional 110,000 shares during the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new stake in Ralph Lauren in the 3rd quarter valued at $10,602,000. Institutional investors and hedge funds own 67.91% of the company's stock.

Ralph Lauren Stock Down 0.6 %

Shares of RL traded down $0.94 during mid-day trading on Friday, hitting $167.10. 751,969 shares of the company traded hands, compared to its average volume of 968,569. Ralph Lauren Co. has a 1-year low of $103.17 and a 1-year high of $192.03. The company has a quick ratio of 1.54, a current ratio of 2.17 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $10.68 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 0.97 and a beta of 1.55. The business has a 50 day moving average of $173.53 and a 200 day moving average of $152.38.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The textile maker reported $4.17 earnings per share for the quarter, topping the consensus estimate of $3.53 by $0.64. Ralph Lauren had a net margin of 8.90% and a return on equity of 25.88%. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the company earned $3.35 EPS. Ralph Lauren's quarterly revenue was up 5.6% on a year-over-year basis. Equities research analysts anticipate that Ralph Lauren Co. will post 10.23 EPS for the current year.

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.80%. Ralph Lauren's dividend payout ratio is currently 34.01%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on RL shares. Jefferies Financial Group initiated coverage on shares of Ralph Lauren in a report on Tuesday, April 30th. They issued a "buy" rating and a $195.00 price target on the stock. Raymond James upped their price objective on Ralph Lauren from $135.00 to $154.00 and gave the company an "outperform" rating in a research note on Tuesday, January 30th. StockNews.com upgraded Ralph Lauren from a "hold" rating to a "buy" rating in a research note on Monday, January 22nd. TD Cowen lifted their price objective on Ralph Lauren from $192.00 to $197.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Wells Fargo & Company boosted their price target on shares of Ralph Lauren from $160.00 to $185.00 and gave the company an "equal weight" rating in a research report on Monday, March 4th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $163.08.

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.