Cookson Peirce & Co. Inc. Has $49.58 Million Holdings in Ralph Lauren Corporation $RL

Cookson Peirce & Co. Inc. lowered its position in Ralph Lauren Corporation (NYSE:RL) by 1.0% in the 4th quarter, Holdings Channel reports. The firm owned 140,216 shares of the textile maker’s stock after selling 1,476 shares during the quarter. Ralph Lauren accounts for approximately 2.1% of Cookson Peirce & Co. Inc.’s portfolio, making the stock its 8th biggest position. Cookson Peirce & Co. Inc.’s holdings in Ralph Lauren were worth $49,582,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Vestcor Inc lifted its stake in Ralph Lauren by 20.3% in the fourth quarter. Vestcor Inc now owns 3,022 shares of the textile maker’s stock worth $1,069,000 after purchasing an additional 509 shares during the last quarter. Pinebridge Investments LLC bought a new stake in Ralph Lauren in the fourth quarter worth about $20,339,000. WINTON GROUP Ltd lifted its stake in Ralph Lauren by 112.0% in the fourth quarter. WINTON GROUP Ltd now owns 9,329 shares of the textile maker’s stock worth $3,299,000 after purchasing an additional 4,928 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Ralph Lauren by 23.2% during the fourth quarter. Parallel Advisors LLC now owns 367 shares of the textile maker’s stock worth $130,000 after acquiring an additional 69 shares during the period. Finally, Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in shares of Ralph Lauren during the fourth quarter worth approximately $3,110,000. Institutional investors own 67.91% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on RL. Bank of America raised their target price on shares of Ralph Lauren from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. UBS Group raised their target price on shares of Ralph Lauren from $480.00 to $511.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Citigroup raised shares of Ralph Lauren from a “neutral” rating to a “buy” rating and raised their target price for the stock from $360.00 to $400.00 in a research report on Tuesday, March 24th. BTIG Research reaffirmed a “buy” rating and set a $450.00 target price on shares of Ralph Lauren in a research report on Friday, May 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 target price on shares of Ralph Lauren in a research report on Thursday, May 21st. Fifteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Ralph Lauren presently has an average rating of “Moderate Buy” and a consensus price target of $428.29.

Ralph Lauren Price Performance

NYSE RL opened at $366.58 on Friday. The company has a market cap of $21.82 billion, a PE ratio of 24.26, a P/E/G ratio of 1.82 and a beta of 1.35. The firm’s 50 day moving average price is $360.03 and its 200-day moving average price is $358.35. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.57 and a current ratio of 2.13. Ralph Lauren Corporation has a 52-week low of $258.13 and a 52-week high of $393.41.

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

Ralph Lauren Increases Dividend

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

About Ralph Lauren

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.