930 Shares in Ralph Lauren Co. (NYSE:RL) Purchased by GenTrust LLC

GenTrust LLC acquired a new position in shares of Ralph Lauren Co. (NYSE:RL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 930 shares of the textile maker’s stock, valued at approximately $216,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RL. Lord Abbett & CO. LLC acquired a new stake in shares of Ralph Lauren during the third quarter valued at about $94,831,000. Pacer Advisors Inc. increased its position in shares of Ralph Lauren by 13.7% during the third quarter. Pacer Advisors Inc. now owns 1,139,975 shares of the textile maker’s stock valued at $221,007,000 after acquiring an additional 137,631 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of Ralph Lauren during the third quarter valued at about $19,320,000. Atreides Management LP boosted 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 valued at $73,182,000 after purchasing an additional 83,349 shares during the period. Finally, Holocene Advisors LP boosted its stake in shares of Ralph Lauren by 10.2% in the third quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker’s stock valued at $162,714,000 after purchasing an additional 78,008 shares during the period. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on RL shares. Argus raised shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price objective for the company in a research note on Tuesday, December 31st. JPMorgan Chase & Co. raised their price objective on shares of Ralph Lauren from $285.00 to $342.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Jefferies Financial Group raised their price objective on shares of Ralph Lauren from $285.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Wells Fargo & Company raised their price objective 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, Barclays raised their price objective on shares of Ralph Lauren from $257.00 to $310.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $284.15.

Ralph Lauren Stock Down 1.8 %

RL stock opened at $270.93 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. Ralph Lauren Co. has a twelve month low of $155.96 and a twelve month high of $289.33. The company’s 50 day moving average is $252.68 and its two-hundred day moving average is $216.67. The stock has a market cap of $16.73 billion, a P/E ratio of 24.72, a PEG ratio of 1.73 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, topping analysts’ consensus estimates of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. Research analysts expect that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were issued a $0.825 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.22%. Ralph Lauren’s payout ratio is 30.11%.

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.