Mather Group LLC. Acquires 47 Shares of Ralph Lauren Co. (NYSE:RL)

Mather Group LLC. lifted its stake in Ralph Lauren Co. (NYSE:RL) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,182 shares of the textile maker’s stock after purchasing an additional 47 shares during the period. Mather Group LLC.’s holdings in Ralph Lauren were worth $273,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Longboard Asset Management LP purchased a new stake in Ralph Lauren in the 4th quarter valued at about $210,000. Burford Brothers Inc. bought a new position in Ralph Lauren in the fourth quarter worth approximately $232,000. Greenleaf Trust purchased a new position in Ralph Lauren during the 4th quarter worth $206,000. SYM FINANCIAL Corp bought a new stake in Ralph Lauren during the 4th quarter valued at $230,000. Finally, Symphony Financial Ltd. Co. purchased a new stake in shares of Ralph Lauren in the 4th quarter worth $223,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Up 9.4 %

Ralph Lauren stock opened at $272.52 on Friday. The business has a fifty day moving average price of $238.24 and a 200-day moving average price of $205.15. Ralph Lauren Co. has a 1-year low of $146.00 and a 1-year high of $289.33. The stock has a market capitalization of $16.92 billion, a price-to-earnings ratio of 25.98, a PEG ratio of 1.86 and a beta of 1.49. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results 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 return on equity of 29.44% and a net margin of 10.15%. Equities research analysts forecast that Ralph Lauren Co. will post 11.71 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were issued a $0.825 dividend. The ex-dividend date was Friday, December 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.21%. Ralph Lauren’s dividend payout ratio is currently 31.46%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on RL. Telsey Advisory Group restated an “outperform” rating and set a $265.00 price target on shares of Ralph Lauren in a research note on Tuesday. TD Cowen raised their target price on shares of Ralph Lauren from $258.00 to $268.00 and gave the company a “buy” rating in a research report on Tuesday. The Goldman Sachs Group increased their price objective on shares of Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Barclays lifted their price objective on shares of Ralph Lauren from $257.00 to $310.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Guggenheim increased their target price on Ralph Lauren from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $260.64.

Ralph Lauren 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.