Ralph Lauren Co. (NYSE:RL) Shares Acquired by Trustmark National Bank Trust Department

Trustmark National Bank Trust Department boosted its position in shares of Ralph Lauren Co. (NYSE:RL) by 8.6% in the third quarter, Holdings Channel.com reports. The firm owned 14,397 shares of the textile maker’s stock after acquiring an additional 1,142 shares during the period. Trustmark National Bank Trust Department’s holdings in Ralph Lauren were worth $2,791,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RL. Pacer Advisors Inc. grew its holdings in Ralph Lauren by 12,493.8% during the 2nd quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker’s stock worth $175,470,000 after acquiring an additional 994,385 shares in the last quarter. AQR Capital Management LLC grew its stake in Ralph Lauren by 158.1% in the second quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock worth $149,478,000 after purchasing an additional 528,778 shares in the last quarter. Swedbank AB bought a new stake in Ralph Lauren in the first quarter valued at about $61,022,000. Vanguard Group Inc. lifted its holdings in Ralph Lauren by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 4,908,575 shares of the textile maker’s stock worth $921,634,000 after buying an additional 203,495 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Ralph Lauren by 42.2% in the 2nd quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker’s stock valued at $111,760,000 after acquiring an additional 189,600 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Trading Down 1.6 %

Shares of NYSE:RL opened at $202.15 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.18 and a current ratio of 1.72. The stock has a market capitalization of $12.55 billion, a price-to-earnings ratio of 19.27, a PEG ratio of 1.58 and a beta of 1.49. Ralph Lauren Co. has a 1-year low of $120.95 and a 1-year high of $237.16. The company has a 50 day moving average price of $198.61 and a 200 day moving average price of $181.72.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.11. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the company posted $2.10 EPS. The company’s revenue was up 5.7% compared to the same quarter last year. On average, research analysts anticipate that Ralph Lauren Co. will post 11.71 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Friday, September 27th. Ralph Lauren’s dividend payout ratio is presently 31.46%.

Analyst Ratings Changes

Several research firms have weighed in on RL. TD Cowen boosted their target price on shares of Ralph Lauren from $208.00 to $251.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $207.00 target price on shares of Ralph Lauren in a report on Thursday, November 7th. StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday. Raymond James boosted their price target on shares of Ralph Lauren from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Wells Fargo & Company increased their price objective on shares of Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $223.90.

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.