SVB Wealth LLC Acquires Shares of 1,000 Ralph Lauren Co. (NYSE:RL)

SVB Wealth LLC bought a new stake in Ralph Lauren Co. (NYSE:RL) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,000 shares of the textile maker’s stock, valued at approximately $231,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Burney Co. bought a new position in Ralph Lauren in the 4th quarter valued at approximately $5,711,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Ralph Lauren by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker’s stock worth $95,537,000 after buying an additional 13,640 shares in the last quarter. Bridgewater Associates LP lifted its stake in shares of Ralph Lauren by 145.8% in the 3rd quarter. Bridgewater Associates LP now owns 59,927 shares of the textile maker’s stock valued at $11,618,000 after acquiring an additional 35,550 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Ralph Lauren during the 3rd quarter valued at $1,819,000. Finally, CWA Asset Management Group LLC increased its holdings in Ralph Lauren by 31.9% in the 4th quarter. CWA Asset Management Group LLC now owns 11,913 shares of the textile maker’s stock worth $2,752,000 after purchasing an additional 2,880 shares in the last quarter. Institutional investors own 67.91% of the company’s stock.

Wall Street Analyst Weigh In

RL has been the topic of several recent research reports. Telsey Advisory Group reissued an “outperform” rating and set a $265.00 target price on shares of Ralph Lauren in a report on Tuesday, February 4th. JPMorgan Chase & Co. raised their price target on shares of Ralph Lauren from $285.00 to $342.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. TD Cowen increased their price target on Ralph Lauren from $258.00 to $268.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Raymond James lowered shares of Ralph Lauren from an “outperform” rating to a “market perform” rating in a research note on Monday, January 27th. Finally, Needham & Company LLC began coverage on Ralph Lauren in a research note on Wednesday, February 12th. They issued a “buy” rating and a $310.00 price objective for the company. 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. According to data from MarketBeat.com, Ralph Lauren has a consensus rating of “Moderate Buy” and an average target price of $284.15.

Ralph Lauren Price Performance

Ralph Lauren stock opened at $249.79 on Thursday. Ralph Lauren Co. has a 52 week low of $155.96 and a 52 week high of $289.33. The company’s 50 day moving average price is $254.55 and its two-hundred day moving average price is $219.57. The stock has a market cap of $15.43 billion, a P/E ratio of 22.79, a P/E/G ratio of 1.73 and a beta of 1.49. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39.

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

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were issued a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.32%. Ralph Lauren’s dividend payout ratio (DPR) is presently 30.11%.

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