Trust Investment Advisors Takes Position in Ralph Lauren Co. (NYSE:RL)

Trust Investment Advisors acquired a new position in shares of Ralph Lauren Co. (NYSE:RL) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 988 shares of the textile maker’s stock, valued at approximately $228,000.

A number of other institutional investors also recently added to or reduced their stakes in RL. Mather Group LLC. lifted its position in shares of Ralph Lauren by 4.1% during the fourth quarter. Mather Group LLC. now owns 1,182 shares of the textile maker’s stock valued at $273,000 after buying an additional 47 shares during the last quarter. M&T Bank Corp boosted its stake in Ralph Lauren by 3.4% in the third quarter. M&T Bank Corp now owns 1,657 shares of the textile maker’s stock valued at $321,000 after acquiring an additional 55 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in Ralph Lauren by 6.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,005 shares of the textile maker’s stock worth $231,000 after purchasing an additional 62 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Ralph Lauren by 19.6% during the 4th quarter. TD Private Client Wealth LLC now owns 446 shares of the textile maker’s stock valued at $103,000 after purchasing an additional 73 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its position in shares of Ralph Lauren by 7.4% in the 4th quarter. Atomi Financial Group Inc. now owns 1,274 shares of the textile maker’s stock worth $294,000 after purchasing an additional 88 shares in the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Trading Down 1.7 %

Shares of NYSE:RL opened at $231.92 on Wednesday. The company has a market capitalization of $14.32 billion, a PE ratio of 21.16, a PEG ratio of 1.73 and a beta of 1.50. Ralph Lauren Co. has a 12-month low of $155.96 and a 12-month high of $289.33. The business has a 50 day moving average of $251.93 and a two-hundred day moving average of $225.47. 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 (NYSE:RL) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) 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%. As a group, analysts forecast that Ralph Lauren Co. will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a $0.825 dividend. The ex-dividend date is Friday, March 28th. This represents a $3.30 dividend on an annualized basis and a yield of 1.42%. Ralph Lauren’s payout ratio is 30.11%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on RL shares. Argus raised Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 target price on the stock in a research report on Tuesday, December 31st. BNP Paribas upgraded shares of Ralph Lauren to a “strong-buy” rating in a research note on Thursday, January 23rd. Wells Fargo & Company upped their price target 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. Jefferies Financial Group lifted their price objective on shares of Ralph Lauren from $285.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Finally, Needham & Company LLC initiated coverage on Ralph Lauren in a research note on Wednesday, February 12th. They issued a “buy” rating and a $310.00 target price for the company. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Ralph Lauren presently has a consensus rating of “Moderate Buy” and an average target price of $284.62.

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.