Frank Rimerman Advisors LLC Invests $218,000 in Ralph Lauren Co. (NYSE:RL)

Frank Rimerman Advisors LLC bought a new position in shares of Ralph Lauren Co. (NYSE:RL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 943 shares of the textile maker’s stock, valued at approximately $218,000.

Several other large investors also recently made changes to their positions in the business. Poinciana Advisors Group LLC bought a new stake in shares of Ralph Lauren during the fourth quarter worth $355,000. Hilton Capital Management LLC boosted its holdings in Ralph Lauren by 4.9% in the fourth quarter. Hilton Capital Management LLC now owns 12,810 shares of the textile maker’s stock valued at $2,959,000 after acquiring an additional 595 shares during the last quarter. LBP AM SA boosted its holdings in Ralph Lauren by 54.6% in the fourth quarter. LBP AM SA now owns 26,293 shares of the textile maker’s stock valued at $6,073,000 after acquiring an additional 9,284 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in Ralph Lauren by 12.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 1,557 shares of the textile maker’s stock valued at $360,000 after acquiring an additional 175 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its holdings in Ralph Lauren by 5,715.0% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 1,163 shares of the textile maker’s stock valued at $270,000 after acquiring an additional 1,143 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Guggenheim raised their price target on Ralph Lauren from $285.00 to $310.00 and gave the company a “buy” rating in a report on Friday, February 7th. Wells Fargo & Company raised their price target on Ralph Lauren from $225.00 to $275.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Argus upgraded Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price target on the stock in a report on Tuesday, December 31st. UBS Group raised their price target on Ralph Lauren from $332.00 to $348.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, TD Cowen increased their target price on Ralph Lauren from $258.00 to $268.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $284.15.

Ralph Lauren Stock Down 0.1 %

Shares of Ralph Lauren stock opened at $220.03 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.31 and a current ratio of 1.76. Ralph Lauren Co. has a 52-week low of $155.96 and a 52-week high of $289.33. The business’s 50 day simple moving average is $253.47 and its 200 day simple moving average is $223.17. The firm has a market cap of $13.59 billion, a PE ratio of 20.08, a P/E/G ratio of 1.73 and a beta of 1.50.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, topping the consensus estimate 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, analysts predict that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a $0.825 dividend. The ex-dividend date is Friday, March 28th. This represents a $3.30 annualized dividend and a yield of 1.50%. Ralph Lauren’s dividend payout ratio (DPR) is presently 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.