Ralph Lauren Co. (NYSE:RL) Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. raised its position in Ralph Lauren Co. (NYSE:RL) by 184.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 92,995 shares of the textile maker’s stock after acquiring an additional 60,329 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Ralph Lauren were worth $21,479,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of RL. Mather Group LLC. grew its holdings in Ralph Lauren by 4.1% during the fourth quarter. Mather Group LLC. now owns 1,182 shares of the textile maker’s stock worth $273,000 after acquiring an additional 47 shares during the period. M&T Bank Corp grew its stake in shares of Ralph Lauren by 3.4% during the 3rd quarter. M&T Bank Corp now owns 1,657 shares of the textile maker’s stock worth $321,000 after purchasing an additional 55 shares during the period. Asset Management One Co. Ltd. increased its holdings in shares of Ralph Lauren by 6.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,005 shares of the textile maker’s stock valued at $231,000 after purchasing an additional 62 shares in the last quarter. TD Private Client Wealth LLC lifted its stake in shares of Ralph Lauren by 19.6% in the fourth 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 period. Finally, Twin Capital Management Inc. boosted its holdings in Ralph Lauren by 1.5% during the fourth quarter. Twin Capital Management Inc. now owns 5,659 shares of the textile maker’s stock worth $1,307,000 after buying an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Wall Street Analyst Weigh In

RL has been the subject of a number of research reports. Telsey Advisory Group reiterated an “outperform” rating and set a $265.00 price target on shares of Ralph Lauren in a research report on Tuesday, February 4th. JPMorgan Chase & Co. lifted their price objective on Ralph Lauren from $285.00 to $342.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. UBS Group upped their target price on Ralph Lauren from $332.00 to $348.00 and gave the company a “buy” rating in a report on Friday, February 7th. Guggenheim lifted their price target on Ralph Lauren from $285.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, Citigroup lowered their price objective on shares of Ralph Lauren from $282.00 to $219.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $277.43.

Ralph Lauren Trading Up 1.9 %

Shares of Ralph Lauren stock opened at $201.60 on Tuesday. The firm has a market cap of $12.45 billion, a PE ratio of 18.39, a P/E/G ratio of 1.73 and a beta of 1.38. 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 Co. has a fifty-two week low of $155.96 and a fifty-two week high of $289.33. The business’s fifty day moving average is $238.64 and its two-hundred day moving average is $227.81.

Ralph Lauren (NYSE:RL) last issued 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 return on equity of 30.88% and a net margin of 10.14%. Analysts anticipate that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a $0.825 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.64%. 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.