Ralph Lauren Corporation $RL Shares Acquired by Private Trust Co. NA

Private Trust Co. NA lifted its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 189.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 171 shares of the textile maker’s stock after acquiring an additional 112 shares during the quarter. Private Trust Co. NA’s holdings in Ralph Lauren were worth $47,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Banque Transatlantique SA acquired a new position in shares of Ralph Lauren during the 1st quarter valued at $33,000. Brooklyn Investment Group increased its stake in Ralph Lauren by 180.3% during the 1st quarter. Brooklyn Investment Group now owns 171 shares of the textile maker’s stock worth $38,000 after buying an additional 110 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Ralph Lauren during the 1st quarter worth $39,000. Gordian Capital Singapore Pte Ltd purchased a new stake in Ralph Lauren during the 1st quarter worth $43,000. Finally, MRP Capital Investments LLC increased its stake in Ralph Lauren by 175.0% during the 1st quarter. MRP Capital Investments LLC now owns 275 shares of the textile maker’s stock worth $61,000 after buying an additional 175 shares during the period. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Price Performance

RL opened at $337.04 on Friday. The company has a 50-day moving average of $311.02 and a 200-day moving average of $279.90. The company has a market capitalization of $20.41 billion, a P/E ratio of 26.92, a PEG ratio of 1.65 and a beta of 1.61. Ralph Lauren Corporation has a 1-year low of $176.61 and a 1-year high of $340.61. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.30 and a current ratio of 1.84.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, August 7th. The textile maker reported $3.77 earnings per share for the quarter, topping the consensus estimate of $3.50 by $0.27. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the firm earned $2.70 EPS. The company’s revenue was up 13.7% on a year-over-year basis. Equities analysts expect that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were given a dividend of $0.9125 per share. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, September 26th. Ralph Lauren’s dividend payout ratio is currently 29.15%.

Wall Street Analyst Weigh In

RL has been the topic of several analyst reports. UBS Group lifted their price target on shares of Ralph Lauren from $404.00 to $421.00 and gave the stock a “buy” rating in a research note on Thursday. Wall Street Zen raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Evercore ISI lifted their price target on shares of Ralph Lauren from $320.00 to $335.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. Zacks Research raised shares of Ralph Lauren to a “strong-buy” rating in a research note on Tuesday, August 12th. Finally, BTIG Research initiated coverage on shares of Ralph Lauren in a research note on Tuesday, October 14th. They set a “buy” rating and a $400.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $336.12.

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.