Ralph Lauren Co. (NYSE:RL) Shares Purchased by Mather Group LLC.

Mather Group LLC. increased its holdings in Ralph Lauren Co. (NYSE:RL) by 4.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,182 shares of the textile maker’s stock after buying an additional 47 shares during the period. Mather Group LLC.’s holdings in Ralph Lauren were worth $273,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of RL. Huntington National Bank boosted its holdings in shares of Ralph Lauren by 86.6% in the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock valued at $43,000 after acquiring an additional 103 shares during the last quarter. True Wealth Design LLC boosted its holdings in Ralph Lauren by 8,933.3% in the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock valued at $53,000 after purchasing an additional 268 shares during the last quarter. AM Squared Ltd acquired a new stake in Ralph Lauren during the 3rd quarter worth about $58,000. Versant Capital Management Inc raised its stake in shares of Ralph Lauren by 333.3% during the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock valued at $81,000 after buying an additional 270 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. purchased a new position in shares of Ralph Lauren during the 3rd quarter valued at about $86,000. 67.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on RL shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $265.00 target price on shares of Ralph Lauren in a report on Tuesday. TD Cowen raised their price objective on shares of Ralph Lauren from $258.00 to $268.00 and gave the stock a “buy” rating in a research note on Tuesday. Cfra set a $171.00 target price on shares of Ralph Lauren in a research note on Thursday, October 17th. BNP Paribas upgraded shares of Ralph Lauren to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Jefferies Financial Group upped their price objective on shares of Ralph Lauren from $285.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $260.64.

Ralph Lauren Trading Up 9.4 %

Shares of Ralph Lauren stock opened at $272.52 on Friday. Ralph Lauren Co. has a twelve month low of $146.00 and a twelve month high of $289.33. The firm’s 50-day moving average price is $238.24 and its 200 day moving average price is $205.15. The company has a current ratio of 1.72, a quick ratio of 1.18 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $16.92 billion, a PE ratio of 25.98, a P/E/G ratio of 1.86 and a beta of 1.49.

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 29.44% and a net margin of 10.15%. On average, sell-side analysts predict that Ralph Lauren Co. will post 11.71 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, December 27th. Ralph Lauren’s dividend payout ratio (DPR) is 31.46%.

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.