GenTrust LLC Takes Position in Ralph Lauren Co. (NYSE:RL)

GenTrust LLC bought a new stake in Ralph Lauren Co. (NYSE:RL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 930 shares of the textile maker’s stock, valued at approximately $216,000.

A number of other institutional investors have also modified their holdings of the business. Pacer Advisors Inc. increased its stake in Ralph Lauren by 13.7% in the 3rd quarter. Pacer Advisors Inc. now owns 1,139,975 shares of the textile maker’s stock valued at $221,007,000 after buying an additional 137,631 shares during the period. Geode Capital Management LLC increased its stake in Ralph Lauren by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 949,512 shares of the textile maker’s stock valued at $183,787,000 after buying an additional 30,694 shares during the period. Holocene Advisors LP increased its stake in Ralph Lauren by 10.2% in the 3rd quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker’s stock valued at $162,714,000 after buying an additional 78,008 shares during the period. Jennison Associates LLC increased its stake in Ralph Lauren by 13.2% in the 3rd quarter. Jennison Associates LLC now owns 520,393 shares of the textile maker’s stock valued at $100,889,000 after buying an additional 60,610 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Ralph Lauren by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker’s stock valued at $95,537,000 after buying an additional 13,640 shares during the period. 67.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Ralph Lauren from $285.00 to $342.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Guggenheim boosted their target price on shares of Ralph Lauren from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. UBS Group boosted their target price on shares of Ralph Lauren from $332.00 to $348.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Wells Fargo & Company boosted their target price on shares of Ralph Lauren from $225.00 to $275.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Finally, BNP Paribas upgraded shares of Ralph Lauren to a “strong-buy” rating in a research report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $284.15.

Ralph Lauren Price Performance

NYSE:RL opened at $270.93 on Friday. The firm has a market cap of $16.73 billion, a price-to-earnings ratio of 24.72, a price-to-earnings-growth ratio of 1.73 and a beta of 1.49. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. The company’s 50-day moving average is $252.68 and its two-hundred day moving average is $216.67. Ralph Lauren Co. has a 12-month low of $155.96 and a 12-month high of $289.33.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, beating 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%. Research analysts expect that Ralph Lauren Co. will post 12.01 EPS for the current year.

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were issued a $0.825 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.22%. Ralph Lauren’s dividend payout ratio (DPR) is 30.11%.

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.