Trust Investment Advisors Takes $228,000 Position in Ralph Lauren Co. (NYSE:RL)

Trust Investment Advisors purchased a new position in shares of Ralph Lauren Co. (NYSE:RL) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 988 shares of the textile maker’s stock, valued at approximately $228,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in shares of Ralph Lauren by 1,270.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 127 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Ralph Lauren by 281.1% during the fourth quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker’s stock worth $47,000 after purchasing an additional 149 shares in the last quarter. True Wealth Design LLC raised its stake in Ralph Lauren by 8,933.3% in the 3rd 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. Versant Capital Management Inc lifted its holdings in Ralph Lauren by 333.3% in the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock valued at $81,000 after purchasing an additional 270 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. acquired a new stake in Ralph Lauren during the 3rd quarter worth $86,000. 67.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on RL. UBS Group raised their price target on shares of Ralph Lauren from $332.00 to $348.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Cowen restated a “buy” rating on shares of Ralph Lauren in a report on Tuesday, February 4th. Raymond James cut Ralph Lauren from an “outperform” rating to a “market perform” rating in a report on Monday, January 27th. Telsey Advisory Group reissued an “outperform” rating and set a $265.00 price objective on shares of Ralph Lauren in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group raised their target price on Ralph Lauren from $285.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Ralph Lauren currently has an average rating of “Moderate Buy” and an average target price of $284.62.

Ralph Lauren Price Performance

Shares of RL opened at $231.92 on Wednesday. The firm has a 50-day simple moving average of $251.93 and a two-hundred day simple moving average of $225.47. The stock has a market cap of $14.32 billion, a PE ratio of 21.16, a P/E/G ratio of 1.73 and a beta of 1.50. Ralph Lauren Co. has a 1-year low of $155.96 and a 1-year high of $289.33. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, beating the consensus estimate of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. As a group, analysts forecast 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 will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.42%. The ex-dividend date is Friday, March 28th. Ralph Lauren’s payout ratio is 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.