Tower Research Capital LLC TRC Purchases 1,884 Shares of Ralph Lauren Co. (NYSE:RL)

Tower Research Capital LLC TRC lifted its holdings in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 82.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,157 shares of the textile maker's stock after purchasing an additional 1,884 shares during the period. Tower Research Capital LLC TRC's holdings in Ralph Lauren were worth $960,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in RL. Mather Group LLC. increased its stake in shares of Ralph Lauren by 4.1% in the 4th quarter. Mather Group LLC. now owns 1,182 shares of the textile maker's stock valued at $273,000 after acquiring an additional 47 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in Ralph Lauren by 6.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,005 shares of the textile maker's stock worth $231,000 after acquiring an additional 62 shares in the last quarter. TD Private Client Wealth LLC increased its holdings 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 worth $103,000 after acquiring an additional 73 shares in the last quarter. Twin Capital Management Inc. raised its position in shares of 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 purchasing an additional 85 shares during the period. Finally, Atomi Financial Group Inc. lifted its holdings in shares of Ralph Lauren by 7.4% during the 4th quarter. Atomi Financial Group Inc. now owns 1,274 shares of the textile maker's stock valued at $294,000 after purchasing an additional 88 shares in the last quarter. 67.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on RL shares. UBS Group lifted their price target on shares of Ralph Lauren from $332.00 to $348.00 and gave the company a "buy" rating in a research note on Friday, February 7th. 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 report on Friday, February 21st. Needham & Company LLC started coverage on Ralph Lauren in a research note on Wednesday, February 12th. They issued a "buy" rating and a $310.00 price target on the stock. Telsey Advisory Group restated an "outperform" rating and issued a $265.00 price target on shares of Ralph Lauren in a report on Tuesday, February 4th. Finally, Argus raised Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 target price on the stock in a research report on Tuesday, December 31st. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $272.14.

Ralph Lauren Stock Performance

Shares of NYSE RL traded up $1.78 during midday trading on Tuesday, hitting $223.73. 599,131 shares of the company's stock were exchanged, compared to its average volume of 840,897. The company's 50 day moving average price is $225.32 and its 200 day moving average price is $228.87. Ralph Lauren Co. has a 12 month low of $155.96 and a 12 month high of $289.33. The firm has a market capitalization of $13.82 billion, a PE ratio of 20.41, a price-to-earnings-growth 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 (NYSE:RL - Get Free Report) last announced its 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 net margin of 10.14% and a return on equity of 30.88%. As a group, analysts predict that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Friday, March 28th. Ralph Lauren's dividend payout ratio is presently 30.11%.

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.