Truist Financial Corp increased its holdings in Ralph Lauren Co. (NYSE:RL - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 279,156 shares of the textile maker's stock after buying an additional 14,693 shares during the period. Truist Financial Corp owned 0.45% of Ralph Lauren worth $64,480,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. CIBC Asset Management Inc lifted its stake in Ralph Lauren by 2.8% in the 4th quarter. CIBC Asset Management Inc now owns 5,720 shares of the textile maker's stock worth $1,321,000 after purchasing an additional 157 shares in the last quarter. Sanctuary Advisors LLC raised its position in shares of Ralph Lauren by 7.1% in the fourth quarter. Sanctuary Advisors LLC now owns 4,557 shares of the textile maker's stock worth $1,053,000 after buying an additional 301 shares in the last quarter. Catalyst Capital Advisors LLC boosted its stake in Ralph Lauren by 26.9% during the fourth quarter. Catalyst Capital Advisors LLC now owns 14,740 shares of the textile maker's stock valued at $3,405,000 after buying an additional 3,120 shares during the period. Principal Financial Group Inc. increased its stake in Ralph Lauren by 54.1% in the 4th quarter. Principal Financial Group Inc. now owns 100,164 shares of the textile maker's stock worth $23,136,000 after acquiring an additional 35,165 shares during the last quarter. Finally, Monument Capital Management raised its holdings in shares of Ralph Lauren by 0.6% in the 4th quarter. Monument Capital Management now owns 15,139 shares of the textile maker's stock valued at $3,497,000 after acquiring an additional 96 shares in the last quarter. Institutional investors own 67.91% of the company's stock.
Ralph Lauren Stock Down 3.0 %
Shares of RL stock traded down $8.58 during mid-day trading on Friday, hitting $277.92. The stock had a trading volume of 859,235 shares, compared to its average volume of 768,522. The firm has a market capitalization of $17.16 billion, a P/E ratio of 25.36, a price-to-earnings-growth ratio of 1.73 and a beta of 1.49. 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 Co. has a 12-month low of $155.96 and a 12-month high of $289.33. The firm's 50-day moving average is $248.94 and its two-hundred day moving average is $213.60.
Ralph Lauren (NYSE:RL - Get Free Report) last issued its earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, topping 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%. On average, analysts predict that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.
Ralph Lauren Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Friday, December 27th. Ralph Lauren's dividend payout ratio (DPR) is 30.11%.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group raised their target price on shares of Ralph Lauren from $220.00 to $280.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Guggenheim lifted their price objective on Ralph Lauren from $285.00 to $310.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Barclays increased their price target on shares of Ralph Lauren from $257.00 to $310.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. TD Cowen boosted their target price on Ralph Lauren from $258.00 to $268.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. increased their price target on shares of Ralph Lauren from $285.00 to $342.00 and gave the stock an "overweight" rating in a research note on Friday. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $284.15.
View Our Latest Stock Analysis on RL
Ralph Lauren Company Profile
(
Free Report)
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.
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