Frank Rimerman Advisors LLC Purchases New Shares in Ralph Lauren Co. (NYSE:RL)

Frank Rimerman Advisors LLC acquired a new stake in Ralph Lauren Co. (NYSE:RL) in the 4th quarter, Holdings Channel.com reports. The fund acquired 943 shares of the textile maker’s stock, valued at approximately $218,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RL. Atria Investments Inc raised its holdings in Ralph Lauren by 55.8% in the 3rd quarter. Atria Investments Inc now owns 1,922 shares of the textile maker’s stock valued at $373,000 after acquiring an additional 688 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new position in Ralph Lauren in the 3rd quarter valued at $284,000. Huntington National Bank raised its holdings in 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 in the last quarter. CIBC Asset Management Inc raised its holdings in Ralph Lauren by 9.9% in the 3rd quarter. CIBC Asset Management Inc now owns 5,563 shares of the textile maker’s stock valued at $1,078,000 after acquiring an additional 500 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in Ralph Lauren by 63.1% in the 3rd quarter. Empowered Funds LLC now owns 3,576 shares of the textile maker’s stock valued at $693,000 after acquiring an additional 1,383 shares in the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on RL. Needham & Company LLC began coverage on Ralph Lauren in a report on Wednesday, February 12th. They set a “buy” rating and a $310.00 price target for the company. 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 target on shares of Ralph Lauren in a report on Tuesday, February 4th. Argus raised Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price target for the company in a report on Tuesday, December 31st. Finally, Barclays boosted their price target on Ralph Lauren from $257.00 to $310.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Ralph Lauren has a consensus rating of “Moderate Buy” and a consensus target price of $284.15.

Ralph Lauren Trading Down 0.1 %

NYSE RL opened at $220.03 on Tuesday. The business’s 50-day moving average price is $253.47 and its two-hundred day moving average price is $223.17. 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 $13.59 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, beating analysts’ consensus estimates of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. On average, analysts expect that Ralph Lauren Co. will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a $0.825 dividend. The ex-dividend date is Friday, March 28th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.50%. Ralph Lauren’s dividend payout ratio (DPR) is presently 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.