Greenleaf Trust Makes New Investment in Ralph Lauren Co. (NYSE:RL)

Greenleaf Trust acquired a new stake in Ralph Lauren Co. (NYSE:RL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 893 shares of the textile maker’s stock, valued at approximately $206,000.

Other large investors have also made changes to their positions in the company. M&T Bank Corp raised its stake in Ralph Lauren by 3.4% in the 3rd quarter. M&T Bank Corp now owns 1,657 shares of the textile maker’s stock valued at $321,000 after purchasing an additional 55 shares during the last quarter. Simmons Bank grew its holdings in shares of Ralph Lauren by 2.3% during the third quarter. Simmons Bank now owns 2,703 shares of the textile maker’s stock worth $524,000 after buying an additional 62 shares in the last quarter. Commerce Bank raised its position in shares of Ralph Lauren by 1.2% in the third quarter. Commerce Bank now owns 5,687 shares of the textile maker’s stock valued at $1,103,000 after buying an additional 66 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Ralph Lauren by 11.3% during the third quarter. GAMMA Investing LLC now owns 672 shares of the textile maker’s stock valued at $130,000 after buying an additional 68 shares during the period. Finally, Atomi Financial Group Inc. boosted its position in Ralph Lauren by 7.4% during the fourth quarter. Atomi Financial Group Inc. now owns 1,274 shares of the textile maker’s stock worth $294,000 after acquiring an additional 88 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Price Performance

Ralph Lauren stock opened at $272.52 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $16.92 billion, a P/E ratio of 25.98, a PEG ratio of 1.86 and a beta of 1.49. The firm has a fifty day moving average of $238.24 and a 200-day moving average of $205.15. Ralph Lauren Co. has a 52-week low of $146.00 and a 52-week high of $289.33.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.46 by $0.36. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. As a group, analysts predict that Ralph Lauren Co. will post 11.71 EPS for the current year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.21%. The ex-dividend date was Friday, December 27th. Ralph Lauren’s dividend payout ratio (DPR) is presently 31.46%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. TD Cowen boosted their price target on Ralph Lauren from $258.00 to $268.00 and gave the company a “buy” rating in a report on Tuesday. Barclays upped their target price on Ralph Lauren from $257.00 to $310.00 and gave the company an “overweight” rating in a research note on Thursday. Guggenheim raised their price target on Ralph Lauren from $260.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group upped their price objective on shares of Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $265.00 target price on shares of Ralph Lauren in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $260.64.

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.