Diversified Trust Co Purchases 2,606 Shares of Ralph Lauren Co. (NYSE:RL)

Diversified Trust Co grew its position in shares of Ralph Lauren Co. (NYSE:RL) by 120.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 4,775 shares of the textile maker’s stock after acquiring an additional 2,606 shares during the period. Diversified Trust Co’s holdings in Ralph Lauren were worth $897,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Financial Gravity Asset Management Inc. increased its position in shares of Ralph Lauren by 99.2% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 245 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 122 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of Ralph Lauren during the 4th quarter valued at about $45,000. Mather Group LLC. bought a new position in shares of Ralph Lauren during the 1st quarter valued at about $64,000. TFO Wealth Partners LLC increased its position in shares of Ralph Lauren by 113,200.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,133 shares of the textile maker’s stock valued at $163,000 after purchasing an additional 1,132 shares during the last quarter. Finally, Symmetry Partners LLC bought a new position in Ralph Lauren during the 1st quarter worth approximately $256,000. 67.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

RL has been the topic of several recent research reports. Wells Fargo & Company reduced their price target on Ralph Lauren from $185.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, May 24th. TD Cowen raised their price target on Ralph Lauren from $192.00 to $197.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Jefferies Financial Group initiated coverage on Ralph Lauren in a research report on Tuesday, April 30th. They set a “buy” rating and a $195.00 price target on the stock. UBS Group raised their price target on Ralph Lauren from $244.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Finally, Guggenheim restated a “buy” rating and set a $200.00 price target on shares of Ralph Lauren in a research report on Friday, May 24th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Ralph Lauren has an average rating of “Moderate Buy” and an average price target of $170.50.

Insider Activity

In other news, COO Jane Nielsen sold 67,243 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $171.25, for a total value of $11,515,363.75. Following the completion of the transaction, the chief operating officer now owns 44,591 shares in the company, valued at approximately $7,636,208.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 11.50% of the stock is currently owned by company insiders.

Ralph Lauren Price Performance

Shares of RL stock opened at $172.07 on Tuesday. The firm has a market cap of $10.76 billion, a P/E ratio of 17.70, a P/E/G ratio of 1.43 and a beta of 1.52. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.68 and a current ratio of 2.29. The business’s 50 day moving average price is $174.79 and its 200-day moving average price is $167.25. Ralph Lauren Co. has a fifty-two week low of $108.60 and a fifty-two week high of $192.03.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, May 23rd. The textile maker reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.06. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Ralph Lauren had a return on equity of 27.90% and a net margin of 9.75%. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 EPS. On average, equities research analysts anticipate that Ralph Lauren Co. will post 11.07 earnings per share for the current year.

Ralph Lauren Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Friday, June 28th. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.75. Ralph Lauren’s dividend payout ratio (DPR) is presently 33.95%.

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.