Signaturefd LLC Acquires 125 Shares of Ralph Lauren Co. (NYSE:RL)

Signaturefd LLC raised its holdings in shares of Ralph Lauren Co. (NYSE:RL) by 20.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 737 shares of the textile maker’s stock after purchasing an additional 125 shares during the quarter. Signaturefd LLC’s holdings in Ralph Lauren were worth $170,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in Ralph Lauren by 1,270.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 127 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Ralph Lauren by 281.1% in the 4th quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker’s stock worth $47,000 after acquiring an additional 149 shares in the last quarter. True Wealth Design LLC grew its stake in shares of Ralph Lauren by 8,933.3% in the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock worth $53,000 after acquiring an additional 268 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Ralph Lauren by 333.3% in the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock worth $81,000 after acquiring an additional 270 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. bought a new stake in shares of Ralph Lauren in the 3rd quarter worth $86,000. Institutional investors own 67.91% of the company’s stock.

Wall Street Analysts Forecast Growth

RL has been the subject of several recent analyst reports. TD Cowen upped their target price on shares of Ralph Lauren from $258.00 to $268.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. BNP Paribas upgraded shares of Ralph Lauren to a “strong-buy” rating in a research note on Thursday, January 23rd. Jefferies Financial Group upped their target price on shares of Ralph Lauren from $285.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. The Goldman Sachs Group raised shares of Ralph Lauren from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $280.00 to $286.00 in a report on Tuesday, March 18th. Finally, Needham & Company LLC initiated coverage on shares of Ralph Lauren in a report on Wednesday, February 12th. They issued a “buy” rating and a $310.00 price target on the stock. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Ralph Lauren currently has a consensus rating of “Moderate Buy” and a consensus price target of $284.62.

Ralph Lauren Price Performance

NYSE RL opened at $223.97 on Friday. The company has a market cap of $13.83 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50. Ralph Lauren Co. has a 52 week low of $155.96 and a 52 week high of $289.33. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. The firm’s 50-day simple moving average is $252.02 and its two-hundred day simple moving average is $224.24.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, beating 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%. Research analysts predict that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, March 28th. Ralph Lauren’s payout ratio is 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.