TD Private Client Wealth LLC Has $103,000 Position in Ralph Lauren Co. (NYSE:RL)

TD Private Client Wealth LLC lifted its holdings in shares of Ralph Lauren Co. (NYSE:RL) by 19.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 446 shares of the textile maker’s stock after buying an additional 73 shares during the period. TD Private Client Wealth LLC’s holdings in Ralph Lauren were worth $103,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its stake in shares of Ralph Lauren by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker’s stock valued at $95,537,000 after buying an additional 13,640 shares in the last quarter. Cerity Partners LLC lifted its stake in Ralph Lauren by 70.3% in the third quarter. Cerity Partners LLC now owns 12,436 shares of the textile maker’s stock valued at $2,411,000 after acquiring an additional 5,133 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Ralph Lauren by 92.4% in the 3rd quarter. Larson Financial Group LLC now owns 2,317 shares of the textile maker’s stock valued at $449,000 after acquiring an additional 1,113 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Ralph Lauren by 17.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 1,848 shares of the textile maker’s stock worth $358,000 after purchasing an additional 278 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Ralph Lauren by 1.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 32,465 shares of the textile maker’s stock valued at $6,294,000 after purchasing an additional 510 shares during the period. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Price Performance

NYSE:RL opened at $231.92 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.31 and a current ratio of 1.76. The firm has a market cap of $14.32 billion, a price-to-earnings ratio of 21.16, a P/E/G 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 firm’s 50-day simple moving average is $251.93 and its 200 day simple moving average is $225.47.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, February 6th. The textile maker reported $4.82 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%. As a group, sell-side analysts predict that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.825 per share. The ex-dividend date is Friday, March 28th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.42%. Ralph Lauren’s payout ratio is 30.11%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on RL shares. Guggenheim boosted their price target on Ralph Lauren from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Telsey Advisory Group reissued an “outperform” rating and set a $265.00 target price on shares of Ralph Lauren in a report on Tuesday, February 4th. UBS Group raised their price target on Ralph Lauren from $332.00 to $348.00 and gave the company a “buy” rating in a report on Friday, February 7th. Cowen reiterated a “buy” rating on shares of Ralph Lauren in a report on Tuesday, February 4th. Finally, TD Cowen raised 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. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $284.62.

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