2,199 Shares of Ralph Lauren Corporation $RL Purchased by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. acquired a new position in Ralph Lauren Corporation (NYSE:RL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,199 shares of the textile maker’s stock, valued at approximately $781,000.

Several other institutional investors have also recently modified their holdings of the company. First Trust Advisors LP raised its holdings in shares of Ralph Lauren by 20.0% during the 1st quarter. First Trust Advisors LP now owns 703,637 shares of the textile maker’s stock valued at $242,044,000 after buying an additional 117,412 shares in the last quarter. Jennison Associates LLC lifted its position in Ralph Lauren by 6.4% in the 1st quarter. Jennison Associates LLC now owns 593,537 shares of the textile maker’s stock worth $204,171,000 after buying an additional 35,525 shares during the last quarter. Wellington Management Group LLP lifted its position in Ralph Lauren by 55.5% in the 2nd quarter. Wellington Management Group LLP now owns 476,472 shares of the textile maker’s stock worth $191,261,000 after buying an additional 170,091 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Ralph Lauren by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 423,283 shares of the textile maker’s stock worth $145,550,000 after buying an additional 5,107 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Ralph Lauren by 65.7% in the first quarter. Bank of New York Mellon Corp now owns 415,919 shares of the textile maker’s stock worth $143,072,000 after buying an additional 164,965 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RL has been the topic of a number of recent research reports. Needham & Company LLC increased their price target on shares of Ralph Lauren from $405.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft set a $446.00 price objective on shares of Ralph Lauren in a report on Friday, August 7th. Weiss Ratings cut shares of Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, August 26th. Wells Fargo & Company upped their price objective on shares of Ralph Lauren from $415.00 to $425.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Finally, JPMorgan Chase & Co. increased their target price on shares of Ralph Lauren from $434.00 to $452.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. Fifteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $449.00.

Ralph Lauren Stock Down 1.5%

Shares of NYSE:RL opened at $385.25 on Friday. Ralph Lauren Corporation has a 1 year low of $306.55 and a 1 year high of $421.60. The company has a market cap of $22.95 billion, a PE ratio of 24.28, a P/E/G ratio of 1.47 and a beta of 1.34. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.04 and a quick ratio of 1.42. The stock’s 50-day moving average is $360.50 and its 200 day moving average is $370.41.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, August 6th. The textile maker reported $4.59 earnings per share for the quarter, topping the consensus estimate of $4.32 by $0.27. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Ralph Lauren had a return on equity of 39.10% and a net margin of 11.76%. The business’s revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the business posted $3.77 EPS. Sell-side analysts anticipate that Ralph Lauren Corporation will post 18.79 EPS for the current year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Friday, September 25th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, September 25th. Ralph Lauren’s dividend payout ratio is currently 25.20%.

Ralph Lauren Profile

Ralph Lauren Corporation (NYSE:RL) is a global lifestyle company that designs, markets, and distributes apparel, accessories, home furnishings, fragrances, and related products. Its portfolio includes the Ralph Lauren, Polo Ralph Lauren, Lauren Ralph Lauren, Purple Label, Double RL, and other brands, which offer products across men’s, women’s, and children’s categories.

The company sells its products through company-operated stores, e-commerce platforms, department stores, specialty retailers, and selected third-party distributors.