Ralph Lauren Co. (NYSE:RL) Shares Bought by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC grew its position in Ralph Lauren Co. (NYSE:RL) by 43.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,135 shares of the textile maker’s stock after purchasing an additional 4,585 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Ralph Lauren were worth $3,496,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Huntington National Bank raised its stake in Ralph Lauren by 86.6% in the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock valued at $43,000 after buying an additional 103 shares in the last quarter. True Wealth Design LLC increased its holdings 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 valued at $53,000 after acquiring an additional 268 shares during the last quarter. AM Squared Ltd acquired a new stake in shares of Ralph Lauren during the 3rd quarter worth about $58,000. Versant Capital Management Inc boosted its holdings in Ralph Lauren by 333.3% in the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock valued at $81,000 after purchasing an additional 270 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. purchased a new position in Ralph Lauren in the third quarter valued at approximately $86,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Ralph Lauren Price Performance

Ralph Lauren stock opened at $286.35 on Thursday. The business has a 50 day simple moving average of $246.73 and a 200-day simple moving average of $212.27. Ralph Lauren Co. has a 12 month low of $155.96 and a 12 month high of $289.33. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31. The stock has a market capitalization of $17.68 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 1.71 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, beating analysts’ consensus estimates of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. Equities analysts predict that Ralph Lauren Co. will post 11.98 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were given a dividend of $0.825 per share. The ex-dividend date was Friday, December 27th. This represents a $3.30 annualized dividend and a dividend yield of 1.15%. Ralph Lauren’s payout ratio is currently 30.11%.

Wall Street Analysts Forecast Growth

RL has been the subject of several research analyst reports. Argus upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 target price for the company in a report on Tuesday, December 31st. UBS Group upped their price objective on shares of Ralph Lauren from $332.00 to $348.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $265.00 price objective on shares of Ralph Lauren in a report on Tuesday, February 4th. Barclays boosted their target price on Ralph Lauren from $257.00 to $310.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Wells Fargo & Company raised their price target on Ralph Lauren from $225.00 to $275.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $279.33.

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.