Venturi Wealth Management LLC Boosts Holdings in Ralph Lauren Co. (NYSE:RL)

Venturi Wealth Management LLC lifted its stake in Ralph Lauren Co. (NYSE:RL) by 141.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 539 shares of the textile maker’s stock after purchasing an additional 316 shares during the period. Venturi Wealth Management LLC’s holdings in Ralph Lauren were worth $124,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Huntington National Bank increased its stake in shares of Ralph Lauren by 86.6% in the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after acquiring an additional 103 shares in the last quarter. True Wealth Design LLC increased 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. AM Squared Ltd bought a new position in shares of Ralph Lauren in the 3rd quarter worth about $58,000. Versant Capital Management Inc increased 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 position in shares of Ralph Lauren in the 3rd quarter worth about $86,000. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Stock Performance

Shares of RL stock opened at $277.92 on Friday. The company has a 50 day moving average price of $248.94 and a 200-day moving average price of $213.94. Ralph Lauren Co. has a 52 week low of $155.96 and a 52 week high of $289.33. The firm has a market capitalization of $17.17 billion, a PE ratio of 25.36, a P/E/G ratio of 1.73 and a beta of 1.49. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, topping analysts’ consensus estimates 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, equities research analysts expect that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Friday, December 27th. Ralph Lauren’s payout ratio is 30.11%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Jefferies Financial Group increased their price target 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. StockNews.com upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Barclays raised their price objective on shares of Ralph Lauren from $257.00 to $310.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. The Goldman Sachs Group raised their price objective on shares of Ralph Lauren from $220.00 to $280.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Finally, UBS Group raised 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. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $284.15.

About Ralph Lauren

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.