Signaturefd LLC Increases Stock Holdings in Ralph Lauren Co. (NYSE:RL)

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

A number of other institutional investors and hedge funds have also recently modified their holdings of RL. EverSource Wealth Advisors LLC increased its position in shares of Ralph Lauren by 1,270.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker’s stock worth $32,000 after purchasing an additional 127 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Ralph Lauren by 281.1% in the fourth quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker’s stock worth $47,000 after purchasing an additional 149 shares during the last quarter. True Wealth Design LLC increased its position in shares of Ralph Lauren by 8,933.3% in the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock worth $53,000 after purchasing an additional 268 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Ralph Lauren by 333.3% in the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock worth $81,000 after purchasing an additional 270 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. bought a new position in shares of Ralph Lauren in the third quarter worth approximately $86,000. 67.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RL. UBS Group upped their price objective on shares of Ralph Lauren from $332.00 to $348.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Raymond James cut shares of Ralph Lauren from an “outperform” rating to a “market perform” rating in a research report on Monday, January 27th. Cowen restated a “buy” rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. BNP Paribas upgraded shares of Ralph Lauren to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, TD Cowen increased their price target on shares of Ralph Lauren from $258.00 to $268.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Ralph Lauren has an average rating of “Moderate Buy” and an average price target of $284.62.

Ralph Lauren Stock Performance

NYSE:RL opened at $223.97 on Friday. The firm 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 fifty-two week low of $155.96 and a fifty-two week high of $289.33. 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 business has a 50 day moving average price of $252.02 and a 200-day moving average price of $224.24.

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 return on equity of 30.88% and a net margin of 10.14%. Equities research analysts predict that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Friday, March 28th. Ralph Lauren’s payout ratio is 30.11%.

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.