Caprock Group LLC Makes New Investment in Ralph Lauren Co. (NYSE:RL)

Caprock Group LLC bought a new position in Ralph Lauren Co. (NYSE:RL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,233 shares of the textile maker’s stock, valued at approximately $286,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. M&T Bank Corp raised its stake in Ralph Lauren by 3.4% during the 3rd quarter. M&T Bank Corp now owns 1,657 shares of the textile maker’s stock worth $321,000 after buying an additional 55 shares during the period. Simmons Bank lifted its stake in shares of Ralph Lauren by 2.3% in the third quarter. Simmons Bank now owns 2,703 shares of the textile maker’s stock valued at $524,000 after buying an additional 62 shares in the last quarter. Commerce Bank lifted its stake in shares of Ralph Lauren by 1.2% in the third quarter. Commerce Bank now owns 5,687 shares of the textile maker’s stock valued at $1,103,000 after buying an additional 66 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Ralph Lauren by 11.3% in the 3rd quarter. GAMMA Investing LLC now owns 672 shares of the textile maker’s stock worth $130,000 after acquiring an additional 68 shares during the last quarter. Finally, Atomi Financial Group Inc. increased its holdings in Ralph Lauren by 7.4% during the 4th quarter. Atomi Financial Group Inc. now owns 1,274 shares of the textile maker’s stock worth $294,000 after purchasing an additional 88 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Stock Performance

Ralph Lauren stock opened at $272.52 on Friday. The firm has a fifty day simple moving average of $238.24 and a two-hundred day simple moving average of $205.15. Ralph Lauren Co. has a twelve month low of $146.00 and a twelve month high of $289.33. The company has a market capitalization of $16.92 billion, a PE ratio of 25.98, a P/E/G ratio of 1.86 and a beta of 1.49. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.46 by $0.36. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. Research analysts expect that Ralph Lauren Co. will post 11.71 EPS for the current year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Friday, December 27th. Ralph Lauren’s payout ratio is currently 31.46%.

Wall Street Analysts Forecast Growth

RL has been the topic of several recent analyst reports. Barclays raised their price objective on Ralph Lauren from $257.00 to $310.00 and gave the company an “overweight” rating in a research note on Thursday. TD Cowen upped their price objective on shares of Ralph Lauren from $258.00 to $268.00 and gave the stock a “buy” rating in a research report on Tuesday. Argus upgraded Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 target price on the stock in a research note on Tuesday, December 31st. Wells Fargo & Company boosted their price objective on Ralph Lauren from $215.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Finally, Guggenheim boosted their price target on shares of Ralph Lauren from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $260.64.

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.