SVB Wealth LLC Takes $231,000 Position in Ralph Lauren Co. (NYSE:RL)

SVB Wealth LLC acquired a new position in Ralph Lauren Co. (NYSE:RL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,000 shares of the textile maker’s stock, valued at approximately $231,000.

Other institutional investors have also made changes to their positions in the company. Fielder Capital Group LLC acquired a new position in shares of Ralph Lauren during the 4th quarter worth about $237,000. QRG Capital Management Inc. grew its stake in Ralph Lauren by 32.9% in the fourth quarter. QRG Capital Management Inc. now owns 3,367 shares of the textile maker’s stock valued at $778,000 after purchasing an additional 834 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Ralph Lauren during the 4th quarter worth approximately $10,777,000. GenTrust LLC acquired a new stake in shares of Ralph Lauren in the 4th quarter valued at approximately $216,000. Finally, Wealthspire Advisors LLC acquired a new stake in shares of Ralph Lauren in the 4th quarter valued at approximately $1,009,000. Institutional investors own 67.91% of the company’s stock.

Wall Street Analyst Weigh In

RL has been the subject of a number of recent analyst reports. Barclays increased their price target 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. BNP Paribas upgraded shares of Ralph Lauren to a “strong-buy” rating in a research note on Thursday, January 23rd. TD Cowen boosted their price target on Ralph Lauren from $258.00 to $268.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Guggenheim raised their price objective on Ralph Lauren from $285.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, The Goldman Sachs Group boosted their target price on Ralph Lauren from $220.00 to $280.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Three 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. According to MarketBeat.com, Ralph Lauren has an average rating of “Moderate Buy” and an average price target of $284.15.

Ralph Lauren Stock Performance

Shares of NYSE:RL opened at $249.79 on Thursday. Ralph Lauren Co. has a 12-month low of $155.96 and a 12-month high of $289.33. The company’s 50 day moving average price is $254.55 and its two-hundred day moving average price is $219.57. The firm has a market cap of $15.43 billion, a PE ratio of 22.79, a PEG 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 issued its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (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 Announces Dividend

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 1.32%. The ex-dividend date was Friday, December 27th. Ralph Lauren’s dividend payout ratio (DPR) is presently 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.