Townsquare Capital LLC Buys 274 Shares of Ralph Lauren Co. (NYSE:RL)

Townsquare Capital LLC lifted its position in shares of Ralph Lauren Co. (NYSE:RL) by 16.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,982 shares of the textile maker’s stock after buying an additional 274 shares during the period. Townsquare Capital LLC’s holdings in Ralph Lauren were worth $458,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in RL. Mather Group LLC. grew its holdings in shares of Ralph Lauren by 4.1% in the fourth quarter. Mather Group LLC. now owns 1,182 shares of the textile maker’s stock worth $273,000 after purchasing an additional 47 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Ralph Lauren by 6.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,005 shares of the textile maker’s stock valued at $231,000 after purchasing an additional 62 shares in the last quarter. TD Private Client Wealth LLC increased its position in shares of Ralph Lauren by 19.6% during the fourth quarter. TD Private Client Wealth LLC now owns 446 shares of the textile maker’s stock valued at $103,000 after buying an additional 73 shares during the period. Twin Capital Management Inc. grew its holdings in shares of Ralph Lauren by 1.5% during the 4th quarter. Twin Capital Management Inc. now owns 5,659 shares of the textile maker’s stock worth $1,307,000 after acquiring an additional 85 shares during the period. Finally, Atomi Financial Group Inc. raised its holdings in Ralph Lauren by 7.4% in the fourth 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

Shares of RL stock opened at $206.51 on Monday. The firm has a market capitalization of $12.75 billion, a PE ratio of 18.84, a P/E/G ratio of 1.73 and a beta of 1.38. The company has a 50 day moving average price of $233.35 and a 200-day moving average price of $228.13. Ralph Lauren Co. has a 52 week low of $155.96 and a 52 week high of $289.33. 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 earnings results 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 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $3.30 annualized dividend and a yield of 1.60%. Ralph Lauren’s dividend payout ratio (DPR) is 30.11%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Citigroup reduced their target price on shares of Ralph Lauren from $282.00 to $219.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Raymond James cut shares of Ralph Lauren from an “outperform” rating to a “market perform” rating in a report on Monday, January 27th. JPMorgan Chase & Co. lifted their target price on shares of Ralph Lauren from $285.00 to $342.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Argus upgraded Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price target on the stock in a research note on Tuesday, December 31st. Finally, Cfra Research upgraded Ralph Lauren from a “moderate sell” rating to a “hold” rating in a research note on Monday, April 14th. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $277.43.

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.