Sumitomo Mitsui Trust Group Inc. Grows Position in Ralph Lauren Corporation $RL

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Ralph Lauren Corporation (NYSE:RL) by 159.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,113 shares of the textile maker’s stock after acquiring an additional 6,213 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Ralph Lauren were worth $3,171,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in RL. Hantz Financial Services Inc. lifted its position in shares of Ralph Lauren by 1,228.6% during the second quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 86 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Ralph Lauren during the 2nd quarter worth approximately $28,000. MUFG Securities EMEA plc purchased a new position in shares of Ralph Lauren in the 2nd quarter worth approximately $32,000. Geneos Wealth Management Inc. grew its holdings in shares of Ralph Lauren by 57.1% in the second quarter. Geneos Wealth Management Inc. now owns 143 shares of the textile maker’s stock valued at $39,000 after acquiring an additional 52 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Ralph Lauren by 94.8% in the third quarter. Farther Finance Advisors LLC now owns 150 shares of the textile maker’s stock valued at $47,000 after acquiring an additional 73 shares in the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Down 1.6%

Ralph Lauren stock opened at $363.21 on Monday. The firm has a 50 day simple moving average of $356.84 and a 200 day simple moving average of $324.00. The company has a current ratio of 2.04, a quick ratio of 1.35 and a debt-to-equity ratio of 0.57. Ralph Lauren Corporation has a 1-year low of $176.61 and a 1-year high of $380.00. The firm has a market capitalization of $22.03 billion, a price-to-earnings ratio of 26.84, a P/E/G ratio of 1.65 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, November 6th. The textile maker reported $3.79 EPS for the quarter, topping analysts’ consensus estimates of $3.45 by $0.34. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.88 billion. Ralph Lauren had a return on equity of 36.18% and a net margin of 11.28%.The business’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period last year, the company earned $2.54 earnings per share. On average, analysts predict that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were issued a $0.9125 dividend. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, December 26th. Ralph Lauren’s dividend payout ratio is presently 26.98%.

Analyst Ratings Changes

A number of analysts recently commented on RL shares. TD Cowen lifted their price target on Ralph Lauren from $354.00 to $399.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ralph Lauren in a research note on Wednesday, October 8th. Wells Fargo & Company boosted their price target on shares of Ralph Lauren from $385.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. Jefferies Financial Group started coverage on shares of Ralph Lauren in a report on Wednesday, January 14th. They set a “buy” rating and a $425.00 price objective for the company. Finally, Guggenheim started coverage on shares of Ralph Lauren in a research report on Tuesday, December 9th. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $375.29.

Ralph Lauren Profile

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.