Mitsubishi UFJ Trust & Banking Corp Boosts Stock Position in Ralph Lauren Co. (NYSE:RL)

Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Ralph Lauren Co. (NYSE:RL) by 62.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,585 shares of the textile maker’s stock after buying an additional 4,085 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Ralph Lauren were worth $2,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in RL. Keystone Investors PTE Ltd. purchased a new position in shares of Ralph Lauren in the 4th quarter valued at $2,264,000. Modern Wealth Management LLC purchased a new position in shares of Ralph Lauren during the fourth quarter worth about $217,000. Prudential Financial Inc. increased its position in shares of Ralph Lauren by 16.9% during the fourth quarter. Prudential Financial Inc. now owns 95,873 shares of the textile maker’s stock worth $22,145,000 after purchasing an additional 13,879 shares in the last quarter. Corebridge Financial Inc. lifted its holdings in shares of Ralph Lauren by 1.0% in the 4th quarter. Corebridge Financial Inc. now owns 10,189 shares of the textile maker’s stock valued at $2,353,000 after purchasing an additional 98 shares during the last quarter. Finally, LPL Financial LLC grew its stake in Ralph Lauren by 34.2% during the 4th quarter. LPL Financial LLC now owns 19,148 shares of the textile maker’s stock worth $4,423,000 after buying an additional 4,879 shares during the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on RL shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $265.00 price objective on shares of Ralph Lauren in a research note on Tuesday, February 4th. Raymond James downgraded shares of Ralph Lauren from an “outperform” rating to a “market perform” rating in a research report on Monday, January 27th. UBS Group lifted their price objective on shares of Ralph Lauren from $332.00 to $348.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Wells Fargo & Company upped their target price on shares of Ralph Lauren from $225.00 to $275.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. raised their price target on Ralph Lauren from $285.00 to $342.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $284.62.

Ralph Lauren Trading Up 2.4 %

NYSE:RL opened at $220.84 on Tuesday. Ralph Lauren Co. has a 1 year low of $155.96 and a 1 year 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 stock has a fifty day moving average price of $250.62 and a two-hundred day moving average price of $226.83. The stock has a market capitalization of $13.64 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 1.73 and a beta of 1.50.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) 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, sell-side analysts anticipate that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Friday, March 28th. Ralph Lauren’s dividend payout ratio is currently 30.11%.

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.