Ralph Lauren Co. (NYSE:RL) Shares Bought by Trustmark National Bank Trust Department

Trustmark National Bank Trust Department increased its stake in Ralph Lauren Co. (NYSE:RL) by 8.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,397 shares of the textile maker’s stock after purchasing an additional 1,142 shares during the quarter. Trustmark National Bank Trust Department’s holdings in Ralph Lauren were worth $2,791,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Cypress Capital Group boosted its stake in shares of Ralph Lauren by 83.6% during the 3rd quarter. Cypress Capital Group now owns 6,653 shares of the textile maker’s stock worth $1,290,000 after acquiring an additional 3,029 shares in the last quarter. Landscape Capital Management L.L.C. boosted its position in Ralph Lauren by 95.2% during the third quarter. Landscape Capital Management L.L.C. now owns 33,133 shares of the textile maker’s stock worth $6,423,000 after purchasing an additional 16,163 shares in the last quarter. King Luther Capital Management Corp boosted its position in Ralph Lauren by 4.8% during the third quarter. King Luther Capital Management Corp now owns 154,665 shares of the textile maker’s stock worth $29,985,000 after purchasing an additional 7,134 shares in the last quarter. Jennison Associates LLC grew its holdings in Ralph Lauren by 13.2% in the third quarter. Jennison Associates LLC now owns 520,393 shares of the textile maker’s stock valued at $100,889,000 after purchasing an additional 60,610 shares during the last quarter. Finally, Commerce Bank increased its position 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. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on RL. Barclays increased their price objective on shares of Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. StockNews.com upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday. Guggenheim lifted their price objective on Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. TD Cowen increased their target price on Ralph Lauren from $208.00 to $251.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, Cfra set a $171.00 price target on Ralph Lauren in a report on Thursday, October 17th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $223.90.

Ralph Lauren Stock Down 1.6 %

Shares of NYSE RL opened at $202.15 on Thursday. The stock has a market capitalization of $12.55 billion, a PE ratio of 19.27, a P/E/G ratio of 1.58 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. The firm has a fifty day moving average of $198.61 and a 200-day moving average of $181.72. Ralph Lauren Co. has a 52-week low of $120.95 and a 52-week high of $237.16.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.10 earnings per share. On average, analysts anticipate that Ralph Lauren Co. will post 11.71 EPS for the current year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $3.30 annualized dividend and a dividend yield of 1.63%. Ralph Lauren’s payout ratio is 31.46%.

Ralph Lauren Company 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.