Ralph Lauren Corporation (NYSE:RL) Shares Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. boosted its position in shares of Ralph Lauren Corporation (NYSE:RL - Free Report) by 13.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 22,590 shares of the textile maker's stock after acquiring an additional 2,684 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Ralph Lauren were worth $4,987,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its holdings in Ralph Lauren by 93.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 122 shares of the textile maker's stock valued at $27,000 after acquiring an additional 59 shares during the period. EverSource Wealth Advisors LLC grew its position in Ralph Lauren by 1,270.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker's stock valued at $32,000 after buying an additional 127 shares during the period. Sentry Investment Management LLC increased its holdings in Ralph Lauren by 178.0% in the first quarter. Sentry Investment Management LLC now owns 139 shares of the textile maker's stock valued at $31,000 after buying an additional 89 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Ralph Lauren by 281.1% in the fourth quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker's stock valued at $47,000 after buying an additional 149 shares in the last quarter. Finally, Pinpoint Asset Management Ltd increased its stake in shares of Ralph Lauren by 22,500.0% in the 4th quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker's stock valued at $52,000 after purchasing an additional 225 shares in the last quarter. Institutional investors and hedge funds own 67.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on RL. Jefferies Financial Group upped their price target on Ralph Lauren from $250.00 to $328.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. UBS Group set a $384.00 price target on Ralph Lauren and gave the stock a "buy" rating in a report on Friday, May 23rd. Bank of America upped their price target on Ralph Lauren from $318.00 to $328.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Citigroup increased their price objective on shares of Ralph Lauren from $250.00 to $295.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Finally, Barclays increased their price objective on shares of Ralph Lauren from $260.00 to $321.00 and gave the company an "overweight" rating in a report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $292.88.

Ralph Lauren Price Performance

Shares of Ralph Lauren stock traded down $2.87 on Friday, hitting $287.00. 526,385 shares of the company were exchanged, compared to its average volume of 807,989. The stock has a market capitalization of $17.31 billion, a price-to-earnings ratio of 24.72, a price-to-earnings-growth ratio of 2.22 and a beta of 1.49. The company has a 50-day moving average price of $270.64 and a 200 day moving average price of $248.20. Ralph Lauren Corporation has a 1-year low of $155.96 and a 1-year high of $295.52. The company has a quick ratio of 1.33, a current ratio of 1.78 and a debt-to-equity ratio of 0.38.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its earnings results on Thursday, May 22nd. The textile maker reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.27. The business had revenue of $1.70 billion for the quarter, compared to analysts' expectations of $1.64 billion. Ralph Lauren had a return on equity of 31.76% and a net margin of 10.49%. The business's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.71 EPS. As a group, sell-side analysts predict that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren declared that its board has approved a share repurchase plan on Thursday, May 22nd that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the textile maker to repurchase up to 8.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board believes its stock is undervalued.

Ralph Lauren Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be issued a $0.9125 dividend. The ex-dividend date is Friday, June 27th. This is a boost from Ralph Lauren's previous quarterly dividend of $0.83. This represents a $3.65 dividend on an annualized basis and a yield of 1.27%. Ralph Lauren's dividend payout ratio is currently 31.44%.

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.