Trinity Street Asset Management LLP Has $20.06 Million Stock Position in Ralph Lauren Co. (NYSE:RL)

Trinity Street Asset Management LLP raised its holdings in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 21.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 139,075 shares of the textile maker's stock after acquiring an additional 24,189 shares during the quarter. Ralph Lauren makes up approximately 2.2% of Trinity Street Asset Management LLP's holdings, making the stock its 10th biggest position. Trinity Street Asset Management LLP owned approximately 0.22% of Ralph Lauren worth $20,055,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Bank of Nova Scotia boosted its holdings in shares of Ralph Lauren by 9.9% in the 3rd quarter. Bank of Nova Scotia now owns 2,761 shares of the textile maker's stock valued at $321,000 after buying an additional 249 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of Ralph Lauren by 71.9% in the 4th quarter. Raymond James & Associates now owns 80,043 shares of the textile maker's stock valued at $11,542,000 after buying an additional 33,489 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Ralph Lauren by 64.4% in the 3rd quarter. Deutsche Bank AG now owns 123,638 shares of the textile maker's stock valued at $14,353,000 after buying an additional 48,432 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Ralph Lauren in the 3rd quarter valued at approximately $827,000. Finally, Qsemble Capital Management LP acquired a new stake in Ralph Lauren during the 3rd quarter valued at $743,000. Institutional investors and hedge funds own 67.91% of the company's stock.

Ralph Lauren Stock Performance

RL stock traded up $0.81 during trading hours on Friday, hitting $171.95. 739,808 shares of the stock were exchanged, compared to its average volume of 933,168. The company has a current ratio of 2.17, a quick ratio of 1.54 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $10.99 billion, a P/E ratio of 19.50, a P/E/G ratio of 1.01 and a beta of 1.53. The company has a 50-day simple moving average of $175.98 and a two-hundred day simple moving average of $144.30. Ralph Lauren Co. has a 12 month low of $103.17 and a 12 month high of $192.03.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The textile maker reported $4.17 EPS for the quarter, topping analysts' consensus estimates of $3.53 by $0.64. Ralph Lauren had a return on equity of 25.88% and a net margin of 8.90%. The company had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.87 billion. During the same quarter last year, the business earned $3.35 earnings per share. Ralph Lauren's revenue was up 5.6% on a year-over-year basis. On average, analysts forecast that Ralph Lauren Co. will post 10.23 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Thursday, March 28th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Wednesday, March 27th. Ralph Lauren's payout ratio is currently 34.01%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. UBS Group raised their price target on Ralph Lauren from $188.00 to $190.00 and gave the company a "buy" rating in a report on Monday, February 5th. The Goldman Sachs Group raised their price target on Ralph Lauren from $132.00 to $151.00 and gave the company a "neutral" rating in a report on Friday, February 9th. Raymond James raised their price target on Ralph Lauren from $135.00 to $154.00 and gave the company an "outperform" rating in a report on Tuesday, January 30th. StockNews.com raised Ralph Lauren from a "hold" rating to a "buy" rating in a report on Monday, January 22nd. Finally, Wells Fargo & Company raised their price target on Ralph Lauren from $160.00 to $185.00 and gave the company an "equal weight" rating in a report on Monday, March 4th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, Ralph Lauren currently has an average rating of "Moderate Buy" and an average target price of $155.64.

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.