Grimes & Company Inc. Makes New $219,000 Investment in Ralph Lauren Co. (NYSE:RL)

Grimes & Company Inc. acquired a new stake in shares of Ralph Lauren Co. (NYSE:RL) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 950 shares of the textile maker’s stock, valued at approximately $219,000.

A number of other large investors also recently modified their holdings of the company. Huntington National Bank increased its stake in Ralph Lauren by 86.6% in the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after buying an additional 103 shares in the last quarter. True Wealth Design LLC grew its position in shares of Ralph Lauren by 8,933.3% during the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock worth $53,000 after purchasing an additional 268 shares in the last quarter. AM Squared Ltd purchased a new stake in shares of Ralph Lauren during the third quarter worth about $58,000. Versant Capital Management Inc raised its stake in Ralph Lauren by 333.3% during the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock valued at $81,000 after purchasing an additional 270 shares during the period. Finally, Quent Capital LLC lifted its holdings in Ralph Lauren by 181.7% in the 3rd quarter. Quent Capital LLC now owns 400 shares of the textile maker’s stock worth $78,000 after purchasing an additional 258 shares in the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Analyst Ratings Changes

RL has been the topic of several recent analyst reports. Argus upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price objective on the stock in a research report on Tuesday, December 31st. Cfra set a $171.00 price target on shares of Ralph Lauren in a research note on Thursday, October 17th. StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Wells Fargo & Company boosted their target price on Ralph Lauren from $215.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Finally, Raymond James raised their price target on Ralph Lauren from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $228.09.

Ralph Lauren Price Performance

Shares of Ralph Lauren stock opened at $256.17 on Monday. The stock has a market cap of $15.91 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 1.85 and a beta of 1.49. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.18 and a current ratio of 1.72. The stock has a 50 day moving average price of $231.00 and a 200-day moving average price of $200.48. Ralph Lauren Co. has a one year low of $139.49 and a one year high of $257.41.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, topping the consensus estimate of $2.43 by $0.11. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period in the previous year, the firm earned $2.10 earnings per share. Ralph Lauren’s quarterly revenue was up 5.7% compared to the same quarter last year. Equities analysts expect that Ralph Lauren Co. will post 11.75 EPS for the current year.

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Friday, December 27th. Ralph Lauren’s dividend payout ratio (DPR) is currently 31.46%.

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.