Mercer Global Advisors Inc. ADV Buys 604 Shares of Ralph Lauren Co. (NYSE:RL)

Mercer Global Advisors Inc. ADV boosted its position in shares of Ralph Lauren Co. (NYSE:RL) by 15.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,461 shares of the textile maker’s stock after acquiring an additional 604 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Ralph Lauren were worth $1,030,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Mather Group LLC. raised its position in shares of Ralph Lauren by 4.1% during the 4th quarter. Mather Group LLC. now owns 1,182 shares of the textile maker’s stock valued at $273,000 after purchasing an additional 47 shares during the period. Asset Management One Co. Ltd. raised its holdings in Ralph Lauren by 6.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,005 shares of the textile maker’s stock valued at $231,000 after acquiring an additional 62 shares during the period. TD Private Client Wealth LLC lifted its position in shares of Ralph Lauren by 19.6% in the fourth quarter. TD Private Client Wealth LLC now owns 446 shares of the textile maker’s stock valued at $103,000 after acquiring an additional 73 shares in the last quarter. Twin Capital Management Inc. boosted its stake in shares of Ralph Lauren by 1.5% in the fourth quarter. Twin Capital Management Inc. now owns 5,659 shares of the textile maker’s stock worth $1,307,000 after acquiring an additional 85 shares during the period. Finally, Atomi Financial Group Inc. grew its position in shares of Ralph Lauren by 7.4% during the fourth quarter. Atomi Financial Group Inc. now owns 1,274 shares of the textile maker’s stock worth $294,000 after purchasing an additional 88 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 subject of a number of research analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $265.00 price objective on shares of Ralph Lauren in a report on Tuesday, February 4th. The Goldman Sachs Group set a $262.00 price target on shares of Ralph Lauren in a report on Tuesday, April 22nd. StockNews.com downgraded shares of Ralph Lauren from a “buy” rating to a “hold” rating in a report on Tuesday. Jefferies Financial Group boosted their target price on Ralph Lauren from $285.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, BNP Paribas raised Ralph Lauren to a “strong-buy” rating in a research note on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Ralph Lauren currently has a consensus rating of “Moderate Buy” and an average price target of $272.14.

Ralph Lauren Price Performance

RL opened at $248.85 on Friday. The business has a fifty day moving average of $218.95 and a 200 day moving average of $230.55. The stock has a market cap of $15.37 billion, a P/E ratio of 22.71, a PEG ratio of 1.73 and a beta of 1.44. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. Ralph Lauren Co. has a 52-week low of $155.96 and a 52-week high of $289.33.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, topping 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 EPS for the current year.

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, March 28th. Ralph Lauren’s dividend payout ratio (DPR) is presently 30.11%.

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.