Mercer Global Advisors Inc. ADV Has $246,000 Stock Holdings in Ralph Lauren Co. (NYSE:RL)

Mercer Global Advisors Inc. ADV reduced its position in Ralph Lauren Co. (NYSE:RL – Get Rating) by 11.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,332 shares of the textile maker’s stock after selling 312 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Ralph Lauren were worth $246,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Sentry Investment Management LLC boosted its stake in shares of Ralph Lauren by 254.3% during the 4th quarter. Sentry Investment Management LLC now owns 287 shares of the textile maker’s stock worth $30,000 after acquiring an additional 206 shares during the period. US Asset Management LLC acquired a new position in shares of Ralph Lauren in the fourth quarter valued at $33,000. Ronald Blue Trust Inc. raised its position in shares of Ralph Lauren by 125.5% in the fourth quarter. Ronald Blue Trust Inc. now owns 433 shares of the textile maker’s stock valued at $36,000 after purchasing an additional 241 shares during the period. Asset Management One Co. Ltd. lifted its stake in shares of Ralph Lauren by 52.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 536 shares of the textile maker’s stock worth $56,000 after buying an additional 185 shares during the last quarter. Finally, South Dakota Investment Council bought a new stake in shares of Ralph Lauren during the 3rd quarter worth about $51,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on RL shares. BMO Capital Markets cut shares of Ralph Lauren from a “market perform” rating to an “underperform” rating and increased their price target for the company from $96.00 to $100.00 in a report on Friday, January 27th. Deutsche Bank Aktiengesellschaft boosted their price target on Ralph Lauren from $97.00 to $114.00 and gave the company a “hold” rating in a research note on Monday, February 6th. The Goldman Sachs Group increased their price objective on Ralph Lauren from $90.00 to $100.00 and gave the stock a “sell” rating in a research report on Friday, February 10th. Credit Suisse Group boosted their target price on shares of Ralph Lauren from $115.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, February 10th. Finally, OTR Global raised shares of Ralph Lauren to a “positive” rating in a research report on Friday, April 28th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $129.00.

Ralph Lauren Stock Up 5.3 %

Shares of RL opened at $114.00 on Friday. The firm has a 50 day simple moving average of $113.62 and a two-hundred day simple moving average of $113.26. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.08 and a quick ratio of 1.37. Ralph Lauren Co. has a one year low of $82.23 and a one year high of $128.94. The company has a market cap of $7.52 billion, a P/E ratio of 15.30, a P/E/G ratio of 1.27 and a beta of 1.39.

Ralph Lauren (NYSE:RL – Get Rating) last posted its quarterly earnings results on Thursday, May 25th. The textile maker reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.25. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Ralph Lauren had a return on equity of 22.88% and a net margin of 8.01%. Ralph Lauren’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.49 EPS. Research analysts forecast that Ralph Lauren Co. will post 8.12 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Friday, March 31st were paid a $0.75 dividend. The ex-dividend date of this dividend was Thursday, March 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.63%. Ralph Lauren’s payout ratio is currently 40.27%.

Ralph Lauren Profile

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Ralph Lauren Corp. engages in the design, marketing, and distribution of luxury lifestyle products, including apparel, footwear and accessories, home, fragrances, and hospitality categories. The firm offers products under the brands of Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, and Chaps.