US Bancorp DE Has $326,000 Stock Holdings in Ralph Lauren Corporation (NYSE:RL)

US Bancorp DE increased its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 10.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 1,478 shares of the textile maker’s stock after acquiring an additional 140 shares during the quarter. US Bancorp DE’s holdings in Ralph Lauren were worth $326,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in RL. Wells Fargo & Company MN boosted its position in Ralph Lauren by 4.7% during the 4th quarter. Wells Fargo & Company MN now owns 43,370 shares of the textile maker’s stock worth $10,018,000 after buying an additional 1,939 shares during the period. Federated Hermes Inc. boosted its position in Ralph Lauren by 962.5% during the 4th quarter. Federated Hermes Inc. now owns 680 shares of the textile maker’s stock worth $157,000 after buying an additional 616 shares during the period. Raymond James Financial Inc. acquired a new stake in Ralph Lauren during the 4th quarter worth approximately $16,848,000. Sterling Capital Management LLC boosted its position in Ralph Lauren by 59.4% during the 4th quarter. Sterling Capital Management LLC now owns 2,383 shares of the textile maker’s stock worth $550,000 after buying an additional 888 shares during the period. Finally, Townsquare Capital LLC boosted its position in Ralph Lauren by 16.0% during the 4th quarter. Townsquare Capital LLC now owns 1,982 shares of the textile maker’s stock worth $458,000 after buying an additional 274 shares during the period. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on RL shares. BMO Capital Markets lifted their target price on shares of Ralph Lauren from $197.00 to $205.00 and gave the stock an “underperform” rating in a research report on Friday, May 23rd. Evercore ISI boosted their price target on shares of Ralph Lauren from $320.00 to $335.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Wall Street Zen downgraded shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. Cowen restated a “buy” rating on shares of Ralph Lauren in a research report on Thursday, May 22nd. Finally, Jefferies Financial Group boosted their price target on shares of Ralph Lauren from $250.00 to $328.00 and gave the stock a “buy” rating in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $306.41.

Ralph Lauren Stock Performance

NYSE:RL opened at $302.25 on Thursday. The company has a fifty day moving average of $283.53 and a 200-day moving average of $257.34. The firm has a market capitalization of $18.23 billion, a P/E ratio of 24.14, a P/E/G ratio of 1.51 and a beta of 1.53. The company has a quick ratio of 1.30, a current ratio of 1.84 and a debt-to-equity ratio of 0.58. Ralph Lauren Corporation has a twelve month low of $158.37 and a twelve month high of $306.34.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, August 7th. The textile maker reported $3.77 earnings per share for the quarter, beating the consensus estimate of $3.50 by $0.27. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.65 billion. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. Ralph Lauren’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.70 EPS. As a group, sell-side analysts anticipate that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were paid a dividend of $0.9125 per share. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.83. The ex-dividend date was Friday, June 27th. This represents a $3.65 dividend on an annualized basis and a yield of 1.2%. Ralph Lauren’s dividend payout ratio (DPR) is presently 29.15%.

Ralph Lauren announced that its Board of Directors has approved a share buyback plan on Thursday, May 22nd that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the textile maker to reacquire up to 8.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

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.