Trustmark Bank Trust Department Has $5.92 Million Stake in Ralph Lauren Corporation $RL

Trustmark Bank Trust Department increased its stake in shares of Ralph Lauren Corporation (NYSE:RL) by 6.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,573 shares of the textile maker’s stock after buying an additional 1,313 shares during the quarter. Trustmark Bank Trust Department’s holdings in Ralph Lauren were worth $5,917,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Mackenzie Financial Corp lifted its position in shares of Ralph Lauren by 5.5% during the 2nd quarter. Mackenzie Financial Corp now owns 131,006 shares of the textile maker’s stock valued at $35,932,000 after acquiring an additional 6,813 shares during the period. Skandinaviska Enskilda Banken AB publ raised its stake in Ralph Lauren by 139.0% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 3,676 shares of the textile maker’s stock valued at $1,008,000 after purchasing an additional 2,138 shares in the last quarter. Norges Bank bought a new stake in Ralph Lauren during the second quarter worth about $15,197,000. Quadrature Capital Ltd lifted its position in Ralph Lauren by 18.4% during the second quarter. Quadrature Capital Ltd now owns 5,493 shares of the textile maker’s stock worth $1,506,000 after purchasing an additional 854 shares during the period. Finally, Quadrant Capital Group LLC grew its stake in Ralph Lauren by 277.3% during the second quarter. Quadrant Capital Group LLC now owns 1,294 shares of the textile maker’s stock worth $355,000 after buying an additional 951 shares in the last quarter. Institutional investors own 67.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Needham & Company LLC boosted their target price on shares of Ralph Lauren from $335.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Ralph Lauren in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on Ralph Lauren from $423.00 to $430.00 and gave the stock an “overweight” rating in a research note on Friday, September 26th. Evercore ISI raised their target price on Ralph Lauren from $340.00 to $375.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Finally, Cowen reiterated a “buy” rating on shares of Ralph Lauren in a research note on Tuesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $347.13.

Ralph Lauren Trading Down 0.9%

NYSE RL opened at $367.71 on Friday. The company has a market cap of $22.30 billion, a price-to-earnings ratio of 29.37, a price-to-earnings-growth ratio of 1.63 and a beta of 1.61. Ralph Lauren Corporation has a twelve month low of $176.61 and a twelve month high of $374.00. The company has a quick ratio of 1.30, a current ratio of 1.84 and a debt-to-equity ratio of 0.58. The business’s fifty day moving average is $327.68 and its 200 day moving average is $301.77.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, November 6th. The textile maker reported $3.79 EPS for the quarter, beating the consensus estimate of $3.45 by $0.34. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the company earned $2.54 earnings per share. The business’s quarterly revenue was up 16.5% on a year-over-year basis. As a group, sell-side analysts expect that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were issued a $0.9125 dividend. This represents a $3.65 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, September 26th. Ralph Lauren’s dividend payout ratio (DPR) is 26.98%.

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.