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

Trustmark Bank Trust Department increased its stake in Ralph Lauren Corporation (NYSE:RL) by 6.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,573 shares of the textile maker’s stock after acquiring 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 institutional investors and hedge funds have also added to or reduced their stakes in RL. Invesco Ltd. raised its stake in Ralph Lauren by 22.3% during the first quarter. Invesco Ltd. now owns 1,512,903 shares of the textile maker’s stock worth $333,958,000 after buying an additional 275,391 shares during the last quarter. AQR Capital Management LLC grew its holdings in Ralph Lauren by 55.7% during the 1st quarter. AQR Capital Management LLC now owns 1,157,867 shares of the textile maker’s stock worth $245,468,000 after acquiring an additional 414,275 shares during the period. Geode Capital Management LLC raised its position in shares of Ralph Lauren by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,014,880 shares of the textile maker’s stock worth $277,818,000 after acquiring an additional 15,785 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Ralph Lauren by 13.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,007,745 shares of the textile maker’s stock valued at $276,407,000 after purchasing an additional 117,494 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Ralph Lauren by 0.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 490,045 shares of the textile maker’s stock valued at $134,410,000 after purchasing an additional 3,066 shares during the period. Institutional investors and hedge funds own 67.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RL. Cowen reiterated a “buy” rating on shares of Ralph Lauren in a report on Tuesday, September 30th. UBS Group raised their price objective on shares of Ralph Lauren from $421.00 to $435.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Wells Fargo & Company boosted their target price on shares of Ralph Lauren from $320.00 to $345.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. Weiss Ratings restated a “buy (b)” rating on shares of Ralph Lauren in a report on Wednesday, October 8th. Finally, TD Cowen upped their price objective on shares of Ralph Lauren from $354.00 to $399.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Two 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $347.13.

Ralph Lauren Stock Performance

NYSE RL opened at $367.71 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.30 and a debt-to-equity ratio of 0.58. The company has a fifty day simple moving average of $327.68 and a 200 day simple moving average of $301.77. Ralph Lauren Corporation has a 12-month low of $176.61 and a 12-month high of $374.00. The company has a market cap of $22.30 billion, a P/E ratio of 29.37, a PEG ratio of 1.63 and a beta of 1.61.

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

Ralph Lauren Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were paid a dividend of $0.9125 per share. The ex-dividend date was Friday, September 26th. This represents a $3.65 dividend on an annualized basis and a yield of 1.0%. Ralph Lauren’s payout ratio is 26.98%.

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.