Ralph Lauren Co. (NYSE:RL) Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC boosted its holdings in Ralph Lauren Co. (NYSE:RL) by 20.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,014 shares of the textile maker’s stock after acquiring an additional 514 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Ralph Lauren were worth $528,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Acadian Asset Management LLC lifted its stake in shares of Ralph Lauren by 15,903.6% in the 1st quarter. Acadian Asset Management LLC now owns 448,902 shares of the textile maker’s stock worth $84,266,000 after acquiring an additional 446,097 shares during the period. Swedbank AB acquired a new stake in Ralph Lauren in the first quarter worth approximately $61,022,000. Los Angeles Capital Management LLC boosted its stake in Ralph Lauren by 10,207.7% during the 1st quarter. Los Angeles Capital Management LLC now owns 325,208 shares of the textile maker’s stock valued at $61,061,000 after purchasing an additional 322,053 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Ralph Lauren by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 4,908,575 shares of the textile maker’s stock valued at $921,634,000 after purchasing an additional 203,495 shares during the period. Finally, Artemis Investment Management LLP raised its stake in shares of Ralph Lauren by 11,052.5% in the 1st quarter. Artemis Investment Management LLP now owns 177,548 shares of the textile maker’s stock worth $33,325,000 after buying an additional 175,956 shares in the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

Shares of Ralph Lauren stock opened at $197.73 on Friday. Ralph Lauren Co. has a 12 month low of $108.60 and a 12 month high of $197.83. The company has a quick ratio of 1.53, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The stock has a market cap of $12.36 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 1.52 and a beta of 1.49. The business has a fifty day simple moving average of $171.86 and a 200-day simple moving average of $173.78.

Ralph Lauren (NYSE:RL) last released its earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.25. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.34 EPS. On average, sell-side analysts anticipate that Ralph Lauren Co. will post 11.23 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be paid a $0.825 dividend. The ex-dividend date is Friday, September 27th. This represents a $3.30 annualized dividend and a yield of 1.67%. Ralph Lauren’s dividend payout ratio is presently 33.95%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Argus reaffirmed a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, July 2nd. StockNews.com lowered shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Friday, September 6th. Barclays boosted their target price on shares of Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. TD Cowen raised their target price on shares of Ralph Lauren from $193.00 to $208.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $207.00 price target on shares of Ralph Lauren in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $189.00.

About Ralph Lauren

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.