Ensign Peak Advisors Inc Grows Stock Position in Ralph Lauren Co. (NYSE:RL)

Ensign Peak Advisors Inc boosted its position in Ralph Lauren Co. (NYSE:RL) by 41.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,624 shares of the textile maker’s stock after purchasing an additional 4,905 shares during the period. Ensign Peak Advisors Inc’s holdings in Ralph Lauren were worth $2,910,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Family Firm Inc. acquired a new stake in shares of Ralph Lauren in the second quarter valued at about $30,000. Gladius Capital Management LP acquired a new stake in shares of Ralph Lauren during the 2nd quarter valued at approximately $31,000. Versant Capital Management Inc boosted its stake in shares of Ralph Lauren by 1,775.0% during the 2nd quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after acquiring an additional 213 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of Ralph Lauren during the 1st quarter worth approximately $42,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Ralph Lauren in the 1st quarter worth approximately $63,000. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Price Performance

Ralph Lauren stock opened at $196.49 on Friday. The stock has a market capitalization of $12.17 billion, a P/E ratio of 20.22, a P/E/G ratio of 1.56 and a beta of 1.49. Ralph Lauren Co. has a 12-month low of $108.60 and a 12-month high of $200.17. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.53. The firm’s 50-day moving average is $172.48 and its two-hundred day moving average is $173.90.

Ralph Lauren (NYSE:RL) last announced its earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.25. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. Ralph Lauren’s revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.34 earnings per share. Equities analysts predict that Ralph Lauren Co. will post 11.23 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be given a dividend of $0.825 per share. The ex-dividend date is Friday, September 27th. This represents a $3.30 annualized dividend and a yield of 1.68%. Ralph Lauren’s dividend payout ratio (DPR) is presently 33.95%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RL. TD Cowen lifted their price objective on Ralph Lauren from $193.00 to $208.00 and gave the stock a “buy” rating in a report on Thursday. Argus reaffirmed a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, July 2nd. Telsey Advisory Group reissued an “outperform” rating and issued a $207.00 price objective on shares of Ralph Lauren in a research note on Thursday. Wells Fargo & Company lifted their target price on shares of Ralph Lauren from $175.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Barclays upped their price target on shares of Ralph Lauren from $195.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $189.00.

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