Mercer Global Advisors Inc. ADV Has $554,000 Stake in Ralph Lauren Co. (NYSE:RL)

Mercer Global Advisors Inc. ADV raised its stake in Ralph Lauren Co. (NYSE:RL) by 8.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 3,166 shares of the textile maker’s stock after acquiring an additional 235 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Ralph Lauren were worth $554,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Family Firm Inc. acquired a new position in shares of Ralph Lauren during the second quarter valued at about $30,000. Gladius Capital Management LP bought a new position in Ralph Lauren during the 2nd quarter valued at $31,000. Fidelis Capital Partners LLC bought a new position in Ralph Lauren during the 1st quarter valued at $42,000. Versant Capital Management Inc boosted its holdings in Ralph Lauren by 1,775.0% during the second quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after purchasing an additional 213 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new stake in Ralph Lauren in the 1st quarter worth about $63,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Price Performance

RL stock opened at $196.49 on Friday. The firm has a 50 day moving average of $172.48 and a 200-day moving average of $173.90. The company has a current ratio of 2.19, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59. Ralph Lauren Co. has a 12 month low of $108.60 and a 12 month high of $200.17. The firm has a market capitalization of $12.17 billion, a P/E ratio of 20.22, a price-to-earnings-growth ratio of 1.56 and a beta of 1.49.

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

Ralph Lauren Dividend Announcement

The business also recently declared 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 of this dividend is Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.68%. Ralph Lauren’s dividend payout ratio is presently 33.95%.

Analyst Upgrades and Downgrades

RL has been the subject of a number of research analyst reports. Barclays increased their price target on Ralph Lauren from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Wells Fargo & Company increased their price target on shares of Ralph Lauren from $175.00 to $195.00 and gave the company an “equal weight” rating in a research report on Thursday. Telsey Advisory Group restated an “outperform” rating and set a $207.00 price target on shares of Ralph Lauren in a research note on Thursday. TD Cowen boosted their target price on Ralph Lauren from $193.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Argus reaffirmed a “hold” rating on shares of Ralph Lauren in a report on Tuesday, July 2nd. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ralph Lauren presently has a consensus rating of “Moderate Buy” and an average price target of $189.00.

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