Raymond James & Associates Increases Position in Ralph Lauren Co. (NYSE:RL)

Raymond James & Associates raised its holdings in Ralph Lauren Co. (NYSE:RL) by 4.7% in the third quarter, Holdings Channel reports. The fund owned 64,743 shares of the textile maker’s stock after buying an additional 2,912 shares during the period. Raymond James & Associates’ holdings in Ralph Lauren were worth $12,552,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Ralph Lauren by 11.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 63,743 shares of the textile maker’s stock worth $11,968,000 after buying an additional 6,378 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Ralph Lauren by 708.2% during the 1st quarter. Bessemer Group Inc. now owns 9,020 shares of the textile maker’s stock worth $1,694,000 after acquiring an additional 7,904 shares during the period. Sei Investments Co. boosted its position in shares of Ralph Lauren by 124.3% during the 1st quarter. Sei Investments Co. now owns 32,173 shares of the textile maker’s stock valued at $6,041,000 after acquiring an additional 17,827 shares during the last quarter. UniSuper Management Pty Ltd grew its holdings in shares of Ralph Lauren by 891.9% in the first quarter. UniSuper Management Pty Ltd now owns 5,009 shares of the textile maker’s stock valued at $940,000 after purchasing an additional 4,504 shares during the period. Finally, CWM LLC increased its position in Ralph Lauren by 267.3% during the second quarter. CWM LLC now owns 5,804 shares of the textile maker’s stock worth $1,016,000 after purchasing an additional 4,224 shares during the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RL has been the topic of several recent analyst reports. Cfra set a $171.00 target price on shares of Ralph Lauren in a report on Thursday, October 17th. Wells Fargo & Company increased their price objective on Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. TD Cowen lifted their target price on Ralph Lauren from $193.00 to $208.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $207.00 price target on shares of Ralph Lauren in a research note on Thursday, September 26th. Finally, StockNews.com downgraded Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Ralph Lauren currently has a consensus rating of “Moderate Buy” and an average price target of $192.09.

Ralph Lauren Trading Down 0.2 %

NYSE RL opened at $197.59 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 2.19. The firm has a market cap of $12.35 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 1.63 and a beta of 1.49. The firm has a 50 day simple moving average of $185.78 and a 200-day simple moving average of $176.31. Ralph Lauren Co. has a one year low of $109.59 and a one year high of $207.06.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Wednesday, August 7th. The textile maker reported $2.70 EPS for the quarter, beating the consensus estimate of $2.45 by $0.25. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the company posted $2.34 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. Equities research analysts anticipate that Ralph Lauren Co. will post 11.23 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.67%. Ralph Lauren’s payout ratio is 33.95%.

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.