Ralph Lauren Co. (NYSE:RL) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. grew its stake in shares of Ralph Lauren Co. (NYSE:RL) by 1.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,999 shares of the textile maker’s stock after purchasing an additional 694 shares during the period. Principal Financial Group Inc. owned about 0.10% of Ralph Lauren worth $12,601,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bessemer Group Inc. lifted its stake in Ralph Lauren by 708.2% during the first quarter. Bessemer Group Inc. now owns 9,020 shares of the textile maker’s stock valued at $1,694,000 after buying an additional 7,904 shares in the last quarter. Sei Investments Co. lifted its position in shares of Ralph Lauren by 124.3% in 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 in the last quarter. UniSuper Management Pty Ltd lifted its position in shares of Ralph Lauren by 891.9% in the 1st quarter. UniSuper Management Pty Ltd now owns 5,009 shares of the textile maker’s stock valued at $940,000 after acquiring an additional 4,504 shares in the last quarter. CWM LLC grew its position in Ralph Lauren by 267.3% during the 2nd 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 in the last quarter. Finally, Swedbank AB raised its stake in Ralph Lauren by 18.5% during the 2nd quarter. Swedbank AB now owns 385,000 shares of the textile maker’s stock valued at $67,398,000 after purchasing an additional 60,000 shares during the period. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Trading Down 1.5 %

Ralph Lauren stock opened at $208.38 on Friday. Ralph Lauren Co. has a one year low of $119.86 and a one year high of $237.16. The company’s fifty day moving average price is $196.72 and its two-hundred day moving average price is $180.88. The company has a market capitalization of $12.91 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 1.62 and a beta of 1.49. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business earned $2.10 EPS. On average, analysts forecast that Ralph Lauren Co. will post 11.71 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

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 $0.825 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.58%. Ralph Lauren’s payout ratio is presently 31.46%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on RL shares. TD Cowen raised their target price on Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Guggenheim raised their price objective on Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Telsey Advisory Group reiterated an “outperform” rating and issued a $207.00 target price on shares of Ralph Lauren in a report on Thursday, November 7th. UBS Group raised their price target on shares of Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Cfra set a $171.00 price objective on shares of Ralph Lauren in a research note on Thursday, October 17th. Three 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 has an average rating of “Moderate Buy” and an average price target of $223.90.

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