Huntington National Bank Purchases 103 Shares of Ralph Lauren Co. (NYSE:RL)

Huntington National Bank raised its position in Ralph Lauren Co. (NYSE:RL) by 86.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 222 shares of the textile maker’s stock after purchasing an additional 103 shares during the quarter. Huntington National Bank’s holdings in Ralph Lauren were worth $43,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in RL. Pacer Advisors Inc. grew its stake in shares of Ralph Lauren by 12,493.8% in the second quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker’s stock worth $175,470,000 after purchasing an additional 994,385 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Ralph Lauren by 158.1% in the 2nd quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock valued at $149,478,000 after buying an additional 528,778 shares during the last quarter. Swedbank AB acquired a new stake in shares of Ralph Lauren in the first quarter valued at about $61,022,000. Vanguard Group Inc. raised its position in shares of Ralph Lauren by 4.3% during the first quarter. Vanguard Group Inc. now owns 4,908,575 shares of the textile maker’s stock worth $921,634,000 after acquiring an additional 203,495 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Ralph Lauren by 42.2% in the second quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker’s stock valued at $111,760,000 after acquiring an additional 189,600 shares during the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Stock Down 1.1 %

Shares of NYSE:RL opened at $205.53 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.18 and a current ratio of 1.72. Ralph Lauren Co. has a 52-week low of $120.95 and a 52-week high of $237.16. The business’s 50 day simple moving average is $198.06 and its two-hundred day simple moving average is $181.58. The firm has a market cap of $12.76 billion, a P/E ratio of 19.59, a PEG ratio of 1.60 and a beta of 1.49.

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

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a $0.825 dividend. The ex-dividend date was Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.61%. Ralph Lauren’s dividend payout ratio is presently 31.46%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on RL. Cfra set a $171.00 price target on shares of Ralph Lauren in a report on Thursday, October 17th. Wells Fargo & Company lifted their target price on shares of Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday. 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, November 7th. Finally, TD Cowen upped their target price on Ralph Lauren from $208.00 to $251.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Ralph Lauren presently has a consensus rating of “Moderate Buy” and a consensus target price of $223.90.

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.