Ralph Lauren Co. (NYSE:RL) Shares Purchased by Swiss National Bank

Swiss National Bank lifted its holdings in Ralph Lauren Co. (NYSE:RL) by 3.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 79,600 shares of the textile maker’s stock after acquiring an additional 2,700 shares during the quarter. Swiss National Bank owned 0.13% of Ralph Lauren worth $15,432,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Claro Advisors LLC acquired a new stake in shares of Ralph Lauren in the third quarter worth $263,000. AM Squared Ltd purchased a new stake in Ralph Lauren during the third quarter worth $58,000. Mutual of America Capital Management LLC boosted its holdings in Ralph Lauren by 8.2% during the third quarter. Mutual of America Capital Management LLC now owns 16,911 shares of the textile maker’s stock worth $3,279,000 after buying an additional 1,283 shares in the last quarter. Natixis Advisors LLC boosted its holdings in Ralph Lauren by 3.9% during the third quarter. Natixis Advisors LLC now owns 13,343 shares of the textile maker’s stock worth $2,587,000 after buying an additional 502 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings in Ralph Lauren by 63.1% during the third quarter. Empowered Funds LLC now owns 3,576 shares of the textile maker’s stock worth $693,000 after buying an additional 1,383 shares in the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Wall Street Analyst Weigh In

RL has been the topic of a number of recent analyst reports. Raymond James increased their price target on shares of Ralph Lauren from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Guggenheim increased their price target on shares of Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, October 28th. TD Cowen increased their price target on shares of Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. StockNews.com raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Finally, The Goldman Sachs Group increased their price objective on shares of Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Ralph Lauren currently has a consensus rating of “Moderate Buy” and an average target price of $223.90.

Ralph Lauren Price Performance

Shares of NYSE RL opened at $212.15 on Friday. The firm has a 50-day simple moving average of $199.24 and a 200-day simple moving average of $181.90. The stock has a market capitalization of $13.17 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 1.58 and a beta of 1.49. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40. Ralph Lauren Co. has a 52 week low of $122.88 and a 52 week high of $237.16.

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

Ralph Lauren Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.56%. The ex-dividend date was Friday, September 27th. Ralph Lauren’s payout ratio is currently 31.46%.

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.