Bank of Montreal Can Decreases Stake in Ralph Lauren Co. (NYSE:RL)

Bank of Montreal Can cut its position in Ralph Lauren Co. (NYSE:RL) by 2.4% during the third quarter, HoldingsChannel reports. The firm owned 58,356 shares of the textile maker’s stock after selling 1,428 shares during the quarter. Bank of Montreal Can’s holdings in Ralph Lauren were worth $11,469,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC increased its holdings in Ralph Lauren by 267.3% in the second quarter. CWM LLC now owns 5,804 shares of the textile maker’s stock valued at $1,016,000 after buying an additional 4,224 shares during the last quarter. Swedbank AB lifted its holdings in Ralph Lauren by 18.5% during the 2nd quarter. Swedbank AB now owns 385,000 shares of the textile maker’s stock worth $67,398,000 after buying an additional 60,000 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Ralph Lauren by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker’s stock worth $95,537,000 after acquiring an additional 13,640 shares in the last quarter. Quest Partners LLC increased its holdings in shares of Ralph Lauren by 210.1% in the 3rd quarter. Quest Partners LLC now owns 6,167 shares of the textile maker’s stock valued at $1,196,000 after acquiring an additional 4,178 shares during the last quarter. Finally, Comerica Bank raised its position in shares of Ralph Lauren by 166.9% during the 1st quarter. Comerica Bank now owns 20,127 shares of the textile maker’s stock worth $3,779,000 after acquiring an additional 12,585 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on RL shares. Guggenheim upped their price target on Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, October 28th. UBS Group upped their target price on shares of Ralph Lauren from $287.00 to $300.00 and gave the company a “buy” rating in a report on Friday, November 8th. StockNews.com upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Cfra set a $171.00 price objective on shares of Ralph Lauren in a research note on Thursday, October 17th. Finally, The Goldman Sachs Group raised their price objective on Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $223.90.

Ralph Lauren Trading Up 3.9 %

NYSE RL opened at $231.40 on Monday. Ralph Lauren Co. has a one year low of $127.68 and a one year high of $237.16. The firm has a market cap of $14.37 billion, a PE ratio of 22.06, a P/E/G ratio of 1.78 and a beta of 1.49. The firm’s fifty day moving average is $203.93 and its two-hundred day moving average is $184.33. 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 (NYSE:RL) last issued 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 return on equity of 29.44% and a net margin of 10.15%. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the previous year, the firm posted $2.10 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Analysts expect that Ralph Lauren Co. will post 11.71 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren’s dividend payout ratio is presently 31.46%.

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