Delphi Management Inc. MA Has $1.65 Million Holdings in Ralph Lauren Co. (NYSE:RL)

Delphi Management Inc. MA raised its stake in Ralph Lauren Co. (NYSE:RL) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,403 shares of the textile maker’s stock after acquiring an additional 183 shares during the period. Delphi Management Inc. MA’s holdings in Ralph Lauren were worth $1,646,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bridgefront Capital LLC boosted its holdings in shares of Ralph Lauren by 251.5% in the 4th quarter. Bridgefront Capital LLC now owns 12,330 shares of the textile maker’s stock worth $1,778,000 after acquiring an additional 8,822 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Ralph Lauren by 11.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 63,743 shares of the textile maker’s stock valued at $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% in 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 during the last quarter. Artemis Investment Management LLP lifted its position in Ralph Lauren by 11,052.5% during the 1st quarter. Artemis Investment Management LLP now owns 177,548 shares of the textile maker’s stock worth $33,325,000 after buying an additional 175,956 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of Ralph Lauren by 124.3% in the first quarter. Sei Investments Co. now owns 32,173 shares of the textile maker’s stock worth $6,041,000 after acquiring an additional 17,827 shares during the last quarter. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Ralph Lauren Stock Down 1.4 %

Shares of NYSE RL opened at $193.87 on Tuesday. Ralph Lauren Co. has a 52-week low of $108.60 and a 52-week high of $200.17. 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 stock has a market cap of $12.12 billion, a P/E ratio of 19.95, a P/E/G ratio of 1.56 and a beta of 1.49. The firm has a 50 day moving average price of $172.99 and a 200 day moving average price of $173.88.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.25. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.49 billion. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.34 EPS. Analysts expect that Ralph Lauren Co. will post 11.23 EPS for the current year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be issued a $0.825 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $3.30 annualized dividend and a dividend yield of 1.70%. Ralph Lauren’s dividend payout ratio (DPR) is currently 33.95%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Barclays increased their price target on shares of Ralph Lauren from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Argus reiterated a “hold” rating on shares of Ralph Lauren in a research report on Tuesday, July 2nd. Wells Fargo & Company boosted their target price on Ralph Lauren from $175.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 26th. StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Telsey Advisory Group restated an “outperform” rating and set a $207.00 target price on shares of Ralph Lauren in a research report on Thursday, September 26th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $189.00.

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