Vest Financial LLC Boosts Stock Position in Ralph Lauren Co. (NYSE:RL)

Vest Financial LLC grew its stake in shares of Ralph Lauren Co. (NYSE:RL) by 35.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 8,138 shares of the textile maker’s stock after buying an additional 2,113 shares during the period. Vest Financial LLC’s holdings in Ralph Lauren were worth $1,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Family Firm Inc. purchased a new stake in shares of Ralph Lauren during the second quarter worth $30,000. Gladius Capital Management LP purchased a new stake in shares of Ralph Lauren during the second quarter worth $31,000. Fidelis Capital Partners LLC purchased a new stake in shares of Ralph Lauren in the first quarter worth $42,000. Versant Capital Management Inc raised its position in shares of Ralph Lauren by 1,775.0% in the second quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after buying an additional 213 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in shares of Ralph Lauren in the first quarter worth $63,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Up 1.6 %

Shares of NYSE:RL opened at $206.24 on Monday. The stock’s 50-day moving average price is $182.04 and its 200-day moving average price is $175.27. Ralph Lauren Co. has a 12-month low of $109.59 and a 12-month high of $207.06. The stock has a market capitalization of $12.89 billion, a P/E ratio of 21.22, a price-to-earnings-growth ratio of 1.69 and a beta of 1.49. The company has a current ratio of 2.19, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Wednesday, August 7th. The textile maker reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.25. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the firm earned $2.34 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, equities analysts anticipate that Ralph Lauren Co. will post 11.23 earnings per share for the current 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 paid a $0.825 dividend. The ex-dividend date was Friday, September 27th. This represents a $3.30 annualized dividend and a dividend yield of 1.60%. Ralph Lauren’s payout ratio is presently 33.95%.

Wall Street Analysts Forecast Growth

RL has been the topic of a number of recent analyst reports. Cfra set a $171.00 price objective on Ralph Lauren in a research report on Thursday. Telsey Advisory Group restated an “outperform” rating and set a $207.00 price target on shares of Ralph Lauren 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 Friday, October 11th. Wells Fargo & Company raised their price target on Ralph Lauren from $175.00 to $195.00 and gave the company an “equal weight” rating in a research report on Thursday, September 26th. Finally, TD Cowen raised their price target on Ralph Lauren from $193.00 to $208.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Ralph Lauren presently has a consensus rating of “Moderate Buy” and a consensus target price of $187.36.

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.