Foundations Investment Advisors LLC Purchases Shares of 1,318 Ralph Lauren Co. (NYSE:RL)

Foundations Investment Advisors LLC acquired a new position in Ralph Lauren Co. (NYSE:RL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,318 shares of the textile maker’s stock, valued at approximately $255,000.

A number of other hedge funds have also made changes to their positions in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Ralph Lauren by 11.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 63,743 shares of the textile maker’s stock worth $11,968,000 after acquiring an additional 6,378 shares during the period. Bessemer Group Inc. grew its holdings in Ralph Lauren by 708.2% during the 1st quarter. Bessemer Group Inc. now owns 9,020 shares of the textile maker’s stock valued at $1,694,000 after purchasing an additional 7,904 shares in the last quarter. Sei Investments Co. increased its stake in Ralph Lauren by 124.3% during the 1st quarter. Sei Investments Co. now owns 32,173 shares of the textile maker’s stock worth $6,041,000 after buying an additional 17,827 shares during the period. UniSuper Management Pty Ltd lifted its holdings in Ralph Lauren by 891.9% in the 1st quarter. UniSuper Management Pty Ltd now owns 5,009 shares of the textile maker’s stock worth $940,000 after buying an additional 4,504 shares in the last quarter. Finally, CWM LLC lifted its holdings in Ralph Lauren by 267.3% in the 2nd quarter. CWM LLC now owns 5,804 shares of the textile maker’s stock worth $1,016,000 after buying an additional 4,224 shares in the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Barclays lifted their target price on Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Argus reaffirmed a “hold” rating on shares of Ralph Lauren in a research report on Tuesday, July 2nd. The Goldman Sachs Group raised their price target on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Cfra set a $171.00 price target on shares of Ralph Lauren in a report on Thursday, October 17th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $207.00 price objective on shares of Ralph Lauren in a report on Thursday, September 26th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $192.09.

Ralph Lauren Price Performance

Shares of NYSE:RL opened at $197.59 on Friday. The company has a market cap of $12.24 billion, a PE ratio of 19.05, a P/E/G ratio of 1.63 and a beta of 1.49. Ralph Lauren Co. has a fifty-two week low of $109.59 and a fifty-two week high of $207.06. The firm has a 50-day simple moving average of $185.78 and a 200 day simple moving average of $176.24. The company has a quick ratio of 1.53, a current ratio of 2.19 and a debt-to-equity ratio of 0.59.

Ralph Lauren (NYSE:RL) last posted its earnings results on Wednesday, August 7th. The textile maker reported $2.70 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 return on equity of 28.79% and a net margin of 10.27%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.34 earnings per share. On average, sell-side analysts anticipate that Ralph Lauren Co. will post 11.23 EPS for the current year.

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren’s payout ratio is 31.82%.

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.