9,381 Shares in Ralph Lauren Co. (NYSE:RL) Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Ralph Lauren Co. (NYSE:RL) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,381 shares of the textile maker’s stock, valued at approximately $1,819,000.

Other large investors have also bought and sold shares of the company. CWM LLC increased its position in shares of Ralph Lauren by 267.3% during the second 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 during the period. Swedbank AB grew 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 acquiring an additional 60,000 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Ralph Lauren by 2.8% in 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 lifted its stake 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 purchasing an additional 4,178 shares during the period. Finally, Comerica Bank boosted 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 valued at $3,779,000 after purchasing an additional 12,585 shares in the last quarter. 67.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Guggenheim lifted their target price on Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, October 28th. UBS Group lifted their price objective on shares of Ralph Lauren from $287.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, November 8th. TD Cowen increased their target price on shares of Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Raymond James lifted their price target on shares of Ralph Lauren from $215.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Wells Fargo & Company increased their price objective on shares of Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Ralph Lauren has a consensus rating of “Moderate Buy” and a consensus target price of $223.90.

Ralph Lauren Stock Performance

Shares of RL stock opened at $231.40 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18. The firm has a 50-day moving average of $203.93 and a 200-day moving average of $184.33. Ralph Lauren Co. has a one year low of $127.68 and a one year high of $237.16. The company has a market cap of $14.37 billion, a P/E ratio of 22.06, a P/E/G ratio of 1.78 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, beating the consensus estimate of $2.43 by $0.11. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the business posted $2.10 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities research analysts forecast that Ralph Lauren Co. will post 11.71 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders 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 dividend on an annualized basis and a yield of 1.43%. Ralph Lauren’s dividend payout ratio (DPR) 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.