Wealth Enhancement Advisory Services LLC Has $1.69 Million Stock Holdings in Ralph Lauren Co. (NYSE:RL)

Wealth Enhancement Advisory Services LLC increased its holdings in shares of Ralph Lauren Co. (NYSE:RL) by 1.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,325 shares of the textile maker’s stock after purchasing an additional 118 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Ralph Lauren were worth $1,692,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of RL. Pacer Advisors Inc. increased its position in shares of Ralph Lauren by 12,493.8% during the second quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker’s stock worth $175,470,000 after acquiring an additional 994,385 shares in the last quarter. AQR Capital Management LLC increased its holdings in Ralph Lauren by 158.1% during the 2nd quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock worth $149,478,000 after purchasing an additional 528,778 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Ralph Lauren in the 3rd quarter valued at about $94,831,000. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Ralph Lauren by 3,520.3% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 120,231 shares of the textile maker’s stock valued at $21,047,000 after purchasing an additional 116,910 shares in the last quarter. Finally, World Investment Advisors LLC bought a new position in shares of Ralph Lauren during the third quarter worth about $19,320,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Ralph Lauren Stock Performance

RL opened at $236.85 on Thursday. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40. Ralph Lauren Co. has a 12-month low of $134.90 and a 12-month high of $245.92. The business has a 50 day moving average of $225.80 and a 200-day moving average of $196.35. The stock has a market cap of $14.71 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 1.69 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.11. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.10 EPS. On average, equities research analysts expect that Ralph Lauren Co. will post 11.71 earnings per share for the current year.

Ralph Lauren Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.39%. The ex-dividend date was Friday, December 27th. Ralph Lauren’s dividend payout ratio (DPR) is 31.46%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on RL shares. 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 note on Monday, October 21st. Guggenheim boosted their price target on shares of Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Wells Fargo & Company increased their price objective on shares of Ralph Lauren from $215.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. TD Cowen lifted their target price on Ralph Lauren from $208.00 to $251.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, UBS Group increased their price target on Ralph Lauren from $287.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $228.09.

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.