Capital Performance Advisors LLP Buys New Stake in Ralph Lauren Co. (NYSE:RL)

Capital Performance Advisors LLP bought a new stake in shares of Ralph Lauren Co. (NYSE:RL) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 627 shares of the textile maker’s stock, valued at approximately $122,000.

Other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. grew its stake in shares of Ralph Lauren by 12,493.8% in the 2nd quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker’s stock worth $175,470,000 after buying an additional 994,385 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Ralph Lauren by 158.1% in the 2nd quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock worth $149,478,000 after buying an additional 528,778 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Ralph Lauren by 15,903.6% in the 1st quarter. Acadian Asset Management LLC now owns 448,902 shares of the textile maker’s stock worth $84,266,000 after buying an additional 446,097 shares in the last quarter. Swedbank AB purchased a new position in shares of Ralph Lauren in the 1st quarter worth $61,022,000. Finally, Vanguard Group Inc. grew its stake in shares of Ralph Lauren by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 4,908,575 shares of the textile maker’s stock worth $921,634,000 after buying an additional 203,495 shares in the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Trading Up 0.4 %

Shares of RL opened at $222.58 on Friday. Ralph Lauren Co. has a 1-year low of $113.92 and a 1-year high of $237.16. The company has a 50-day moving average of $192.92 and a 200 day moving average of $179.25. The firm has a market capitalization of $13.79 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 1.65 and a beta of 1.49. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.53.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The company 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 firm’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, research analysts expect that Ralph Lauren Co. will post 11.33 EPS for the current year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.48%. Ralph Lauren’s payout ratio is 31.46%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on RL shares. Telsey Advisory Group reissued an “outperform” rating and issued a $207.00 price objective on shares of Ralph Lauren in a research note on Thursday. Wells Fargo & Company lifted their price target on shares of Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. TD Cowen lifted their price target on shares of Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a research note on Tuesday. Cfra set a $171.00 price target on shares of Ralph Lauren in a research note on Thursday, October 17th. Finally, The Goldman Sachs Group lifted 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. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $223.90.

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.