AM Squared Ltd Purchases Shares of 300 Ralph Lauren Co. (NYSE:RL)

AM Squared Ltd purchased a new stake in Ralph Lauren Co. (NYSE:RL) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 300 shares of the textile maker’s stock, valued at approximately $58,000.

Several other hedge funds and other institutional investors have also made changes to their positions in RL. Pacer Advisors Inc. lifted its holdings in shares of Ralph Lauren by 12,493.8% during the 2nd quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker’s stock valued at $175,470,000 after acquiring an additional 994,385 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Ralph Lauren by 158.1% during the 2nd quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock valued at $149,478,000 after acquiring an additional 528,778 shares in the last quarter. Swedbank AB acquired a new position in shares of Ralph Lauren during the 1st quarter valued at $61,022,000. Vanguard Group Inc. lifted its holdings in shares of Ralph Lauren by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 4,908,575 shares of the textile maker’s stock valued at $921,634,000 after acquiring an additional 203,495 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of Ralph Lauren by 42.2% during the 2nd quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker’s stock valued at $111,760,000 after acquiring an additional 189,600 shares in the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Price Performance

RL opened at $208.38 on Friday. The company has a 50-day moving average of $196.72 and a 200-day moving average of $180.88. The company has a market capitalization of $12.91 billion, a P/E ratio of 19.86, a PEG ratio of 1.60 and a beta of 1.49. Ralph Lauren Co. has a 1-year low of $119.86 and a 1-year high of $237.16. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.18 and a current ratio of 1.72.

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

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren’s payout ratio is currently 31.46%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on RL. StockNews.com upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Cfra set a $171.00 price target on shares of Ralph Lauren in a research note on Thursday, October 17th. Barclays lifted their price target on shares of Ralph Lauren from $200.00 to $257.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. 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. Finally, 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, November 5th. Three 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, Ralph Lauren currently has a consensus rating of “Moderate Buy” and a consensus 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.