Quest Partners LLC Boosts Stake in Ralph Lauren Co. (NYSE:RL)

Quest Partners LLC lifted its stake in shares of Ralph Lauren Co. (NYSE:RL) by 210.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 6,167 shares of the textile maker’s stock after buying an additional 4,178 shares during the quarter. Quest Partners LLC’s holdings in Ralph Lauren were worth $1,196,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Family Firm Inc. bought a new position in Ralph Lauren in the 2nd quarter worth approximately $30,000. Gladius Capital Management LP bought a new position in Ralph Lauren in the 2nd quarter worth approximately $31,000. Huntington National Bank boosted its holdings in Ralph Lauren by 86.6% in the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after buying an additional 103 shares during the period. Versant Capital Management Inc boosted its holdings in Ralph Lauren by 1,775.0% in the 2nd quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after buying an additional 213 shares during the period. Finally, AM Squared Ltd bought a new position in Ralph Lauren in the 3rd quarter worth approximately $58,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on RL. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $207.00 price objective on shares of Ralph Lauren in a report on Thursday, November 7th. Guggenheim raised their price objective on shares of Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Raymond James raised their price target on shares of Ralph Lauren from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 8th. StockNews.com raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday. Finally, Wells Fargo & Company raised their price target on shares of Ralph Lauren from $195.00 to $205.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Ralph Lauren currently has a consensus rating of “Moderate Buy” and a consensus price target of $223.90.

Ralph Lauren Stock Performance

Ralph Lauren stock opened at $205.53 on Wednesday. The firm’s fifty day moving average price is $198.06 and its 200-day moving average price is $181.58. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.18 and a current ratio of 1.72. The stock has a market cap of $12.76 billion, a P/E ratio of 19.59, a price-to-earnings-growth ratio of 1.60 and a beta of 1.49. Ralph Lauren Co. has a fifty-two week low of $120.95 and a fifty-two week high of $237.16.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data 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 quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company posted $2.10 EPS. On average, equities research analysts expect that Ralph Lauren Co. will post 11.71 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren’s payout ratio is presently 31.46%.

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.