Tidal Investments LLC Decreases Stake in Ralph Lauren Co. (NYSE:RL)

Tidal Investments LLC decreased its position in Ralph Lauren Co. (NYSE:RL) by 2.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,789 shares of the textile maker’s stock after selling 559 shares during the quarter. Tidal Investments LLC’s holdings in Ralph Lauren were worth $3,836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Family Firm Inc. bought a new position in shares of Ralph Lauren in the 2nd quarter valued at about $30,000. Huntington National Bank boosted its holdings in shares of 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 purchasing an additional 103 shares during the period. True Wealth Design LLC increased its position in shares of Ralph Lauren by 8,933.3% during the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock valued at $53,000 after purchasing an additional 268 shares during the last quarter. AM Squared Ltd purchased a new stake in Ralph Lauren during the 3rd quarter valued at $58,000. Finally, Signaturefd LLC lifted its position in Ralph Lauren by 80.8% in the second quarter. Signaturefd LLC now owns 367 shares of the textile maker’s stock worth $64,000 after buying an additional 164 shares during the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on RL shares. Guggenheim boosted their price objective on shares of Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Telsey Advisory Group reissued an “outperform” rating and issued a $207.00 price objective on shares of Ralph Lauren in a research report on Thursday, November 7th. TD Cowen raised their price objective 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. Cfra set a $171.00 target price on Ralph Lauren in a research note on Thursday, October 17th. Finally, The Goldman Sachs Group raised their price target on Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $223.90.

Ralph Lauren Trading Up 0.6 %

RL opened at $227.45 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40. The stock’s fifty day moving average is $211.34 and its two-hundred day moving average is $188.53. The company has a market capitalization of $14.12 billion, a P/E ratio of 21.68, a PEG ratio of 1.69 and a beta of 1.50. Ralph Lauren Co. has a 52 week low of $134.90 and a 52 week high of $237.16.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results 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 return on equity of 29.44% and a net margin of 10.15%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the firm posted $2.10 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. Analysts forecast that Ralph Lauren Co. will post 11.71 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be given a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.45%. Ralph Lauren’s payout ratio 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.