Ralph Lauren Co. (NYSE:RL) Shares Bought by Creative Planning

Creative Planning grew its holdings in shares of Ralph Lauren Co. (NYSE:RL) by 15.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,952 shares of the textile maker’s stock after purchasing an additional 261 shares during the period. Creative Planning’s holdings in Ralph Lauren were worth $342,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. CWM LLC raised its holdings in Ralph Lauren by 161.6% in the first quarter. CWM LLC now owns 1,580 shares of the textile maker’s stock valued at $297,000 after acquiring an additional 976 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Ralph Lauren during the 1st quarter worth $64,000. Fulton Bank N.A. grew its stake in shares of Ralph Lauren by 41.4% during the first quarter. Fulton Bank N.A. now owns 2,515 shares of the textile maker’s stock worth $472,000 after purchasing an additional 736 shares in the last quarter. Radnor Capital Management LLC purchased a new position in shares of Ralph Lauren in the 1st quarter valued at about $314,000. Finally, Artemis Investment Management LLP raised its holdings in Ralph Lauren by 11,052.5% during the first quarter. Artemis Investment Management LLP now owns 177,548 shares of the textile maker’s stock worth $33,325,000 after purchasing an additional 175,956 shares in the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Trading Up 0.4 %

Shares of RL stock opened at $202.94 on Friday. Ralph Lauren Co. has a 12 month low of $109.59 and a 12 month high of $206.74. The company has a market cap of $12.57 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 1.69 and a beta of 1.49. The company has a quick ratio of 1.53, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The business’s 50 day moving average is $181.15 and its two-hundred day moving average is $175.13.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.25. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the firm earned $2.34 EPS. The business’s revenue was up 1.0% on a year-over-year basis. Equities analysts predict that Ralph Lauren Co. will post 11.23 EPS for the current year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren’s payout ratio is currently 31.82%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. TD Cowen upped their target price on Ralph Lauren from $193.00 to $208.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. StockNews.com upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Friday, October 11th. Wells Fargo & Company lifted their target price on shares of Ralph Lauren from $175.00 to $195.00 and gave the company an “equal weight” rating in a report on Thursday, September 26th. Argus reiterated a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, July 2nd. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $207.00 price objective on shares of Ralph Lauren in a research note on Thursday, September 26th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $189.00.

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.