Captrust Financial Advisors Raises Stock Position in Ralph Lauren Co. (NYSE:RL)

Captrust Financial Advisors raised its holdings in Ralph Lauren Co. (NYSE:RL) by 46.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,366 shares of the textile maker’s stock after purchasing an additional 1,066 shares during the quarter. Captrust Financial Advisors’ holdings in Ralph Lauren were worth $653,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RL. Swedbank AB boosted its stake in shares of Ralph Lauren by 18.5% in the second quarter. Swedbank AB now owns 385,000 shares of the textile maker’s stock worth $67,398,000 after buying an additional 60,000 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Ralph Lauren by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker’s stock worth $95,537,000 after purchasing an additional 13,640 shares in the last quarter. Bridgewater Associates LP grew its stake in shares of Ralph Lauren by 145.8% during the 3rd quarter. Bridgewater Associates LP now owns 59,927 shares of the textile maker’s stock worth $11,618,000 after purchasing an additional 35,550 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Ralph Lauren during the 3rd quarter valued at approximately $1,819,000. Finally, Quest Partners LLC lifted its stake in shares of Ralph Lauren by 210.1% in the 3rd quarter. Quest Partners LLC now owns 6,167 shares of the textile maker’s stock valued at $1,196,000 after purchasing an additional 4,178 shares during the period. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Stock Down 0.3 %

NYSE RL opened at $227.45 on Wednesday. Ralph Lauren Co. has a one year low of $132.13 and a one year high of $237.16. The company has a market cap of $14.12 billion, a P/E ratio of 21.68, a P/E/G ratio of 1.77 and a beta of 1.50. The business has a fifty day moving average price of $209.36 and a 200 day moving average price of $187.56. 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 posted its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. Ralph Lauren’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.10 earnings per share. Research analysts anticipate that Ralph Lauren Co. will post 11.71 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a dividend of $0.825 per share. The ex-dividend date was Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.45%. Ralph Lauren’s dividend payout ratio is currently 31.46%.

Analyst Ratings Changes

A number of research firms have weighed in on RL. Guggenheim lifted their price objective on shares of Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, October 28th. Raymond James lifted their price target on Ralph Lauren from $215.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. UBS Group increased their price target on Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Cfra set a $171.00 price objective on Ralph Lauren in a research report on Thursday, October 17th. Finally, StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $223.90.

About Ralph Lauren

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.