Ralph Lauren Co. (NYSE:RL) Shares Purchased by abrdn plc

abrdn plc raised its position in shares of Ralph Lauren Co. (NYSE:RL) by 135.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,273 shares of the textile maker’s stock after purchasing an additional 4,184 shares during the quarter. abrdn plc’s holdings in Ralph Lauren were worth $1,049,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in RL. Financial Gravity Asset Management Inc. grew its position in shares of Ralph Lauren by 99.2% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 245 shares of the textile maker’s stock valued at $28,000 after buying an additional 122 shares during the last quarter. Spire Wealth Management boosted its stake in Ralph Lauren by 47.9% in the third quarter. Spire Wealth Management now owns 315 shares of the textile maker’s stock valued at $37,000 after acquiring an additional 102 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Ralph Lauren during the 3rd quarter worth approximately $46,000. CWM LLC boosted its position in Ralph Lauren by 25.2% during the 3rd quarter. CWM LLC now owns 576 shares of the textile maker’s stock valued at $67,000 after purchasing an additional 116 shares during the period. Finally, Larson Financial Group LLC acquired a new stake in Ralph Lauren in the third quarter worth $87,000. 67.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on RL. Raymond James boosted their target price on shares of Ralph Lauren from $135.00 to $154.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. Wells Fargo & Company boosted their price objective on Ralph Lauren from $160.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Monday, March 4th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $195.00 target price (up previously from $165.00) on shares of Ralph Lauren in a research note on Thursday, February 8th. The Goldman Sachs Group increased their price target on Ralph Lauren from $132.00 to $151.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. Finally, UBS Group lifted their price objective on shares of Ralph Lauren from $188.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Ralph Lauren presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.64.

Ralph Lauren Price Performance

NYSE RL opened at $167.03 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.17 and a quick ratio of 1.54. The firm has a market cap of $10.68 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 0.97 and a beta of 1.53. The stock’s 50-day moving average is $176.95 and its two-hundred day moving average is $149.62. Ralph Lauren Co. has a fifty-two week low of $103.17 and a fifty-two week high of $192.03.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, February 8th. The textile maker reported $4.17 EPS for the quarter, beating the consensus estimate of $3.53 by $0.64. Ralph Lauren had a return on equity of 25.88% and a net margin of 8.90%. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the company posted $3.35 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, analysts anticipate that Ralph Lauren Co. will post 10.23 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were paid a dividend of $0.75 per share. The ex-dividend date was Wednesday, March 27th. This represents a $3.00 annualized dividend and a yield of 1.80%. Ralph Lauren’s payout ratio is 34.01%.

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.