Ralph Lauren Co. (NYSE:RL) Shares Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lifted its position in Ralph Lauren Co. (NYSE:RL) by 11.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,990 shares of the textile maker’s stock after acquiring an additional 197 shares during the period. Kestra Private Wealth Services LLC’s holdings in Ralph Lauren were worth $287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Financial Gravity Asset Management Inc. increased its holdings 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 worth $28,000 after buying an additional 122 shares during the last quarter. Spire Wealth Management lifted its position 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 buying an additional 102 shares during the last quarter. GAMMA Investing LLC purchased a new position in Ralph Lauren during the fourth quarter worth about $45,000. Headlands Technologies LLC acquired a new stake in shares of Ralph Lauren during the third quarter valued at about $46,000. Finally, Larson Financial Group LLC purchased a new stake in shares of Ralph Lauren in the 3rd quarter valued at approximately $87,000. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Ralph Lauren Stock Down 0.9 %

Shares of Ralph Lauren stock opened at $165.20 on Thursday. The company has a quick ratio of 1.54, a current ratio of 2.17 and a debt-to-equity ratio of 0.55. Ralph Lauren Co. has a 52-week low of $103.17 and a 52-week high of $192.03. The company has a market capitalization of $10.56 billion, a P/E ratio of 18.73, a P/E/G ratio of 0.97 and a beta of 1.55. The company has a 50 day moving average of $173.89 and a 200 day moving average of $152.27.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, February 8th. The textile maker reported $4.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.53 by $0.64. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Ralph Lauren had a net margin of 8.90% and a return on equity of 25.88%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.35 EPS. As a group, research analysts forecast that Ralph Lauren Co. will post 10.23 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Wednesday, March 27th. Ralph Lauren’s dividend payout ratio (DPR) is 34.01%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on RL shares. Wells Fargo & Company increased their price objective on shares of Ralph Lauren from $160.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Monday, March 4th. StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Monday, January 22nd. The Goldman Sachs Group increased their target price on Ralph Lauren from $132.00 to $151.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. Jefferies Financial Group initiated coverage on Ralph Lauren in a research report on Tuesday, April 30th. They issued a “buy” rating and a $195.00 target price for the company. Finally, Raymond James increased their price target on shares of Ralph Lauren from $135.00 to $154.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $158.92.

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.