1,886 Shares in Ralph Lauren Co. (NYSE:RL) Bought by Blair William & Co. IL

Blair William & Co. IL purchased a new position in Ralph Lauren Co. (NYSE:RL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,886 shares of the textile maker’s stock, valued at approximately $330,000.

A number of other hedge funds also recently modified their holdings of RL. Family Firm Inc. bought a new position in Ralph Lauren in the second quarter valued at about $30,000. Gladius Capital Management LP acquired a new position in shares of Ralph Lauren in the second quarter worth approximately $31,000. Fidelis Capital Partners LLC acquired a new position in shares of Ralph Lauren in the first quarter worth approximately $42,000. Versant Capital Management Inc lifted its stake in shares of Ralph Lauren by 1,775.0% in the second quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after acquiring an additional 213 shares during the period. Finally, EntryPoint Capital LLC bought a new stake in Ralph Lauren in the first quarter worth approximately $63,000. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Up 4.4 %

Ralph Lauren stock opened at $197.73 on Friday. The firm has a market cap of $12.36 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 1.52 and a beta of 1.49. The stock has a fifty day simple moving average of $171.86 and a two-hundred day simple moving average of $173.78. Ralph Lauren Co. has a 12 month low of $108.60 and a 12 month high of $197.83. The company has a current ratio of 2.19, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59.

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

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.67%. The ex-dividend date is Friday, September 27th. Ralph Lauren’s dividend payout ratio is presently 33.95%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. StockNews.com downgraded Ralph Lauren from a “buy” rating to a “hold” rating in a report on Friday, September 6th. Argus reissued a “hold” rating on shares of Ralph Lauren in a research report on Tuesday, July 2nd. Barclays boosted their price objective on Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Wells Fargo & Company upped their price target on Ralph Lauren from $175.00 to $195.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, TD Cowen increased their price objective on Ralph Lauren from $193.00 to $208.00 and gave the stock a “buy” rating in a report on Thursday. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Ralph Lauren presently has a consensus rating of “Moderate Buy” and a consensus target price of $189.00.

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