Mackenzie Financial Corp Has $15.11 Million Stake in Ralph Lauren Co. (NYSE:RL)

Mackenzie Financial Corp lifted its position in shares of Ralph Lauren Co. (NYSE:RL) by 0.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,311 shares of the textile maker’s stock after purchasing an additional 136 shares during the quarter. Mackenzie Financial Corp owned 0.14% of Ralph Lauren worth $15,110,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. QRG Capital Management Inc. raised its position in shares of Ralph Lauren by 2.8% during the first quarter. QRG Capital Management Inc. now owns 2,378 shares of the textile maker’s stock worth $447,000 after purchasing an additional 65 shares during the period. Oak Thistle LLC raised its position in Ralph Lauren by 6.2% in the 2nd quarter. Oak Thistle LLC now owns 1,236 shares of the textile maker’s stock valued at $216,000 after buying an additional 72 shares during the last quarter. Mather Group LLC. raised its position in Ralph Lauren by 26.3% in the 2nd quarter. Mather Group LLC. now owns 432 shares of the textile maker’s stock valued at $81,000 after buying an additional 90 shares during the last quarter. Atomi Financial Group Inc. raised its position in Ralph Lauren by 8.4% in the 2nd quarter. Atomi Financial Group Inc. now owns 1,156 shares of the textile maker’s stock valued at $202,000 after buying an additional 90 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in Ralph Lauren by 6.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,752 shares of the textile maker’s stock valued at $307,000 after buying an additional 99 shares during the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Stock Down 0.5 %

RL stock opened at $196.53 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 2.19. The company has a market capitalization of $12.28 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.56 and a beta of 1.49. Ralph Lauren Co. has a fifty-two week low of $108.60 and a fifty-two week high of $200.17. The stock has a fifty day moving average of $172.48 and a 200-day moving average of $173.80.

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

Ralph Lauren Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.825 per share. The ex-dividend date is Friday, September 27th. This represents a $3.30 annualized dividend and a dividend yield of 1.68%. Ralph Lauren’s payout ratio is 33.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on RL shares. StockNews.com lowered Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Friday, September 6th. Telsey Advisory Group reissued an “outperform” rating and issued a $207.00 price target on shares of Ralph Lauren in a research report on Thursday. TD Cowen increased their price target on Ralph Lauren from $193.00 to $208.00 and gave the company a “buy” rating in a research report on Thursday. Wells Fargo & Company raised their target price on Ralph Lauren from $175.00 to $195.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Argus reaffirmed a “hold” rating on shares of Ralph Lauren in a research report on Tuesday, July 2nd. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Ralph Lauren has an average rating of “Moderate Buy” and a consensus target price 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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.