Adell Harriman & Carpenter Inc. Has $1.72 Million Holdings in Ralph Lauren Corporation $RL

Adell Harriman & Carpenter Inc. boosted its position in Ralph Lauren Corporation (NYSE:RL) by 61.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,495 shares of the textile maker’s stock after purchasing an additional 2,100 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in Ralph Lauren were worth $1,723,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. grew its stake in shares of Ralph Lauren by 1,228.6% in the second quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 86 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in Ralph Lauren in the 2nd quarter valued at about $28,000. MUFG Securities EMEA plc acquired a new stake in shares of Ralph Lauren in the second quarter valued at approximately $32,000. Geneos Wealth Management Inc. boosted its stake in shares of Ralph Lauren by 57.1% in the second quarter. Geneos Wealth Management Inc. now owns 143 shares of the textile maker’s stock valued at $39,000 after buying an additional 52 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in Ralph Lauren by 69.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 151 shares of the textile maker’s stock worth $41,000 after acquiring an additional 62 shares during the period. Institutional investors own 67.91% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Jefferies Financial Group assumed coverage on Ralph Lauren in a research note on Wednesday, January 14th. They issued a “buy” rating and a $425.00 price target for the company. UBS Group increased their price objective on shares of Ralph Lauren from $473.00 to $474.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $435.00 target price on shares of Ralph Lauren in a research note on Friday, January 30th. Guggenheim initiated coverage on shares of Ralph Lauren in a report on Tuesday, December 9th. They set a “neutral” rating for the company. Finally, Deutsche Bank Aktiengesellschaft set a $422.00 price objective on Ralph Lauren in a report on Thursday, January 8th. Fifteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $377.71.

Ralph Lauren Stock Down 0.7%

Shares of RL opened at $354.03 on Wednesday. The stock’s 50-day moving average price is $362.34 and its two-hundred day moving average price is $330.20. Ralph Lauren Corporation has a 12 month low of $176.61 and a 12 month high of $380.00. The company has a market capitalization of $21.47 billion, a PE ratio of 26.17, a PEG ratio of 1.58 and a beta of 1.49. The company has a current ratio of 2.04, a quick ratio of 1.35 and a debt-to-equity ratio of 0.57.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, November 6th. The textile maker reported $3.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.45 by $0.34. Ralph Lauren had a return on equity of 36.18% and a net margin of 11.28%.The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the company earned $2.54 earnings per share. The firm’s revenue was up 16.5% compared to the same quarter last year. On average, analysts anticipate that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were given a $0.9125 dividend. The ex-dividend date was Friday, December 26th. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.0%. Ralph Lauren’s payout ratio is 26.98%.

Ralph Lauren Company Profile

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.