Royce & Associates LP Has $30.59 Million Position in Ralph Lauren Co. (NYSE:RL)

Royce & Associates LP lessened its stake in shares of Ralph Lauren Co. (NYSE:RL) by 16.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 157,759 shares of the textile maker’s stock after selling 31,310 shares during the period. Royce & Associates LP’s holdings in Ralph Lauren were worth $30,585,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Family Firm Inc. bought a new position in Ralph Lauren during the 2nd quarter worth $30,000. Gladius Capital Management LP bought a new position in Ralph Lauren during the 2nd quarter worth $31,000. Huntington National Bank increased its stake in Ralph Lauren by 86.6% during the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after acquiring an additional 103 shares during the period. Versant Capital Management Inc increased its stake in Ralph Lauren by 1,775.0% during the 2nd 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 position in shares of Ralph Lauren in the 1st quarter valued at $63,000. Institutional investors own 67.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on RL shares. Raymond James lifted their price target on Ralph Lauren from $215.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. UBS Group lifted their price target on Ralph Lauren from $287.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, November 8th. StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Cfra set a $171.00 price target on Ralph Lauren in a research note on Thursday, October 17th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $207.00 price objective on shares of Ralph Lauren in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $223.90.

Ralph Lauren Stock Up 0.3 %

Shares of RL opened at $211.47 on Friday. The company has a market capitalization of $13.10 billion, a PE ratio of 20.16, a PEG ratio of 1.62 and a beta of 1.49. Ralph Lauren Co. has a 12 month low of $119.86 and a 12 month high of $237.16. The stock’s 50-day moving average price is $196.01 and its two-hundred day moving average price is $180.47. The company has a current ratio of 1.72, a quick ratio of 1.18 and a debt-to-equity ratio of 0.40.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, topping the consensus estimate of $2.43 by $0.11. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.10 EPS. On average, analysts anticipate that Ralph Lauren Co. will post 11.71 EPS for the current year.

Ralph Lauren Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren’s dividend payout ratio is 31.46%.

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