Rockefeller Capital Management L.P. Has $6.33 Million Stake in Ralph Lauren Co. (NYSE:RL)

Rockefeller Capital Management L.P. increased its stake in Ralph Lauren Co. (NYSE:RL) by 66.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 32,666 shares of the textile maker’s stock after purchasing an additional 12,995 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.05% of Ralph Lauren worth $6,333,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Family Firm Inc. acquired a new position in shares of Ralph Lauren during the 2nd quarter worth about $30,000. Gladius Capital Management LP bought a new position in Ralph Lauren in the 2nd quarter worth approximately $31,000. Huntington National Bank lifted its holdings in shares of Ralph Lauren by 86.6% during the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after buying an additional 103 shares during the last quarter. AM Squared Ltd bought a new stake in shares of Ralph Lauren in the third quarter valued at approximately $58,000. Finally, Signaturefd LLC grew its stake in shares of Ralph Lauren by 80.8% in the second quarter. Signaturefd LLC now owns 367 shares of the textile maker’s stock worth $64,000 after acquiring an additional 164 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

Ralph Lauren stock opened at $231.86 on Wednesday. The firm has a market capitalization of $14.40 billion, a P/E ratio of 22.08, a P/E/G ratio of 1.80 and a beta of 1.50. The stock has a fifty day moving average price of $204.88 and a two-hundred day moving average price of $184.93. Ralph Lauren Co. has a 52-week low of $127.68 and a 52-week high of $237.16. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the company posted $2.10 EPS. As a group, analysts anticipate that Ralph Lauren Co. will post 11.71 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a dividend of $0.825 per share. The ex-dividend date was Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.42%. Ralph Lauren’s dividend payout ratio (DPR) is presently 31.46%.

Analyst Ratings Changes

RL has been the subject of a number of research reports. Cfra set a $171.00 price target on shares of Ralph Lauren in a report on Thursday, October 17th. Raymond James increased their target price on shares of Ralph Lauren from $215.00 to $235.00 and gave the company an “outperform” 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 Monday, November 18th. UBS Group lifted their price objective on Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Guggenheim upped their target price on Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Three investment 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.com, Ralph Lauren has an average rating of “Moderate Buy” and a consensus price target of $223.90.

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.