Franklin Resources Inc. Has $17.43 Million Holdings in Ralph Lauren Co. (NYSE:RL)

Franklin Resources Inc. raised its holdings in Ralph Lauren Co. (NYSE:RL) by 24.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 84,545 shares of the textile maker’s stock after acquiring an additional 16,575 shares during the period. Franklin Resources Inc. owned about 0.14% of Ralph Lauren worth $17,425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RL. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Ralph Lauren by 161.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,900 shares of the textile maker’s stock valued at $508,000 after buying an additional 1,789 shares during the period. Fifth Third Bancorp boosted its stake in Ralph Lauren by 6.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,752 shares of the textile maker’s stock worth $307,000 after purchasing an additional 99 shares during the period. Family Firm Inc. bought a new position in Ralph Lauren during the 2nd quarter worth about $30,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Ralph Lauren in the 2nd quarter valued at about $2,097,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Ralph Lauren by 9.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,836 shares of the textile maker’s stock valued at $496,000 after purchasing an additional 249 shares in the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on RL shares. Raymond James increased their price objective on Ralph Lauren from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Barclays upped their price target on Ralph Lauren from $200.00 to $257.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Cfra set a $171.00 price objective on shares of Ralph Lauren in a report on Thursday, October 17th. Wells Fargo & Company increased their target price on shares of Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group lifted their price target on shares of Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $223.90.

Ralph Lauren Stock Performance

Shares of RL opened at $230.28 on Friday. The company has a market cap of $14.30 billion, a PE ratio of 21.95, a price-to-earnings-growth ratio of 1.69 and a beta of 1.50. The firm has a 50-day moving average of $213.71 and a 200-day moving average of $189.64. Ralph Lauren Co. has a one year low of $134.90 and a one year 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 posted its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 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 return on equity of 29.44% and a net margin of 10.15%. Ralph Lauren’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company posted $2.10 earnings per share. As a group, equities analysts forecast that Ralph Lauren Co. will post 11.71 earnings per share for the current year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, December 27th. Ralph Lauren’s payout ratio is presently 31.46%.

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