ORG Wealth Partners LLC Lowers Position in Ralph Lauren Co. (NYSE:RL)

ORG Wealth Partners LLC reduced its stake in Ralph Lauren Co. (NYSE:RL) by 18.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 382 shares of the textile maker’s stock after selling 87 shares during the quarter. ORG Wealth Partners LLC’s holdings in Ralph Lauren were worth $88,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of RL. M&T Bank Corp grew its stake in Ralph Lauren by 3.4% in the 3rd quarter. M&T Bank Corp now owns 1,657 shares of the textile maker’s stock valued at $321,000 after purchasing an additional 55 shares during the period. Simmons Bank grew its stake in Ralph Lauren by 2.3% in the 3rd quarter. Simmons Bank now owns 2,703 shares of the textile maker’s stock valued at $524,000 after purchasing an additional 62 shares during the period. Commerce Bank grew its stake in Ralph Lauren by 1.2% in the 3rd quarter. Commerce Bank now owns 5,687 shares of the textile maker’s stock valued at $1,103,000 after purchasing an additional 66 shares during the period. GAMMA Investing LLC grew its stake in Ralph Lauren by 11.3% in the 3rd quarter. GAMMA Investing LLC now owns 672 shares of the textile maker’s stock valued at $130,000 after purchasing an additional 68 shares during the period. Finally, Louisiana State Employees Retirement System grew its stake in Ralph Lauren by 4.5% in the 3rd quarter. Louisiana State Employees Retirement System now owns 2,300 shares of the textile maker’s stock valued at $446,000 after purchasing an additional 100 shares during the period. 67.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RL. Guggenheim upped their price objective on Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, October 28th. The Goldman Sachs Group increased their price target on Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Cfra set a $171.00 price target on Ralph Lauren in a research note on Thursday, October 17th. Telsey Advisory Group reiterated an “outperform” rating and set a $207.00 price target on shares of Ralph Lauren in a research note on Thursday, November 7th. Finally, Wells Fargo & Company increased their price target on Ralph Lauren from $215.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Ralph Lauren presently has a consensus rating of “Moderate Buy” and a consensus target price of $228.09.

Ralph Lauren Stock Down 2.6 %

Shares of NYSE RL opened at $236.78 on Friday. Ralph Lauren Co. has a 52 week low of $134.90 and a 52 week high of $245.92. The business has a 50-day simple moving average of $223.62 and a two-hundred day simple moving average of $194.93. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40. The company has a market cap of $14.70 billion, a P/E ratio of 22.57, a P/E/G ratio of 1.69 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last issued 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. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter last year, the company earned $2.10 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. Research analysts anticipate that Ralph Lauren Co. will post 11.71 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were issued a $0.825 dividend. The ex-dividend date was Friday, December 27th. This represents a $3.30 annualized dividend and a dividend yield of 1.39%. Ralph Lauren’s payout ratio is currently 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.