Radnor Capital Management LLC Takes Position in Ralph Lauren Co. (NYSE:RL)

Radnor Capital Management LLC acquired a new position in shares of Ralph Lauren Co. (NYSE:RL) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,670 shares of the textile maker’s stock, valued at approximately $324,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Norden Group LLC acquired a new position in Ralph Lauren during the 1st quarter valued at about $223,000. Janney Montgomery Scott LLC raised its position in shares of Ralph Lauren by 26.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,241 shares of the textile maker’s stock valued at $609,000 after purchasing an additional 688 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Ralph Lauren by 20.8% in the 1st quarter. Daiwa Securities Group Inc. now owns 1,287 shares of the textile maker’s stock worth $242,000 after purchasing an additional 222 shares in the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of Ralph Lauren by 2.7% during the first quarter. Mutual of America Capital Management LLC now owns 12,230 shares of the textile maker’s stock valued at $2,296,000 after buying an additional 316 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in Ralph Lauren in the 1st quarter worth $2,207,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Up 6.6 %

RL opened at $221.70 on Friday. The company has a fifty day moving average of $191.89 and a two-hundred day moving average of $178.83. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 2.19. Ralph Lauren Co. has a fifty-two week low of $113.16 and a fifty-two week high of $237.16. The stock has a market capitalization of $13.73 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 1.63 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.25. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the prior year, the firm posted $2.34 EPS. Ralph Lauren’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, research analysts expect that Ralph Lauren Co. will post 11.26 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders 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 dividend yield of 1.49%. Ralph Lauren’s dividend payout ratio (DPR) is 31.82%.

Wall Street Analyst Weigh In

RL has been the topic of a number of research reports. The Goldman Sachs Group increased their price objective on Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a report on Monday, October 21st. StockNews.com downgraded shares of Ralph Lauren from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Barclays lifted their price objective on shares of Ralph Lauren from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Wells Fargo & Company increased their price objective on shares of Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Finally, Guggenheim boosted their target price on shares of Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $205.10.

Ralph Lauren Company 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.