Ralph Lauren Co. (NYSE:RL) Shares Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp grew its stake in shares of Ralph Lauren Co. (NYSE:RL) by 4.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 154,665 shares of the textile maker’s stock after acquiring an additional 7,134 shares during the quarter. King Luther Capital Management Corp’s holdings in Ralph Lauren were worth $29,985,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Ralph Lauren by 4.3% during the first quarter. Vanguard Group Inc. now owns 4,908,575 shares of the textile maker’s stock valued at $921,634,000 after buying an additional 203,495 shares in the last quarter. Boston Partners boosted its stake in Ralph Lauren by 3.4% in the 1st quarter. Boston Partners now owns 1,255,482 shares of the textile maker’s stock worth $235,662,000 after purchasing an additional 41,482 shares during the period. Pacer Advisors Inc. grew its position in Ralph Lauren by 12,493.8% during the 2nd quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker’s stock worth $175,470,000 after purchasing an additional 994,385 shares in the last quarter. AQR Capital Management LLC raised its stake in Ralph Lauren by 158.1% during the 2nd quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock valued at $149,478,000 after purchasing an additional 528,778 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in shares of Ralph Lauren by 42.2% in the second quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker’s stock valued at $111,760,000 after purchasing an additional 189,600 shares in the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Wall Street Analyst Weigh In

RL has been the topic of a number of research analyst reports. UBS Group lifted their price target on Ralph Lauren from $287.00 to $300.00 and gave the company a “buy” rating in a report on Friday, November 8th. Guggenheim upped their target price on Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, October 28th. Cfra set a $171.00 price target on shares of Ralph Lauren in a report on Thursday, October 17th. TD Cowen upped their price objective on shares of Ralph Lauren from $208.00 to $251.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $207.00 target price on shares of Ralph Lauren in a research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $223.90.

Ralph Lauren Stock Down 1.6 %

Ralph Lauren stock opened at $202.15 on Thursday. The company has a market capitalization of $12.55 billion, a P/E ratio of 19.27, a P/E/G ratio of 1.58 and a beta of 1.49. Ralph Lauren Co. has a 1-year low of $120.95 and a 1-year high of $237.16. The firm’s fifty day simple moving average is $198.61 and its 200-day simple moving average is $181.72. 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 posted its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the business posted $2.10 EPS. Ralph Lauren’s revenue was up 5.7% compared to the same quarter last year. Sell-side analysts forecast that Ralph Lauren Co. will post 11.71 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently announced 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. This represents a $3.30 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Friday, September 27th. Ralph Lauren’s dividend payout ratio (DPR) is presently 31.46%.

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.