Crossmark Global Holdings Inc. Purchases 3,562 Shares of Ralph Lauren Co. (NYSE:RL)

Crossmark Global Holdings Inc. boosted its position in Ralph Lauren Co. (NYSE:RL) by 18.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 22,395 shares of the textile maker’s stock after buying an additional 3,562 shares during the period. Crossmark Global Holdings Inc.’s holdings in Ralph Lauren were worth $4,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in RL. Janney Montgomery Scott LLC boosted its stake in 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 period. Atomi Financial Group Inc. acquired a new position in Ralph Lauren in the 1st quarter valued at $200,000. Sei Investments Co. raised its holdings in Ralph Lauren by 124.3% in the 1st quarter. Sei Investments Co. now owns 32,173 shares of the textile maker’s stock valued at $6,041,000 after acquiring an additional 17,827 shares in the last quarter. Headlands Technologies LLC acquired a new position in Ralph Lauren in the 1st quarter valued at $156,000. Finally, QRG Capital Management Inc. raised its holdings in Ralph Lauren by 2.8% in the 1st quarter. QRG Capital Management Inc. now owns 2,378 shares of the textile maker’s stock valued at $447,000 after acquiring an additional 65 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Price Performance

Shares of RL opened at $213.87 on Tuesday. Ralph Lauren Co. has a 12-month low of $113.92 and a 12-month high of $237.16. The business has a 50-day simple moving average of $193.77 and a two-hundred day simple moving average of $179.74. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.40. The stock has a market cap of $13.25 billion, a PE ratio of 20.39, a PEG ratio of 1.76 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.68 billion. During the same quarter in the prior year, the firm earned $2.10 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. Analysts anticipate that Ralph Lauren Co. will post 11.59 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a $0.825 dividend. The ex-dividend date was Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.54%. Ralph Lauren’s payout ratio is presently 31.46%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. TD Cowen lifted their price objective on Ralph Lauren from $208.00 to $251.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a report on Friday. Wells Fargo & Company lifted their price objective on Ralph Lauren from $195.00 to $205.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $207.00 price objective on shares of Ralph Lauren in a report on Thursday, November 7th. Finally, Cfra set a $171.00 price target on Ralph Lauren in a report on Thursday, October 17th. Three 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 an average target price 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.