6,888 Shares in Ralph Lauren Co. (NYSE:RL) Bought by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new stake in shares of Ralph Lauren Co. (NYSE:RL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 6,888 shares of the textile maker’s stock, valued at approximately $1,335,000.

Several other institutional investors have also added to or reduced their stakes in RL. Janney Montgomery Scott LLC boosted its holdings in shares of Ralph Lauren by 26.9% during the first quarter. Janney Montgomery Scott LLC now owns 3,241 shares of the textile maker’s stock worth $609,000 after purchasing an additional 688 shares during the period. Atomi Financial Group Inc. purchased a new stake in Ralph Lauren in the 1st quarter worth approximately $200,000. Sei Investments Co. grew its position in shares of Ralph Lauren by 124.3% in the 1st quarter. Sei Investments Co. now owns 32,173 shares of the textile maker’s stock worth $6,041,000 after buying an additional 17,827 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Ralph Lauren in the 1st quarter worth approximately $156,000. Finally, QRG Capital Management Inc. increased its stake in shares of Ralph Lauren by 2.8% during the first quarter. QRG Capital Management Inc. now owns 2,378 shares of the textile maker’s stock valued at $447,000 after buying an additional 65 shares during the period. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on RL shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $207.00 price target on shares of Ralph Lauren in a report on Thursday, November 7th. UBS Group lifted their target price on shares of Ralph Lauren from $287.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Barclays increased their price target on shares of Ralph Lauren from $200.00 to $257.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Cfra set a $171.00 price objective on Ralph Lauren in a research report on Thursday, October 17th. Finally, Guggenheim increased their target price on Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Ralph Lauren presently has a consensus rating of “Moderate Buy” and an average target price of $223.90.

Ralph Lauren Stock Up 0.6 %

RL stock opened at $210.77 on Thursday. The business has a 50 day moving average of $195.25 and a 200 day moving average of $180.26. The firm has a market cap of $13.06 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 1.61 and a beta of 1.49. Ralph Lauren Co. has a twelve month low of $117.07 and a twelve month high of $237.16. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.11. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The company’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the company earned $2.10 earnings per share. On average, research analysts forecast that Ralph Lauren Co. will post 11.71 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a $0.825 dividend. The ex-dividend date was Friday, September 27th. This represents a $3.30 annualized dividend and a dividend yield of 1.57%. Ralph Lauren’s dividend payout ratio is presently 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.