Landscape Capital Management L.L.C. Buys 16,163 Shares of Ralph Lauren Co. (NYSE:RL)

Landscape Capital Management L.L.C. raised its position in shares of Ralph Lauren Co. (NYSE:RL) by 95.2% during the third quarter, HoldingsChannel reports. The fund owned 33,133 shares of the textile maker’s stock after acquiring an additional 16,163 shares during the quarter. Ralph Lauren accounts for approximately 0.7% of Landscape Capital Management L.L.C.’s investment portfolio, making the stock its 19th largest holding. Landscape Capital Management L.L.C.’s holdings in Ralph Lauren were worth $6,423,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. raised its position in Ralph Lauren by 12,493.8% in 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 during the period. AQR Capital Management LLC grew its stake in shares of Ralph Lauren by 158.1% during the second quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock valued at $149,478,000 after buying an additional 528,778 shares during the last quarter. Swedbank AB purchased a new stake in shares of Ralph Lauren in the first quarter worth approximately $61,022,000. Vanguard Group Inc. raised its holdings in shares of Ralph Lauren by 4.3% in the first quarter. Vanguard Group Inc. now owns 4,908,575 shares of the textile maker’s stock worth $921,634,000 after buying an additional 203,495 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in Ralph Lauren by 42.2% during the 2nd quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker’s stock valued at $111,760,000 after acquiring an additional 189,600 shares during the period. Institutional investors own 67.91% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on RL. Telsey Advisory Group reiterated an “outperform” rating and issued a $207.00 target price on shares of Ralph Lauren in a research note on Thursday, November 7th. Cfra set a $171.00 price objective on shares of Ralph Lauren in a report on Thursday, October 17th. Wells Fargo & Company upped their target price 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. UBS Group lifted their price target 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. Finally, StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Monday. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $223.90.

Ralph Lauren Price Performance

Shares of RL opened at $202.15 on Thursday. The stock has a market cap of $12.55 billion, a PE ratio of 19.27, a P/E/G ratio of 1.58 and a beta of 1.49. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18. Ralph Lauren Co. has a 1-year low of $120.95 and a 1-year high of $237.16. The firm has a 50-day simple moving average of $198.61 and a two-hundred day simple moving average of $181.72.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.68 billion. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.10 EPS. As a group, analysts forecast that Ralph Lauren Co. will post 11.71 EPS for the current year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Friday, September 27th. 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.