440 Shares in Ralph Lauren Co. (NYSE:RL) Bought by Transamerica Financial Advisors Inc.

Transamerica Financial Advisors Inc. bought a new position in shares of Ralph Lauren Co. (NYSE:RL) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 440 shares of the textile maker’s stock, valued at approximately $86,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RL. Pacer Advisors Inc. grew its stake 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 valued at $175,470,000 after purchasing an additional 994,385 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Ralph Lauren by 158.1% in the 2nd 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 period. Swedbank AB acquired a new position in shares of Ralph Lauren in the 1st quarter valued at about $61,022,000. Acadian Asset Management LLC lifted its holdings in shares of Ralph Lauren by 42.2% in the 2nd quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker’s stock valued at $111,760,000 after buying an additional 189,600 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Ralph Lauren by 3,520.3% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 120,231 shares of the textile maker’s stock valued at $21,047,000 after buying an additional 116,910 shares during the period. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Ralph Lauren Price Performance

Shares of Ralph Lauren stock opened at $222.67 on Thursday. The business has a 50 day simple moving average of $201.47 and a two-hundred day simple moving average of $183.20. Ralph Lauren Co. has a 12 month low of $125.25 and a 12 month high of $237.16. The stock has a market capitalization of $13.83 billion, a P/E ratio of 21.23, a PEG ratio of 1.69 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 (NYSE:RL) last announced its earnings results on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, beating 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 earnings per share. The business’s revenue was up 5.7% compared to the same quarter last year. As a group, analysts predict that Ralph Lauren Co. will post 11.71 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a $0.825 dividend. The ex-dividend date was Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.48%. Ralph Lauren’s dividend payout ratio (DPR) is presently 31.46%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group boosted 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. Guggenheim boosted their price objective on Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, October 28th. Raymond James boosted their price objective on Ralph Lauren from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Wells Fargo & Company boosted 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. Finally, Cfra set a $171.00 price target on Ralph Lauren in a report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Ralph Lauren has a consensus 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.