Systematic Financial Management LP Lowers Stock Holdings in Ralph Lauren Co. (NYSE:RL)

Systematic Financial Management LP lessened its holdings in shares of Ralph Lauren Co. (NYSE:RL) by 3.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,613 shares of the textile maker’s stock after selling 575 shares during the quarter. Systematic Financial Management LP’s holdings in Ralph Lauren were worth $3,415,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Family Firm Inc. purchased a new stake in Ralph Lauren during the 2nd quarter worth about $30,000. Gladius Capital Management LP acquired a new position in shares of Ralph Lauren during the second quarter worth about $31,000. Huntington National Bank increased its stake in shares of Ralph Lauren by 86.6% during the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after buying an additional 103 shares during the period. True Wealth Design LLC lifted its stake in Ralph Lauren by 8,933.3% in the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock worth $53,000 after acquiring an additional 268 shares during the last quarter. Finally, AM Squared Ltd acquired a new position in Ralph Lauren during the 3rd quarter worth approximately $58,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Up 0.1 %

RL stock opened at $233.19 on Friday. Ralph Lauren Co. has a 52 week low of $129.03 and a 52 week high of $237.16. The company has a current ratio of 1.72, a quick ratio of 1.18 and a debt-to-equity ratio of 0.40. The company has a market cap of $14.48 billion, a P/E ratio of 22.23, a P/E/G ratio of 1.78 and a beta of 1.50. The company’s 50-day moving average price is $207.28 and its 200 day moving average price is $186.04.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, beating the consensus estimate 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 in the prior year, the business earned $2.10 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. On average, research analysts expect that Ralph Lauren Co. will post 11.71 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a $0.825 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $3.30 annualized dividend and a dividend yield of 1.42%. Ralph Lauren’s dividend payout ratio is presently 31.46%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RL. Raymond James upped their price target on Ralph Lauren from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Barclays increased their target price on shares of Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. StockNews.com raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $207.00 price objective on shares of Ralph Lauren in a report on Thursday, November 7th. Finally, Guggenheim lifted 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 equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $223.90.

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.