Simmons Bank Increases Stock Position in Ralph Lauren Co. (NYSE:RL)

Simmons Bank boosted its position in shares of Ralph Lauren Co. (NYSE:RL) by 2.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,703 shares of the textile maker’s stock after buying an additional 62 shares during the quarter. Simmons Bank’s holdings in Ralph Lauren were worth $524,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Family Firm Inc. purchased a new position in shares of Ralph Lauren in the 2nd quarter valued at about $30,000. Gladius Capital Management LP acquired a new stake in Ralph Lauren in the second quarter valued at approximately $31,000. Versant Capital Management Inc increased its position in shares of Ralph Lauren by 1,775.0% in the second quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock valued at $39,000 after buying an additional 213 shares in the last quarter. EntryPoint Capital LLC acquired a new position in shares of Ralph Lauren during the 1st quarter worth approximately $63,000. Finally, Signaturefd LLC lifted its position in shares of Ralph Lauren by 80.8% during the 2nd quarter. Signaturefd LLC now owns 367 shares of the textile maker’s stock valued at $64,000 after buying an additional 164 shares in the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on RL shares. Barclays boosted their price target on shares of Ralph Lauren from $200.00 to $257.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Wells Fargo & Company upped their price target on shares of Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Raymond James raised their price target on shares of Ralph Lauren from $215.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Guggenheim boosted their price objective on Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, UBS Group raised their target price on Ralph Lauren from $287.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Ralph Lauren presently has an average rating of “Moderate Buy” and a consensus price target of $223.90.

Ralph Lauren Stock Performance

NYSE RL opened at $210.77 on Thursday. Ralph Lauren Co. has a fifty-two week low of $117.07 and a fifty-two week high of $237.16. The firm has a market capitalization of $13.06 billion, a P/E ratio of 20.09, a price-to-earnings-growth ratio of 1.61 and a beta of 1.49. The stock’s fifty day moving average is $195.25 and its two-hundred day moving average is $180.26. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.18 and a current ratio of 1.72.

Ralph Lauren (NYSE:RL) last announced its quarterly 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. The business had revenue of $1.73 billion during 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 business’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.10 EPS. On average, research analysts anticipate that Ralph Lauren Co. will post 11.71 earnings per share for the current year.

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders 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 yield of 1.57%. Ralph Lauren’s payout ratio is currently 31.46%.

Ralph Lauren 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.