Savoir Faire Capital Management L.P. Has $4.64 Million Holdings in Ralph Lauren Co. (NYSE:RL)

Savoir Faire Capital Management L.P. lifted its position in shares of Ralph Lauren Co. (NYSE:RL) by 41.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,914 shares of the textile maker’s stock after purchasing an additional 6,967 shares during the quarter. Ralph Lauren accounts for 2.4% of Savoir Faire Capital Management L.P.’s investment portfolio, making the stock its 19th largest holding. Savoir Faire Capital Management L.P.’s holdings in Ralph Lauren were worth $4,636,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of RL. Vanguard Group Inc. grew its stake in Ralph Lauren by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 4,908,575 shares of the textile maker’s stock valued at $921,634,000 after purchasing an additional 203,495 shares during the period. Boston Partners grew its stake in Ralph Lauren by 3.4% in the 1st quarter. Boston Partners now owns 1,255,482 shares of the textile maker’s stock valued at $235,662,000 after purchasing an additional 41,482 shares during the period. Pacer Advisors Inc. grew its stake 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 valued at $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 2nd quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock worth $149,478,000 after acquiring an additional 528,778 shares during the period. Finally, Acadian Asset Management LLC grew its stake in shares of Ralph Lauren by 42.2% during the 2nd quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker’s stock worth $111,760,000 after acquiring an additional 189,600 shares during the period. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Stock Performance

NYSE:RL opened at $207.85 on Tuesday. The stock has a market cap of $12.91 billion, a P/E ratio of 19.81, a PEG ratio of 1.60 and a beta of 1.49. 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 Co. has a twelve month low of $120.95 and a twelve month high of $237.16. The business’s 50-day moving average price is $197.41 and its two-hundred day moving average price is $181.30.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 earnings per share 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 analysts’ expectations of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. Ralph Lauren’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the firm posted $2.10 EPS. As a group, equities analysts predict that Ralph Lauren Co. will post 11.71 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.59%. Ralph Lauren’s dividend payout ratio is 31.46%.

Analyst Ratings Changes

Several research analysts have recently weighed in on RL shares. Wells Fargo & Company increased their price target on Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Monday. UBS Group increased their price target on Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Barclays increased their price target on Ralph Lauren from $200.00 to $257.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Finally, TD Cowen increased their price objective on Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Three investment 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.