Ralph Lauren Co. (NYSE:RL) Shares Acquired by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. increased its holdings in Ralph Lauren Co. (NYSE:RL) by 140.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,935 shares of the textile maker’s stock after acquiring an additional 4,050 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in Ralph Lauren were worth $1,344,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Family Firm Inc. acquired a new stake in shares of Ralph Lauren during the second quarter worth about $30,000. Gladius Capital Management LP acquired a new stake in Ralph Lauren in the second quarter valued at $31,000. Fidelis Capital Partners LLC purchased a new stake in shares of Ralph Lauren during the 1st quarter worth $42,000. Versant Capital Management Inc grew its stake in shares of Ralph Lauren by 1,775.0% during the 2nd quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after purchasing an additional 213 shares during the period. Finally, EntryPoint Capital LLC purchased a new position in shares of Ralph Lauren in the 1st quarter valued at about $63,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on RL. Cfra set a $171.00 target price on shares of Ralph Lauren in a research report on Thursday, October 17th. Guggenheim raised their price objective on shares of Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday. The Goldman Sachs Group lifted their price target on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. StockNews.com lowered Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Finally, TD Cowen upped their target price on Ralph Lauren from $193.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $194.36.

Ralph Lauren Price Performance

RL opened at $203.56 on Wednesday. The company has a 50 day moving average of $187.24 and a two-hundred day moving average of $176.88. Ralph Lauren Co. has a 52-week low of $109.94 and a 52-week high of $207.06. The company has a quick ratio of 1.53, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The company has a market cap of $12.61 billion, a P/E ratio of 19.63, a P/E/G ratio of 1.62 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Wednesday, August 7th. The textile maker reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.25. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.34 earnings per share. On average, analysts expect that Ralph Lauren Co. will post 11.25 earnings per share for the current 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 $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.62%. The ex-dividend date was Friday, September 27th. Ralph Lauren’s dividend payout ratio is currently 31.82%.

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.