Radnor Capital Management LLC Purchases New Holdings in Ralph Lauren Co. (NYSE:RL)

Radnor Capital Management LLC acquired a new position in shares of Ralph Lauren Co. (NYSE:RL) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 1,670 shares of the textile maker’s stock, valued at approximately $324,000.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised 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 last quarter. Boston Partners grew its holdings in shares of Ralph Lauren by 3.4% during the first quarter. Boston Partners now owns 1,255,482 shares of the textile maker’s stock worth $235,662,000 after buying an additional 41,482 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of Ralph Lauren by 12,493.8% in the second quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker’s stock worth $175,470,000 after buying an additional 994,385 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Ralph Lauren by 158.1% in the second quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock worth $149,478,000 after buying an additional 528,778 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in Ralph Lauren by 42.2% during the second 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 last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on RL shares. Wells Fargo & Company raised their target price on shares of Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. 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. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $207.00 target price on shares of Ralph Lauren in a research note on Thursday. Barclays boosted their price target on shares of Ralph Lauren from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Finally, Cfra set a $171.00 price objective on shares of Ralph Lauren in a research report on Thursday, October 17th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Ralph Lauren has an average rating of “Moderate Buy” and a consensus price target of $205.10.

Ralph Lauren Stock Performance

Shares of RL stock opened at $221.70 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 2.19. The firm has a market cap of $13.73 billion, a P/E ratio of 21.38, a P/E/G ratio of 1.63 and a beta of 1.49. The firm’s 50 day moving average price is $191.89 and its 200-day moving average price is $178.83. Ralph Lauren Co. has a one year low of $113.16 and a one year high of $237.16.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Wednesday, August 7th. The textile maker reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.25. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the prior year, the firm earned $2.34 earnings per share. The firm’s revenue was up 1.0% compared to the same quarter last year. As a group, equities research analysts predict that Ralph Lauren Co. will post 11.26 EPS for the current year.

Ralph Lauren Announces Dividend

The company also recently announced 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. This represents a $3.30 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Friday, September 27th. Ralph Lauren’s dividend payout ratio (DPR) is 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.