Quest Partners LLC Acquires 4,178 Shares of Ralph Lauren Co. (NYSE:RL)

Quest Partners LLC increased its holdings in Ralph Lauren Co. (NYSE:RL) by 210.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,167 shares of the textile maker’s stock after purchasing an additional 4,178 shares during the quarter. Quest Partners LLC’s holdings in Ralph Lauren were worth $1,196,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Ralph Lauren by 4.3% during the first quarter. Vanguard Group Inc. now owns 4,908,575 shares of the textile maker’s stock valued at $921,634,000 after acquiring an additional 203,495 shares during the last quarter. Boston Partners boosted its position in Ralph Lauren by 3.4% during the first quarter. Boston Partners now owns 1,255,482 shares of the textile maker’s stock valued at $235,662,000 after acquiring an additional 41,482 shares during the last quarter. Pacer Advisors Inc. boosted its position in Ralph Lauren by 12,493.8% during the second quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker’s stock valued at $175,470,000 after acquiring an additional 994,385 shares during the last quarter. AQR Capital Management LLC boosted its position in Ralph Lauren by 158.1% during the second quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock valued at $149,478,000 after acquiring an additional 528,778 shares during 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 valued at $111,760,000 after acquiring an additional 189,600 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Trading Down 1.1 %

RL opened at $205.53 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18. Ralph Lauren Co. has a fifty-two week low of $120.95 and a fifty-two week high of $237.16. The firm has a market capitalization of $12.76 billion, a PE ratio of 19.59, a P/E/G ratio of 1.60 and a beta of 1.49. The company’s 50-day moving average is $198.06 and its 200 day moving average is $181.58.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.10 EPS. As a group, research analysts predict that Ralph Lauren Co. will post 11.71 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a $0.825 dividend. The ex-dividend date was Friday, September 27th. This represents a $3.30 annualized dividend and a yield of 1.61%. Ralph Lauren’s dividend payout ratio (DPR) is 31.46%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Guggenheim upped their price target on shares of Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, October 28th. The Goldman Sachs Group increased their price objective on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Barclays increased their price objective on shares of Ralph Lauren from $200.00 to $257.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Telsey Advisory Group reissued an “outperform” rating and set a $207.00 price objective on shares of Ralph Lauren in a research report on Thursday, November 7th. Finally, Raymond James increased their price objective on shares of Ralph Lauren from $215.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $223.90.

About Ralph Lauren

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.