AM Squared Ltd Purchases New Position in Ralph Lauren Co. (NYSE:RL)

AM Squared Ltd purchased a new stake in Ralph Lauren Co. (NYSE:RL) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 300 shares of the textile maker’s stock, valued at approximately $58,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RL. Pacer Advisors Inc. lifted its position in 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 valued at $175,470,000 after acquiring an additional 994,385 shares during the last quarter. AQR Capital Management LLC raised its holdings 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 valued at $149,478,000 after buying an additional 528,778 shares during the last quarter. Swedbank AB purchased a new stake in shares of Ralph Lauren in the first quarter valued at about $61,022,000. Vanguard Group Inc. raised its holdings in shares of Ralph Lauren by 4.3% in the first quarter. Vanguard Group Inc. now owns 4,908,575 shares of the textile maker’s stock valued at $921,634,000 after buying an additional 203,495 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Ralph Lauren by 42.2% in the second quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker’s stock valued at $111,760,000 after buying an additional 189,600 shares during the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on RL shares. UBS Group upped their target price on shares of Ralph Lauren from $287.00 to $300.00 and gave the company a “buy” rating in a report on Friday, November 8th. Guggenheim upped their target price on shares of Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, October 28th. Barclays increased 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. Cfra set a $171.00 price objective on shares of Ralph Lauren in a research report on Thursday, October 17th. Finally, The Goldman Sachs Group raised their price objective on shares of Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Three 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, Ralph Lauren presently has a consensus rating of “Moderate Buy” and a consensus price target of $223.90.

Ralph Lauren Trading Down 1.5 %

Shares of Ralph Lauren stock opened at $208.38 on Friday. Ralph Lauren Co. has a 12-month low of $119.86 and a 12-month high of $237.16. The company has a current ratio of 1.72, a quick ratio of 1.18 and a debt-to-equity ratio of 0.40. The stock has a market cap of $12.91 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 1.60 and a beta of 1.49. The company has a 50-day moving average of $196.72 and a two-hundred day moving average of $180.88.

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

Ralph Lauren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid 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 1.58%. Ralph Lauren’s dividend payout ratio (DPR) is 31.46%.

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.