Rockefeller Capital Management L.P. Buys 12,995 Shares of Ralph Lauren Co. (NYSE:RL)

Rockefeller Capital Management L.P. raised its stake in Ralph Lauren Co. (NYSE:RL) by 66.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,666 shares of the textile maker’s stock after acquiring an additional 12,995 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Ralph Lauren were worth $6,333,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of RL. Simmons Bank raised its position in Ralph Lauren by 2.3% in the 3rd quarter. Simmons Bank now owns 2,703 shares of the textile maker’s stock worth $524,000 after purchasing an additional 62 shares during the last quarter. Commerce Bank raised its position in shares of Ralph Lauren by 1.2% during the third quarter. Commerce Bank now owns 5,687 shares of the textile maker’s stock worth $1,103,000 after acquiring an additional 66 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Ralph Lauren by 11.3% during the third quarter. GAMMA Investing LLC now owns 672 shares of the textile maker’s stock valued at $130,000 after acquiring an additional 68 shares during the period. Oak Thistle LLC boosted its holdings in Ralph Lauren by 6.2% in the second quarter. Oak Thistle LLC now owns 1,236 shares of the textile maker’s stock valued at $216,000 after acquiring an additional 72 shares during the last quarter. Finally, Mather Group LLC. increased its position in Ralph Lauren by 26.3% in the second quarter. Mather Group LLC. now owns 432 shares of the textile maker’s stock worth $81,000 after purchasing an additional 90 shares during the period. 67.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

RL has been the topic of a number of research reports. TD Cowen upped their target price on shares of Ralph Lauren from $208.00 to $251.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Barclays raised their price objective on shares of Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a research note 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 research report on Monday, October 28th. StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $207.00 price objective on shares of Ralph Lauren in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $223.90.

Ralph Lauren Stock Performance

RL stock opened at $231.86 on Wednesday. Ralph Lauren Co. has a 1-year low of $127.68 and a 1-year high of $237.16. The business’s 50-day moving average price is $204.88 and its two-hundred day moving average price is $184.93. The firm has a market cap of $14.40 billion, a PE ratio of 22.08, a P/E/G ratio of 1.80 and a beta of 1.50. The company has a current ratio of 1.72, a quick ratio of 1.18 and a debt-to-equity ratio of 0.40.

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

Ralph Lauren Dividend Announcement

The business 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 1.42%. Ralph Lauren’s payout ratio 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.