Pacer Advisors Inc. Purchases 137,631 Shares of Ralph Lauren Co. (NYSE:RL)

Pacer Advisors Inc. lifted its position in Ralph Lauren Co. (NYSE:RL) by 13.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,139,975 shares of the textile maker’s stock after buying an additional 137,631 shares during the period. Pacer Advisors Inc. owned about 1.84% of Ralph Lauren worth $221,007,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RL. Family Firm Inc. bought a new position in Ralph Lauren during the second quarter valued at approximately $30,000. Gladius Capital Management LP bought a new position in Ralph Lauren in the second quarter worth approximately $31,000. Huntington National Bank raised its position in Ralph Lauren by 86.6% in the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after acquiring an additional 103 shares during the period. Versant Capital Management Inc raised its position in Ralph Lauren by 1,775.0% in the second quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after acquiring an additional 213 shares during the period. Finally, AM Squared Ltd bought a new position in Ralph Lauren in the third quarter worth approximately $58,000. Institutional investors own 67.91% of the company’s stock.

Analysts Set New Price Targets

RL has been the topic of several recent research reports. 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 research report on Friday, November 8th. Wells Fargo & Company increased their price target on shares of Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. UBS Group increased their price target on shares of Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Guggenheim increased their price target on shares of Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, Cfra set a $171.00 price objective on shares of Ralph Lauren in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $223.90.

Ralph Lauren Price Performance

Ralph Lauren stock opened at $202.15 on Thursday. The firm has a 50-day moving average price of $198.61 and a 200-day moving average price of $181.72. The firm has a market capitalization of $12.55 billion, a PE ratio of 19.27, a price-to-earnings-growth ratio of 1.58 and a beta of 1.49. 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 Co. has a 12-month low of $120.95 and a 12-month high of $237.16.

Ralph Lauren (NYSE:RL) last released 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. 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 in the previous year, the company earned $2.10 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. As a group, equities research analysts forecast that Ralph Lauren Co. will post 11.71 EPS for the current year.

Ralph Lauren Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders 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 yield of 1.63%. Ralph Lauren’s payout ratio is 31.46%.

Ralph Lauren 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.