Ralph Lauren Co. (NYSE:RL) Stake Raised by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lifted its stake in Ralph Lauren Co. (NYSE:RL) by 12.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,882 shares of the textile maker’s stock after purchasing an additional 2,200 shares during the quarter. Ralph Lauren accounts for 0.4% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 22nd largest position. Dynamic Technology Lab Private Ltd’s holdings in Ralph Lauren were worth $3,855,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. O Shaughnessy Asset Management LLC boosted its position in Ralph Lauren by 130.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 4,071 shares of the textile maker’s stock valued at $764,000 after purchasing an additional 2,306 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Ralph Lauren during the 1st quarter valued at about $63,000. Interval Partners LP bought a new stake in shares of Ralph Lauren in the 1st quarter valued at approximately $18,776,000. Redwood Investment Management LLC acquired a new position in Ralph Lauren in the first quarter worth approximately $1,520,000. Finally, Tidal Investments LLC increased its holdings in Ralph Lauren by 193.9% in the first quarter. Tidal Investments LLC now owns 23,021 shares of the textile maker’s stock worth $4,322,000 after buying an additional 15,188 shares during the last quarter. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Ralph Lauren Trading Up 2.4 %

Ralph Lauren stock opened at $212.15 on Monday. The business’s 50-day simple moving average is $199.91 and its 200-day simple moving average is $182.44. Ralph Lauren Co. has a 52 week low of $122.88 and a 52 week high of $237.16. The firm has a market capitalization of $13.17 billion, a PE ratio of 20.22, a PEG ratio of 1.63 and a beta of 1.49. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.18 and a current ratio of 1.72.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. The company 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%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.10 earnings per share. Equities 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 declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a $0.825 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $3.30 annualized dividend and a yield of 1.56%. Ralph Lauren’s dividend payout ratio is 31.46%.

Analyst Upgrades and Downgrades

Several research firms have commented on RL. Raymond James boosted their target price 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. Guggenheim upped their price objective on shares of Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, October 28th. The Goldman Sachs Group increased their target price 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. Wells Fargo & Company boosted their price target on Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Finally, Cfra set a $171.00 price objective on Ralph Lauren in a report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Ralph Lauren has an average rating of “Moderate Buy” and a consensus price target 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.