GSA Capital Partners LLP Takes $1.34 Million Position in Ralph Lauren Co. (NYSE:RL)

GSA Capital Partners LLP bought a new stake in shares of Ralph Lauren Co. (NYSE:RL - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,888 shares of the textile maker's stock, valued at approximately $1,335,000.

Several other institutional investors also recently made changes to their positions in the stock. Crossmark Global Holdings Inc. grew its holdings in shares of Ralph Lauren by 18.9% during the third quarter. Crossmark Global Holdings Inc. now owns 22,395 shares of the textile maker's stock valued at $4,341,000 after purchasing an additional 3,562 shares during the last quarter. Atria Investments Inc grew its holdings in shares of Ralph Lauren by 55.8% during the third quarter. Atria Investments Inc now owns 1,922 shares of the textile maker's stock valued at $373,000 after purchasing an additional 688 shares during the last quarter. CWA Asset Management Group LLC bought a new position in Ralph Lauren in the 3rd quarter worth approximately $1,751,000. Capital Performance Advisors LLP bought a new position in Ralph Lauren in the 3rd quarter worth approximately $122,000. Finally, Summit Global Investments grew its holdings in Ralph Lauren by 346.0% in the 3rd quarter. Summit Global Investments now owns 6,396 shares of the textile maker's stock worth $1,240,000 after buying an additional 4,962 shares in the last quarter. 67.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on RL. Guggenheim increased their price objective on Ralph Lauren from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, October 28th. Wells Fargo & Company increased their price objective on Ralph Lauren from $195.00 to $205.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 23rd. Barclays increased their price objective on Ralph Lauren from $200.00 to $257.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. Raymond James increased their price objective on Ralph Lauren from $215.00 to $235.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Finally, TD Cowen increased their price objective on Ralph Lauren from $208.00 to $251.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $223.90.

Ralph Lauren Price Performance

Shares of NYSE:RL traded up $1.28 on Thursday, reaching $212.05. 145,737 shares of the company traded hands, compared to its average volume of 861,564. Ralph Lauren Co. has a fifty-two week low of $119.86 and a fifty-two week high of $237.16. The company's 50 day moving average is $195.25 and its 200-day moving average is $180.26. The stock has a market capitalization of $13.13 billion, a PE ratio of 20.09, a P/E/G ratio of 1.61 and a beta of 1.49. 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 (NYSE:RL - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, beating analysts' consensus estimates of $2.43 by $0.11. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the firm earned $2.10 EPS. The company's quarterly revenue was up 5.7% compared to the same quarter last year. As a group, analysts anticipate that Ralph Lauren Co. will post 11.71 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a dividend of $0.825 per share. The ex-dividend date was Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.56%. Ralph Lauren's dividend payout ratio (DPR) is presently 31.46%.

Ralph Lauren Company 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.