Ralph Lauren Co. (NYSE:RL) Shares Acquired by Cinctive Capital Management LP

Cinctive Capital Management LP lifted its stake in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 168.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,482 shares of the textile maker's stock after purchasing an additional 15,974 shares during the quarter. Cinctive Capital Management LP's holdings in Ralph Lauren were worth $4,940,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of RL. Pacer Advisors Inc. boosted its holdings in Ralph Lauren by 13.7% in the third quarter. Pacer Advisors Inc. now owns 1,139,975 shares of the textile maker's stock worth $221,007,000 after acquiring an additional 137,631 shares in the last quarter. AQR Capital Management LLC raised its position in Ralph Lauren by 158.1% in the second quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker's stock worth $149,478,000 after acquiring an additional 528,778 shares during the period. Acadian Asset Management LLC grew its holdings in Ralph Lauren by 42.2% during the second quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker's stock valued at $111,760,000 after purchasing an additional 189,600 shares during the period. Jennison Associates LLC increased its holdings in Ralph Lauren by 13.2% in the 3rd quarter. Jennison Associates LLC now owns 520,393 shares of the textile maker's stock worth $100,889,000 after acquiring an additional 60,610 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Ralph Lauren by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker's stock valued at $95,537,000 after buying an additional 13,640 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RL has been the subject of a number of research analyst reports. TD Cowen lifted their price target on 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 target price on Ralph Lauren from $200.00 to $257.00 and gave the stock an "overweight" rating in a research note on Friday, November 8th. UBS Group upped their price objective on shares of Ralph Lauren from $287.00 to $300.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Raymond James lifted their price target on Ralph Lauren from $215.00 to $235.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $207.00 target price on shares of Ralph Lauren in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Ralph Lauren presently has an average rating of "Moderate Buy" and an average price target of $223.90.

Ralph Lauren Stock Performance

RL traded up $0.19 during midday trading on Tuesday, hitting $233.60. 213,702 shares of the company were exchanged, compared to its average volume of 854,747. The company's 50 day simple moving average is $204.88 and its 200 day simple moving average is $184.93. 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 firm has a market capitalization of $14.51 billion, a price-to-earnings ratio of 22.25, a price-to-earnings-growth ratio of 1.78 and a beta of 1.50. Ralph Lauren Co. has a 1-year low of $127.68 and a 1-year high of $237.16.

Ralph Lauren (NYSE:RL - Get Free Report) last released its quarterly 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. The firm had revenue of $1.73 billion for the quarter, compared to analysts' expectations of $1.68 billion. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The firm's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.10 EPS. As a group, sell-side analysts predict that Ralph Lauren Co. will post 11.71 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 1.41%. Ralph Lauren's dividend payout ratio (DPR) is presently 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.