CWA Asset Management Group LLC Makes New $1.75 Million Investment in Ralph Lauren Co. (NYSE:RL)

CWA Asset Management Group LLC acquired a new position in shares of Ralph Lauren Co. (NYSE:RL - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,033 shares of the textile maker's stock, valued at approximately $1,751,000.

Several other hedge funds and other institutional investors have also bought and sold shares of RL. Family Firm Inc. bought a new stake in shares of Ralph Lauren during the second quarter valued at approximately $30,000. Gladius Capital Management LP purchased a new position in Ralph Lauren during the second quarter worth about $31,000. Versant Capital Management Inc grew its position in Ralph Lauren by 1,775.0% in the 2nd quarter. Versant Capital Management Inc now owns 225 shares of the textile maker's stock worth $39,000 after purchasing an additional 213 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in Ralph Lauren in the 1st quarter valued at about $63,000. Finally, Signaturefd LLC lifted its position in shares of Ralph Lauren by 80.8% during the 2nd quarter. Signaturefd LLC now owns 367 shares of the textile maker's stock worth $64,000 after buying an additional 164 shares in the last quarter. Institutional investors and hedge funds own 67.91% of the company's stock.

Ralph Lauren Stock Performance

RL traded up $0.88 on Friday, hitting $222.58. The company's stock had a trading volume of 816,101 shares, compared to its average volume of 638,356. Ralph Lauren Co. has a 12 month low of $113.92 and a 12 month high of $237.16. The firm has a market cap of $13.79 billion, a P/E ratio of 21.22, a price-to-earnings-growth ratio of 1.76 and a beta of 1.49. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.40. The company's 50 day simple moving average is $192.92 and its 200-day simple moving average is $179.41.

Ralph Lauren (NYSE:RL - Get Free Report) last released its quarterly earnings data 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. 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 for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the previous year, the company posted $2.10 EPS. The firm's revenue for the quarter was up 5.7% compared to the same quarter last year. Analysts forecast that Ralph Lauren Co. will post 11.59 EPS for the current year.

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.48%. Ralph Lauren's dividend payout ratio (DPR) is currently 31.46%.

Wall Street Analyst Weigh In

A number of analysts recently commented on RL shares. UBS Group increased their price target on Ralph Lauren from $287.00 to $300.00 and gave the company a "buy" rating in a research report on Friday. Raymond James lifted their target price on Ralph Lauren from $215.00 to $235.00 and gave the stock an "outperform" rating in a research note on Friday. StockNews.com upgraded shares of Ralph Lauren from a "hold" rating to a "buy" rating in a research report on Friday. TD Cowen lifted their price objective on shares of Ralph Lauren from $208.00 to $251.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company boosted their target price on shares of Ralph Lauren from $195.00 to $205.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus 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.