Cypress Capital Group Grows Holdings in Ralph Lauren Co. (NYSE:RL)

Cypress Capital Group lifted its position in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 83.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,653 shares of the textile maker's stock after buying an additional 3,029 shares during the quarter. Cypress Capital Group's holdings in Ralph Lauren were worth $1,290,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Landscape Capital Management L.L.C. increased its position in Ralph Lauren by 95.2% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 33,133 shares of the textile maker's stock worth $6,423,000 after purchasing an additional 16,163 shares in the last quarter. King Luther Capital Management Corp raised its stake in shares of Ralph Lauren by 4.8% in the 3rd quarter. King Luther Capital Management Corp now owns 154,665 shares of the textile maker's stock valued at $29,985,000 after acquiring an additional 7,134 shares during the period. Jennison Associates LLC lifted its holdings in shares of Ralph Lauren by 13.2% during the 3rd quarter. Jennison Associates LLC now owns 520,393 shares of the textile maker's stock valued at $100,889,000 after acquiring an additional 60,610 shares in the last quarter. Commerce Bank increased its holdings in Ralph Lauren by 1.2% in the 3rd quarter. Commerce Bank now owns 5,687 shares of the textile maker's stock valued at $1,103,000 after purchasing an additional 66 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Ralph Lauren in the third quarter valued at about $2,296,000. Hedge funds and other institutional investors own 67.91% of the company's stock.

Ralph Lauren Stock Down 1.6 %

NYSE:RL opened at $202.15 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.18 and a current ratio of 1.72. The company has a market cap of $12.55 billion, a price-to-earnings ratio of 19.27, a P/E/G ratio of 1.58 and a beta of 1.49. The stock's fifty day moving average price is $198.61 and its two-hundred day moving average price is $181.72. Ralph Lauren Co. has a 52-week low of $120.95 and a 52-week high of $237.16.

Ralph Lauren (NYSE:RL - Get Free Report) last issued 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. The firm had revenue of $1.73 billion during 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 business's revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.10 earnings per share. On average, analysts anticipate that Ralph Lauren Co. will post 11.71 EPS for the current 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 issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren's payout ratio is presently 31.46%.

Wall Street Analyst Weigh In

RL has been the topic of a number of recent research reports. Guggenheim boosted their target price 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. UBS Group upped their price objective on shares of Ralph Lauren from $287.00 to $300.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Barclays lifted their target price on Ralph Lauren from $200.00 to $257.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. TD Cowen increased their price target on Ralph Lauren from $208.00 to $251.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Finally, Raymond James lifted 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. 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 MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.

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