Geode Capital Management LLC Has $183.79 Million Stock Holdings in Ralph Lauren Co. (NYSE:RL)

Geode Capital Management LLC grew its holdings in Ralph Lauren Co. (NYSE:RL - Free Report) by 3.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 949,512 shares of the textile maker's stock after buying an additional 30,694 shares during the quarter. Geode Capital Management LLC owned approximately 1.53% of Ralph Lauren worth $183,787,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in RL. Charles Schwab Investment Management Inc. raised its holdings in 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 worth $95,537,000 after purchasing an additional 13,640 shares during the last quarter. Bridgewater Associates LP raised its position in shares of Ralph Lauren by 145.8% during the 3rd quarter. Bridgewater Associates LP now owns 59,927 shares of the textile maker's stock valued at $11,618,000 after acquiring an additional 35,550 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Ralph Lauren in the 3rd quarter worth $1,819,000. Quest Partners LLC grew its stake in shares of Ralph Lauren by 210.1% during the third quarter. Quest Partners LLC now owns 6,167 shares of the textile maker's stock worth $1,196,000 after purchasing an additional 4,178 shares during the period. Finally, Cerity Partners LLC increased its holdings in Ralph Lauren by 70.3% in the third quarter. Cerity Partners LLC now owns 12,436 shares of the textile maker's stock valued at $2,411,000 after purchasing an additional 5,133 shares during the last quarter. 67.91% of the stock is owned by institutional investors.

Ralph Lauren Stock Performance

NYSE:RL traded up $4.21 during mid-day trading on Monday, reaching $231.66. 478,199 shares of the company's stock were exchanged, compared to its average volume of 845,287. 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 firm has a market capitalization of $14.39 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 1.69 and a beta of 1.50. Ralph Lauren Co. has a one year low of $134.90 and a one year high of $237.16. The business's fifty day simple moving average is $211.34 and its two-hundred day simple moving average is $188.57.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.11. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The firm had revenue of $1.73 billion during the quarter, compared to analysts' expectations of $1.68 billion. During the same period in the previous year, the firm earned $2.10 EPS. The company's quarterly revenue was up 5.7% compared to the same quarter last year. Analysts anticipate that Ralph Lauren Co. will post 11.71 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.42%. Ralph Lauren's dividend payout ratio (DPR) is currently 31.46%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Cfra set a $171.00 price target on shares of Ralph Lauren in a report on Thursday, October 17th. UBS Group boosted their target price on Ralph Lauren from $287.00 to $300.00 and gave the company a "buy" rating in a research note on Friday, November 8th. The Goldman Sachs Group raised their price target on 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 objective on Ralph Lauren from $195.00 to $205.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 23rd. Finally, StockNews.com upgraded shares of Ralph Lauren from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently 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.