Merit Financial Group LLC acquired a new stake in Ralph Lauren Co. (NYSE:RL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,194 shares of the textile maker's stock, valued at approximately $507,000.
A number of other institutional investors have also modified their holdings of the company. Federated Hermes Inc. boosted its stake in Ralph Lauren by 929.3% in the 2nd quarter. Federated Hermes Inc. now owns 772 shares of the textile maker's stock worth $135,000 after buying an additional 697 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Ralph Lauren by 8.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 3,166 shares of the textile maker's stock worth $554,000 after acquiring an additional 235 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in Ralph Lauren by 20.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,014 shares of the textile maker's stock valued at $528,000 after purchasing an additional 514 shares during the period. Blair William & Co. IL purchased a new stake in Ralph Lauren in the second quarter valued at approximately $330,000. Finally, Ensign Peak Advisors Inc increased its position in Ralph Lauren by 41.9% during the second quarter. Ensign Peak Advisors Inc now owns 16,624 shares of the textile maker's stock worth $2,910,000 after purchasing an additional 4,905 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company's stock.
Analyst Ratings Changes
Several analysts have recently issued reports on RL shares. TD Cowen boosted their price objective on shares of Ralph Lauren from $208.00 to $251.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. StockNews.com raised Ralph Lauren from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. The Goldman Sachs Group upped their price target on Ralph Lauren from $171.00 to $193.00 and gave the stock a "neutral" rating in a research note on Monday, October 21st. Raymond James lifted their price objective on Ralph Lauren from $215.00 to $235.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Finally, Argus raised shares of Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 target price on the stock in a research note on Tuesday, December 31st. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $228.09.
Check Out Our Latest Stock Report on Ralph Lauren
Ralph Lauren Stock Down 0.1 %
RL stock traded down $0.35 during trading on Friday, reaching $256.17. The stock had a trading volume of 512,929 shares, compared to its average volume of 681,362. The firm has a fifty day moving average price of $231.00 and a 200 day moving average price of $200.19. 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 company has a market capitalization of $15.91 billion, a P/E ratio of 24.42, a PEG ratio of 1.85 and a beta of 1.49. Ralph Lauren Co. has a 1-year low of $139.49 and a 1-year high of $257.41.
Ralph Lauren (NYSE:RL - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, topping 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 business had revenue of $1.73 billion for the quarter, compared to analysts' expectations of $1.68 billion. During the same quarter in the previous year, the firm posted $2.10 earnings per share. The company's revenue was up 5.7% compared to the same quarter last year. On average, equities analysts anticipate that Ralph Lauren Co. will post 11.75 earnings per share for the current year.
Ralph Lauren Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were given a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Friday, December 27th. Ralph Lauren's payout ratio is currently 31.46%.
Ralph Lauren Profile
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Free Report)
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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