Absher Wealth Management LLC Purchases 3,708 Shares of Ralph Lauren Co. (NYSE:RL)

Absher Wealth Management LLC grew its stake in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 2.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 151,494 shares of the textile maker's stock after acquiring an additional 3,708 shares during the period. Ralph Lauren comprises 3.8% of Absher Wealth Management LLC's investment portfolio, making the stock its 11th biggest position. Absher Wealth Management LLC owned approximately 0.24% of Ralph Lauren worth $29,370,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of RL. Family Firm Inc. bought a new position in Ralph Lauren in the 2nd quarter worth approximately $30,000. Gladius Capital Management LP purchased a new stake in shares of Ralph Lauren in the second quarter worth about $31,000. Fidelis Capital Partners LLC bought a new position in shares of Ralph Lauren in the first quarter valued at approximately $42,000. Versant Capital Management Inc grew its stake in Ralph Lauren by 1,775.0% during the second quarter. Versant Capital Management Inc now owns 225 shares of the textile maker's stock valued at $39,000 after acquiring an additional 213 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new stake in Ralph Lauren during the 1st quarter worth approximately $63,000. Hedge funds and other institutional investors own 67.91% of the company's stock.

Ralph Lauren Trading Up 0.0 %

RL stock traded up $0.08 during trading on Friday, hitting $198.01. 372,101 shares of the company traded hands, compared to its average volume of 861,623. The company has a 50-day moving average of $187.86 and a 200-day moving average of $177.06. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 2.19. Ralph Lauren Co. has a 1 year low of $111.30 and a 1 year high of $207.06. The firm has a market capitalization of $12.26 billion, a PE ratio of 18.85, a P/E/G ratio of 1.65 and a beta of 1.49.

Ralph Lauren (NYSE:RL - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The textile maker reported $2.70 earnings per share for the quarter, beating analysts' consensus estimates of $2.45 by $0.25. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the firm posted $2.34 earnings per share. The business's quarterly revenue was up 1.0% compared to the same quarter last year. Analysts predict that Ralph Lauren Co. will post 11.25 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren's payout ratio is 31.82%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. The Goldman Sachs Group boosted their price target on shares of Ralph Lauren from $171.00 to $193.00 and gave the company a "neutral" rating in a research report on Monday, October 21st. StockNews.com lowered Ralph Lauren from a "buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. Guggenheim lifted their price target on Ralph Lauren from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Monday. Barclays raised their target price on shares of Ralph Lauren from $195.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, August 8th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $207.00 price objective on shares of Ralph Lauren in a report on Thursday, September 26th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $194.36.

Ralph Lauren Company Profile

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.