Wealth Enhancement Advisory Services LLC Has $1.40 Million Holdings in Ralph Lauren Co. (NYSE:RL)

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 148.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,207 shares of the textile maker's stock after acquiring an additional 4,307 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Ralph Lauren were worth $1,397,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Ralph Lauren by 11.1% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 63,743 shares of the textile maker's stock valued at $11,968,000 after purchasing an additional 6,378 shares during the period. Bessemer Group Inc. boosted its stake in Ralph Lauren by 708.2% during the 1st quarter. Bessemer Group Inc. now owns 9,020 shares of the textile maker's stock valued at $1,694,000 after purchasing an additional 7,904 shares during the period. Sei Investments Co. boosted its stake in Ralph Lauren by 124.3% during the 1st quarter. Sei Investments Co. now owns 32,173 shares of the textile maker's stock valued at $6,041,000 after purchasing an additional 17,827 shares during the period. UniSuper Management Pty Ltd boosted its stake in Ralph Lauren by 891.9% during the 1st quarter. UniSuper Management Pty Ltd now owns 5,009 shares of the textile maker's stock valued at $940,000 after purchasing an additional 4,504 shares during the period. Finally, CWM LLC boosted its stake in Ralph Lauren by 267.3% during the 2nd quarter. CWM LLC now owns 5,804 shares of the textile maker's stock valued at $1,016,000 after purchasing an additional 4,224 shares during the period. Institutional investors own 67.91% of the company's stock.

Ralph Lauren Trading Up 1.7 %

Shares of NYSE:RL traded up $3.47 during midday trading on Tuesday, hitting $203.36. The company had a trading volume of 763,389 shares, compared to its average volume of 860,367. Ralph Lauren Co. has a 12 month low of $111.94 and a 12 month high of $207.06. The company has a current ratio of 2.19, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59. The stock has a market cap of $12.60 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 1.61 and a beta of 1.49. The firm has a fifty day simple moving average of $189.48 and a 200 day simple moving average of $178.01.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The textile maker reported $2.70 EPS for the quarter, topping the consensus estimate of $2.45 by $0.25. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The firm's revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.34 EPS. On average, analysts predict that Ralph Lauren Co. will post 11.26 EPS for the current year.

Ralph Lauren Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Friday, September 27th. Ralph Lauren's dividend payout ratio is 31.82%.

Wall Street Analyst Weigh In

Several research firms have commented on RL. TD Cowen upped their price target on Ralph Lauren from $208.00 to $251.00 and gave the company a "buy" rating in a report on Tuesday. Cfra set a $171.00 target price on Ralph Lauren in a report on Thursday, October 17th. The Goldman Sachs Group raised their price target on Ralph Lauren from $171.00 to $193.00 and gave the company a "neutral" rating in a report on Monday, October 21st. Barclays raised their price target on Ralph Lauren from $195.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, August 8th. Finally, Guggenheim raised their price target on Ralph Lauren from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $198.27.

Ralph Lauren 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.