Quantinno Capital Management LP Has $4.30 Million Stock Holdings in Ralph Lauren Co. (NYSE:RL)

Quantinno Capital Management LP raised its holdings in Ralph Lauren Co. (NYSE:RL - Free Report) by 37.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,168 shares of the textile maker's stock after acquiring an additional 6,043 shares during the quarter. Quantinno Capital Management LP's holdings in Ralph Lauren were worth $4,298,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. CWM LLC boosted its stake in shares of Ralph Lauren by 267.3% during the 2nd quarter. CWM LLC now owns 5,804 shares of the textile maker's stock worth $1,016,000 after purchasing an additional 4,224 shares during the last quarter. Swedbank AB grew its position in shares of Ralph Lauren by 18.5% in the second quarter. Swedbank AB now owns 385,000 shares of the textile maker's stock valued at $67,398,000 after purchasing an additional 60,000 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Ralph Lauren by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker's stock worth $95,537,000 after buying an additional 13,640 shares during the period. Bridgewater Associates LP boosted its stake in Ralph Lauren by 145.8% in the 3rd quarter. Bridgewater Associates LP now owns 59,927 shares of the textile maker's stock worth $11,618,000 after buying an additional 35,550 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Ralph Lauren during the 3rd quarter valued at about $1,819,000. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on RL shares. Barclays raised their target price on shares of Ralph Lauren from $200.00 to $257.00 and gave the company an "overweight" rating in a research note on Friday, November 8th. StockNews.com upgraded shares of Ralph Lauren from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Guggenheim raised their target price on Ralph Lauren from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, October 28th. TD Cowen raised their price objective on Ralph Lauren from $208.00 to $251.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Finally, Cfra set a $171.00 price target on shares of Ralph Lauren in a research note on Thursday, October 17th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $223.90.

Ralph Lauren Stock Down 1.1 %

NYSE RL traded down $2.61 during trading on Monday, reaching $228.13. 661,983 shares of the company's stock were exchanged, compared to its average volume of 851,735. The firm has a market capitalization of $14.17 billion, a PE ratio of 22.00, a P/E/G ratio of 1.77 and a beta of 1.50. Ralph Lauren Co. has a fifty-two week low of $132.13 and a fifty-two week high of $237.16. 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's fifty day simple moving average is $207.97 and its 200-day simple moving average is $186.77.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.11. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The business's revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.10 EPS. Sell-side analysts predict that Ralph Lauren Co. will post 11.71 EPS for the current year.

Ralph Lauren Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Friday, September 27th. Ralph Lauren's dividend payout ratio is 31.46%.

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.