Quest Partners LLC Buys 4,178 Shares of Ralph Lauren Co. (NYSE:RL)

Quest Partners LLC increased its stake in Ralph Lauren Co. (NYSE:RL - Free Report) by 210.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,167 shares of the textile maker's stock after purchasing an additional 4,178 shares during the period. Quest Partners LLC's holdings in Ralph Lauren were worth $1,196,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in RL. Swiss National Bank lifted its stake in Ralph Lauren by 3.5% in the 3rd quarter. Swiss National Bank now owns 79,600 shares of the textile maker's stock valued at $15,432,000 after purchasing an additional 2,700 shares during the last quarter. Claro Advisors LLC acquired a new stake in Ralph Lauren during the third quarter worth approximately $263,000. AM Squared Ltd bought a new stake in shares of Ralph Lauren during the third quarter worth approximately $58,000. Mutual of America Capital Management LLC lifted its holdings in shares of Ralph Lauren by 8.2% during the third quarter. Mutual of America Capital Management LLC now owns 16,911 shares of the textile maker's stock worth $3,279,000 after buying an additional 1,283 shares in the last quarter. Finally, Natixis Advisors LLC boosted its holdings in Ralph Lauren by 3.9% in the 3rd quarter. Natixis Advisors LLC now owns 13,343 shares of the textile maker's stock valued at $2,587,000 after purchasing an additional 502 shares during the period. Institutional investors own 67.91% of the company's stock.

Ralph Lauren Price Performance

RL stock traded down $3.38 during trading on Wednesday, reaching $202.15. 731,710 shares of the company were exchanged, compared to its average volume of 859,587. The company has a market capitalization of $12.55 billion, a price-to-earnings ratio of 19.59, a P/E/G ratio of 1.60 and a beta of 1.49. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18. The company has a 50-day moving average of $198.06 and a two-hundred day moving average of $181.58. Ralph Lauren Co. has a twelve month low of $120.95 and a twelve month high of $237.16.

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

Ralph Lauren Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren's payout ratio is 31.46%.

Analysts Set New Price Targets

Several brokerages have weighed in on RL. Raymond James lifted their price objective on Ralph Lauren from $215.00 to $235.00 and gave the company an "outperform" rating in a report on Friday, November 8th. The Goldman Sachs Group upped their price objective on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a "neutral" rating in a research report on Monday, October 21st. Barclays increased their price objective on shares of Ralph Lauren from $200.00 to $257.00 and gave the stock an "overweight" rating in a research note on Friday, November 8th. Guggenheim boosted their target price on shares of Ralph Lauren from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, October 28th. Finally, TD Cowen increased their price target on shares of Ralph Lauren from $208.00 to $251.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price 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.