Worldquant Millennium Advisors LLC Purchases 3,644 Shares of Ralph Lauren Co. (NYSE:RL)

Worldquant Millennium Advisors LLC lifted its position in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 34.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,356 shares of the textile maker's stock after purchasing an additional 3,644 shares during the period. Worldquant Millennium Advisors LLC's holdings in Ralph Lauren were worth $2,783,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in RL. Pacer Advisors Inc. lifted its position in shares of Ralph Lauren by 12,493.8% during the second quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker's stock valued at $175,470,000 after purchasing an additional 994,385 shares in the last quarter. AQR Capital Management LLC increased its holdings in Ralph Lauren by 158.1% during the second quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker's stock worth $149,478,000 after buying an additional 528,778 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Ralph Lauren by 42.2% during the second quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker's stock worth $111,760,000 after buying an additional 189,600 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in Ralph Lauren by 3,520.3% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 120,231 shares of the textile maker's stock worth $21,047,000 after buying an additional 116,910 shares during the last quarter. Finally, Atreides Management LP increased its holdings in Ralph Lauren by 28.3% during the third quarter. Atreides Management LP now owns 377,481 shares of the textile maker's stock worth $73,182,000 after buying an additional 83,349 shares during the last quarter. 67.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

RL has been the subject of a number of research analyst reports. Telsey Advisory Group restated an "outperform" rating and set a $207.00 price objective on shares of Ralph Lauren in a report on Thursday, November 7th. StockNews.com upgraded shares of Ralph Lauren from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. Guggenheim lifted their target price on shares of Ralph Lauren from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, October 28th. Raymond James lifted their target price on shares of Ralph Lauren from $215.00 to $235.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Finally, Wells Fargo & Company lifted their target price on shares of Ralph Lauren from $195.00 to $205.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 23rd. Three 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.com, the company presently has an average rating of "Moderate Buy" and an average target price of $223.90.

Ralph Lauren Trading Down 1.1 %

Shares of NYSE RL traded down $2.64 during mid-day trading on Monday, hitting $228.10. The stock had a trading volume of 662,085 shares, compared to its average volume of 852,548. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.18 and a current ratio of 1.72. Ralph Lauren Co. has a 1 year low of $132.13 and a 1 year high of $237.16. The business has a 50 day moving average price of $207.97 and a two-hundred day moving average price of $186.77. The firm has a market cap of $14.17 billion, a P/E ratio of 22.00, a price-to-earnings-growth ratio of 1.77 and a beta of 1.50.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its 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. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.68 billion. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.10 earnings per share. On average, equities analysts anticipate that Ralph Lauren Co. will post 11.71 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders 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 1.45%. The ex-dividend date was Friday, September 27th. Ralph Lauren's dividend payout ratio is presently 31.46%.

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.