Savoir Faire Capital Management L.P. Has $4.64 Million Position in Ralph Lauren Co. (NYSE:RL)

Savoir Faire Capital Management L.P. lifted its position in Ralph Lauren Co. (NYSE:RL - Free Report) by 41.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,914 shares of the textile maker's stock after purchasing an additional 6,967 shares during the quarter. Ralph Lauren accounts for 2.4% of Savoir Faire Capital Management L.P.'s portfolio, making the stock its 19th largest position. Savoir Faire Capital Management L.P.'s holdings in Ralph Lauren were worth $4,636,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Family Firm Inc. bought a new stake in shares of Ralph Lauren in the 2nd quarter valued at approximately $30,000. Gladius Capital Management LP bought a new stake in Ralph Lauren in the second quarter valued at $31,000. Huntington National Bank raised its stake in Ralph Lauren by 86.6% during the third quarter. Huntington National Bank now owns 222 shares of the textile maker's stock worth $43,000 after acquiring an additional 103 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of 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 during the period. Finally, AM Squared Ltd bought a new position in shares of Ralph Lauren during the third quarter valued at $58,000. 67.91% of the stock is owned by institutional investors.

Ralph Lauren Trading Down 1.1 %

Shares of RL traded down $2.30 during trading hours on Tuesday, hitting $205.53. 611,158 shares of the stock traded hands, compared to its average volume of 858,715. The business has a fifty day moving average of $198.06 and a 200-day moving average of $181.58. 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 firm has a market capitalization of $12.76 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 1.60 and a beta of 1.49. Ralph Lauren Co. has a 1-year low of $120.95 and a 1-year high of $237.16.

Ralph Lauren (NYSE:RL - Get Free Report) last released its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company's revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.10 EPS. Analysts expect that Ralph Lauren Co. will post 11.71 EPS for the current year.

Ralph Lauren Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Friday, September 27th. Ralph Lauren's payout ratio is 31.46%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. UBS Group increased their target price on shares of Ralph Lauren from $287.00 to $300.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. StockNews.com raised shares of Ralph Lauren from a "hold" rating to a "buy" rating in a report on Monday. Wells Fargo & Company boosted their target price on Ralph Lauren from $195.00 to $205.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 23rd. TD Cowen raised their price target on Ralph Lauren from $208.00 to $251.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Finally, Cfra set a $171.00 price objective on Ralph Lauren in a research report on Thursday, October 17th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $223.90.

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.