UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stake in Ralph Lauren Co. (NYSE:RL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 30.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 305,532 shares of the textile maker's stock after purchasing an additional 71,479 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.49% of Ralph Lauren worth $59,233,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Comerica Bank raised its holdings in Ralph Lauren by 166.9% in the 1st quarter. Comerica Bank now owns 20,127 shares of the textile maker's stock valued at $3,779,000 after acquiring an additional 12,585 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Ralph Lauren by 71.6% in the 2nd quarter. GAMMA Investing LLC now owns 604 shares of the textile maker's stock valued at $106,000 after buying an additional 252 shares during the period. Versant Capital Management Inc increased its holdings in shares of Ralph Lauren by 1,775.0% during the 2nd quarter. Versant Capital Management Inc now owns 225 shares of the textile maker's stock worth $39,000 after buying an additional 213 shares during the last quarter. Mather Group LLC. raised its position in shares of Ralph Lauren by 26.3% during the 2nd quarter. Mather Group LLC. now owns 432 shares of the textile maker's stock valued at $81,000 after buying an additional 90 shares during the period. Finally, Fulton Bank N.A. lifted its holdings in Ralph Lauren by 10.3% in the second quarter. Fulton Bank N.A. now owns 2,774 shares of the textile maker's stock valued at $486,000 after acquiring an additional 259 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company's stock.

Ralph Lauren Stock Performance

Shares of RL stock traded down $1.55 during trading hours on Tuesday, hitting $231.86. The stock had a trading volume of 629,696 shares, compared to its average volume of 856,598. 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 firm has a market capitalization of $14.40 billion, a PE ratio of 22.08, a PEG ratio of 1.80 and a beta of 1.50. The stock's 50 day moving average is $204.88 and its 200 day moving average is $184.93. Ralph Lauren Co. has a twelve month low of $127.68 and a twelve month high of $237.16.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the previous year, the business posted $2.10 earnings per share. Ralph Lauren's quarterly revenue was up 5.7% on a year-over-year basis. As a group, research analysts forecast that Ralph Lauren Co. will post 11.71 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date was Friday, September 27th. Ralph Lauren's dividend payout ratio is presently 31.46%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RL. Guggenheim boosted their price objective on shares of Ralph Lauren from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, October 28th. Wells Fargo & Company lifted their target price on shares of Ralph Lauren from $195.00 to $205.00 and gave the company an "equal weight" rating in a report on Wednesday, October 23rd. The Goldman Sachs Group upped their price target on Ralph Lauren from $171.00 to $193.00 and gave the stock a "neutral" rating in a research note on Monday, October 21st. TD Cowen increased their target price on shares of Ralph Lauren from $208.00 to $251.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $207.00 target price on shares of Ralph Lauren in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Ralph Lauren has an average rating of "Moderate Buy" and a consensus target price of $223.90.

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.