World Investment Advisors LLC Purchases Shares of 99,654 Ralph Lauren Co. (NYSE:RL)

World Investment Advisors LLC acquired a new stake in Ralph Lauren Co. (NYSE:RL - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 99,654 shares of the textile maker's stock, valued at approximately $19,320,000. World Investment Advisors LLC owned approximately 0.16% of Ralph Lauren at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Pacer Advisors Inc. boosted its holdings in Ralph Lauren by 12,493.8% in the 2nd quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker's stock worth $175,470,000 after buying an additional 994,385 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Ralph Lauren by 158.1% in the second quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker's stock worth $149,478,000 after acquiring an additional 528,778 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of 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 purchasing an additional 189,600 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in Ralph Lauren by 3,520.3% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 120,231 shares of the textile maker's stock valued at $21,047,000 after purchasing an additional 116,910 shares during the last quarter. Finally, Atreides Management LP lifted its holdings in Ralph Lauren by 28.3% in the 3rd quarter. Atreides Management LP now owns 377,481 shares of the textile maker's stock valued at $73,182,000 after purchasing an additional 83,349 shares in the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Trading Down 0.6 %

Shares of RL traded down $1.41 during trading on Thursday, reaching $226.00. 523,062 shares of the company traded hands, compared to its average volume of 848,491. The stock has a 50-day simple moving average of $210.04 and a 200-day simple moving average of $187.84. The stock has a market cap of $14.03 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 1.77 and a beta of 1.50. Ralph Lauren Co. has a twelve month low of $134.90 and a twelve month high of $237.16. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, beating 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 firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter last year, the firm earned $2.10 EPS. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. On average, analysts anticipate that Ralph Lauren Co. will post 11.71 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren's payout ratio is 31.46%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on RL shares. Telsey Advisory Group reiterated an "outperform" rating and issued a $207.00 target price on shares of Ralph Lauren in a research report on Thursday, November 7th. The Goldman Sachs Group increased their price objective on shares of Ralph Lauren from $171.00 to $193.00 and gave the company a "neutral" rating in a report on Monday, October 21st. Guggenheim boosted their target price on Ralph Lauren from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, October 28th. Cfra set a $171.00 price objective on Ralph Lauren in a research note on Thursday, October 17th. Finally, TD Cowen lifted their price target on Ralph Lauren from $208.00 to $251.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, Ralph Lauren has an average rating of "Moderate Buy" and a consensus price target 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.