Pacer Advisors Inc. Grows Stock Holdings in Ralph Lauren Co. (NYSE:RL)

Pacer Advisors Inc. grew its holdings in Ralph Lauren Co. (NYSE:RL) by 12,493.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,002,344 shares of the textile maker’s stock after buying an additional 994,385 shares during the period. Pacer Advisors Inc. owned approximately 1.60% of Ralph Lauren worth $175,470,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Ralph Lauren by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 4,908,575 shares of the textile maker’s stock valued at $921,634,000 after acquiring an additional 203,495 shares during the last quarter. Boston Partners raised its position in Ralph Lauren by 3.4% during the first quarter. Boston Partners now owns 1,255,482 shares of the textile maker’s stock valued at $235,662,000 after purchasing an additional 41,482 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Ralph Lauren by 42.2% in the 2nd quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker’s stock valued at $111,760,000 after purchasing an additional 189,600 shares during the last quarter. Swedbank AB boosted its holdings in shares of Ralph Lauren by 18.5% in the 2nd quarter. Swedbank AB now owns 385,000 shares of the textile maker’s stock worth $67,398,000 after purchasing an additional 60,000 shares during the period. Finally, Los Angeles Capital Management LLC increased its position in shares of Ralph Lauren by 10,207.7% during the 1st quarter. Los Angeles Capital Management LLC now owns 325,208 shares of the textile maker’s stock valued at $61,061,000 after purchasing an additional 322,053 shares during the last quarter. 67.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Telsey Advisory Group raised their price target on Ralph Lauren from $195.00 to $207.00 and gave the stock an “outperform” rating in a research report on Friday. Barclays raised their target price on shares of Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Wells Fargo & Company cut their price target on shares of Ralph Lauren from $185.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, May 24th. TD Cowen decreased their price objective on shares of Ralph Lauren from $196.00 to $193.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Guggenheim restated a “buy” rating and set a $200.00 target price on shares of Ralph Lauren in a research report on Friday, May 24th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $186.00.

Ralph Lauren Trading Up 0.3 %

RL opened at $185.30 on Friday. The company has a market capitalization of $11.58 billion, a P/E ratio of 19.06, a PEG ratio of 1.49 and a beta of 1.49. The company has a quick ratio of 1.53, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. Ralph Lauren Co. has a 52 week low of $108.60 and a 52 week high of $192.03. The stock’s fifty day moving average is $170.22 and its two-hundred day moving average is $173.44.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Wednesday, August 7th. The textile maker reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.25. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the firm earned $2.34 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. Analysts forecast that Ralph Lauren Co. will post 11.23 earnings per share for the current year.

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be paid a $0.825 dividend. The ex-dividend date is Friday, September 27th. This represents a $3.30 annualized dividend and a yield of 1.78%. Ralph Lauren’s dividend payout ratio (DPR) is presently 33.95%.

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.