Envestnet Asset Management Inc. Has $28.71 Million Stock Position in Ralph Lauren Co. (NYSE:RL)

Envestnet Asset Management Inc. grew its position in Ralph Lauren Co. (NYSE:RL) by 26.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 164,022 shares of the textile maker’s stock after buying an additional 34,019 shares during the period. Envestnet Asset Management Inc. owned approximately 0.26% of Ralph Lauren worth $28,714,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Family Firm Inc. acquired a new position in shares of Ralph Lauren during the 2nd quarter worth about $30,000. Gladius Capital Management LP acquired a new position in Ralph Lauren in the 2nd quarter valued at about $31,000. Fidelis Capital Partners LLC acquired a new position in Ralph Lauren in the 1st quarter valued at about $42,000. Versant Capital Management Inc grew its stake in Ralph Lauren by 1,775.0% in the 2nd quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock valued at $39,000 after buying an additional 213 shares during the last quarter. Finally, EntryPoint Capital LLC acquired a new position in Ralph Lauren in the 1st quarter valued at about $63,000. 67.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on RL shares. Telsey Advisory Group increased their target price on shares of Ralph Lauren from $195.00 to $207.00 and gave the stock an “outperform” rating in a research report on Friday. Argus restated a “hold” rating on shares of Ralph Lauren in a research report on Tuesday, July 2nd. Barclays increased their target price on shares of Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. StockNews.com downgraded shares of Ralph Lauren from a “buy” rating to a “hold” rating in a report on Friday, September 6th. Finally, TD Cowen cut their price target on shares of Ralph Lauren from $196.00 to $193.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Ralph Lauren presently has an average rating of “Moderate Buy” and a consensus target price of $186.00.

Ralph Lauren Trading Up 0.3 %

RL opened at $185.31 on Friday. Ralph Lauren Co. has a twelve month low of $108.60 and a twelve month high of $192.03. The company has a quick ratio of 1.53, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The company has a fifty day moving average of $170.22 and a 200-day moving average of $173.40. The stock has a market cap of $11.58 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 1.49 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Wednesday, August 7th. The textile maker reported $2.70 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.25. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. Ralph Lauren’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.34 earnings per share. On average, sell-side analysts predict that Ralph Lauren Co. will post 11.23 EPS for the current year.

Ralph Lauren Announces Dividend

The firm also recently disclosed 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. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Friday, September 27th. Ralph Lauren’s dividend payout ratio (DPR) is 33.95%.

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