Cetera Investment Advisers Sells 228 Shares of Ralph Lauren Co. (NYSE:RL)

Cetera Investment Advisers lowered its holdings in Ralph Lauren Co. (NYSE:RL) by 3.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,395 shares of the textile maker’s stock after selling 228 shares during the quarter. Cetera Investment Advisers’ holdings in Ralph Lauren were worth $1,120,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RL. CWM LLC increased its holdings in shares of Ralph Lauren by 161.6% during the first quarter. CWM LLC now owns 1,580 shares of the textile maker’s stock worth $297,000 after buying an additional 976 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Ralph Lauren during the first quarter worth approximately $64,000. Fulton Bank N.A. increased its holdings in shares of Ralph Lauren by 41.4% during the first quarter. Fulton Bank N.A. now owns 2,515 shares of the textile maker’s stock worth $472,000 after buying an additional 736 shares in the last quarter. Radnor Capital Management LLC acquired a new stake in shares of Ralph Lauren during the first quarter worth approximately $314,000. Finally, Artemis Investment Management LLP increased its holdings in shares of Ralph Lauren by 11,052.5% during the first quarter. Artemis Investment Management LLP now owns 177,548 shares of the textile maker’s stock worth $33,325,000 after buying an additional 175,956 shares in the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Up 0.4 %

Ralph Lauren stock opened at $202.09 on Thursday. The firm has a market capitalization of $12.63 billion, a PE ratio of 20.79, a P/E/G ratio of 1.60 and a beta of 1.49. The company’s 50-day moving average is $180.33 and its 200-day moving average is $174.94. Ralph Lauren Co. has a fifty-two week low of $109.59 and a fifty-two week high of $206.74. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.53.

Ralph Lauren (NYSE:RL) last announced its earnings results on Wednesday, August 7th. The textile maker reported $2.70 EPS for the quarter, topping the consensus estimate of $2.45 by $0.25. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate 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 was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.34 EPS. Sell-side analysts anticipate that Ralph Lauren Co. will post 11.23 earnings per share for the current 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 1.63%. The ex-dividend date was Friday, September 27th. Ralph Lauren’s dividend payout ratio is currently 33.95%.

Wall Street Analyst Weigh In

RL has been the subject of a number of research reports. StockNews.com raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Friday, October 11th. Wells Fargo & Company raised their price target on shares of Ralph Lauren from $175.00 to $195.00 and gave the company an “equal weight” rating in a report on Thursday, September 26th. Argus reissued a “hold” rating on shares of Ralph Lauren in a report on Tuesday, July 2nd. Barclays raised their price target on shares of Ralph Lauren from $195.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $207.00 price target on shares of Ralph Lauren in a report on Thursday, September 26th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $189.00.

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.