Signaturefd LLC Buys 245 Shares of Ralph Lauren Co. (NYSE:RL)

Signaturefd LLC raised its holdings in Ralph Lauren Co. (NYSE:RL) by 66.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 612 shares of the textile maker’s stock after buying an additional 245 shares during the quarter. Signaturefd LLC’s holdings in Ralph Lauren were worth $119,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Family Firm Inc. acquired a new position in shares of Ralph Lauren during the second quarter worth approximately $30,000. Gladius Capital Management LP acquired a new position in shares of Ralph Lauren during the second quarter worth approximately $31,000. Versant Capital Management Inc raised its position in shares of Ralph Lauren by 1,775.0% during the second quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after purchasing an additional 213 shares during the period. Fidelis Capital Partners LLC purchased a new stake in Ralph Lauren in the 1st quarter valued at $42,000. Finally, EntryPoint Capital LLC purchased a new stake in Ralph Lauren in the 1st quarter valued at $63,000. 67.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on RL shares. The Goldman Sachs Group increased their price target on Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Argus restated a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, July 2nd. Wells Fargo & Company upped their price objective on Ralph Lauren from $195.00 to $205.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Cfra set a $171.00 price objective on Ralph Lauren in a research note on Thursday, October 17th. Finally, TD Cowen upped their price objective on Ralph Lauren from $193.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $194.36.

Ralph Lauren Stock Up 2.8 %

Shares of NYSE RL opened at $203.03 on Tuesday. Ralph Lauren Co. has a 52 week low of $109.94 and a 52 week high of $207.06. The business has a 50-day simple moving average of $186.50 and a two-hundred day simple moving average of $176.58. 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 market cap of $12.58 billion, a P/E ratio of 19.58, a P/E/G ratio of 1.62 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.25. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the firm posted $2.34 EPS. The company’s revenue was up 1.0% compared to the same quarter last year. Research analysts anticipate that Ralph Lauren Co. will post 11.25 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.63%. Ralph Lauren’s dividend payout ratio is 31.82%.

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