Creative Planning Reduces Holdings in Ralph Lauren Co. (NYSE:RL)

Creative Planning trimmed its position in shares of Ralph Lauren Co. (NYSE:RL) by 20.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,549 shares of the textile maker’s stock after selling 403 shares during the quarter. Creative Planning’s holdings in Ralph Lauren were worth $300,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. ORG Wealth Partners LLC bought a new stake in shares of Ralph Lauren during the third quarter worth $91,000. Exchange Traded Concepts LLC lifted its position in shares of Ralph Lauren by 93.2% during the third quarter. Exchange Traded Concepts LLC now owns 4,803 shares of the textile maker’s stock worth $931,000 after purchasing an additional 2,317 shares during the last quarter. Ritholtz Wealth Management lifted its position in shares of Ralph Lauren by 18.8% during the third quarter. Ritholtz Wealth Management now owns 5,778 shares of the textile maker’s stock worth $1,120,000 after purchasing an additional 914 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Ralph Lauren by 23.9% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,700 shares of the textile maker’s stock worth $1,109,000 after purchasing an additional 1,100 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Ralph Lauren by 66.9% during the third quarter. CWM LLC now owns 9,689 shares of the textile maker’s stock worth $1,878,000 after purchasing an additional 3,885 shares during the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Stock Performance

Shares of Ralph Lauren stock opened at $222.58 on Friday. The company has a market capitalization of $13.79 billion, a PE ratio of 21.22, a P/E/G ratio of 1.65 and a beta of 1.49. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 2.19. The company has a 50-day simple moving average of $192.92 and a two-hundred day simple moving average of $179.25. Ralph Lauren Co. has a one year low of $113.92 and a one year high of $237.16.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.10 earnings per share. Research analysts expect that Ralph Lauren Co. will post 11.33 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders 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 annualized dividend and a dividend yield of 1.48%. Ralph Lauren’s dividend payout ratio (DPR) is currently 31.46%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on RL shares. Guggenheim lifted their target price on Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. UBS Group lifted their target price on Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday. Telsey Advisory Group reiterated an “outperform” rating and set a $207.00 target price on shares of Ralph Lauren in a research report on Thursday. StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a report on Friday. Finally, Barclays lifted their price objective on Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a report on Friday. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Ralph Lauren presently has a consensus rating of “Moderate Buy” and a consensus target price of $223.90.

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.