Atria Investments Inc Increases Stake in Ralph Lauren Co. (NYSE:RL)

Atria Investments Inc raised its holdings in shares of Ralph Lauren Co. (NYSE:RL) by 55.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,922 shares of the textile maker’s stock after buying an additional 688 shares during the period. Atria Investments Inc’s holdings in Ralph Lauren were worth $373,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Boston Partners increased its holdings 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 buying an additional 41,482 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Ralph Lauren by 12,493.8% during the second quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker’s stock valued at $175,470,000 after buying an additional 994,385 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Ralph Lauren by 158.1% in the second quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock worth $149,478,000 after purchasing an additional 528,778 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Ralph Lauren by 42.2% in the second quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker’s stock worth $111,760,000 after purchasing an additional 189,600 shares in the last quarter. Finally, Swedbank AB increased its stake in shares of Ralph Lauren by 18.5% in the second 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 in the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on RL shares. The Goldman Sachs Group increased their price objective on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. TD Cowen increased their price objective on shares of Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Barclays increased their price objective on shares of Ralph Lauren from $200.00 to $257.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Telsey Advisory Group reissued an “outperform” rating and issued a $207.00 price objective on shares of Ralph Lauren in a research note on Thursday, November 7th. Finally, StockNews.com upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Ralph Lauren presently has an average rating of “Moderate Buy” and a consensus target price of $223.90.

Ralph Lauren Price Performance

RL stock opened at $207.12 on Friday. Ralph Lauren Co. has a 52 week low of $120.95 and a 52 week high of $237.16. The firm has a market capitalization of $12.86 billion, a P/E ratio of 19.74, a price-to-earnings-growth ratio of 1.58 and a beta of 1.49. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40. The company has a fifty day simple moving average of $199.24 and a two-hundred day simple moving average of $181.90.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.11. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the firm posted $2.10 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. Analysts anticipate that Ralph Lauren Co. will post 11.71 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren’s dividend payout ratio is currently 31.46%.

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.