Ralph Lauren Co. (NYSE:RL) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC raised its stake in Ralph Lauren Co. (NYSE:RL) by 70.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,436 shares of the textile maker’s stock after purchasing an additional 5,133 shares during the quarter. Cerity Partners LLC’s holdings in Ralph Lauren were worth $2,411,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Comerica Bank raised its stake in shares of Ralph Lauren by 166.9% in the 1st quarter. Comerica Bank now owns 20,127 shares of the textile maker’s stock valued at $3,779,000 after acquiring an additional 12,585 shares during the period. GAMMA Investing LLC lifted its stake in shares of Ralph Lauren by 71.6% during the second quarter. GAMMA Investing LLC now owns 604 shares of the textile maker’s stock worth $106,000 after purchasing an additional 252 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Ralph Lauren by 1,775.0% in the second quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after buying an additional 213 shares during the period. Mather Group LLC. grew its stake in shares of Ralph Lauren by 26.3% in the second quarter. Mather Group LLC. now owns 432 shares of the textile maker’s stock valued at $81,000 after buying an additional 90 shares in the last quarter. Finally, Fulton Bank N.A. raised its holdings in shares of Ralph Lauren by 10.3% during the 2nd quarter. Fulton Bank N.A. now owns 2,774 shares of the textile maker’s stock valued at $486,000 after buying an additional 259 shares during the period. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Stock Performance

RL opened at $231.40 on Monday. 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 firm has a market cap of $14.37 billion, a PE ratio of 22.06, a P/E/G ratio of 1.78 and a beta of 1.49. The business has a fifty day simple moving average of $203.93 and a 200-day simple moving average of $184.33. Ralph Lauren Co. has a fifty-two week low of $127.68 and a fifty-two week high of $237.16.

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

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a $0.825 dividend. The ex-dividend date was Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.43%. Ralph Lauren’s dividend payout ratio (DPR) is currently 31.46%.

Analyst Ratings Changes

Several research analysts have recently weighed in on RL shares. Barclays upped their target price on shares of Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Cfra set a $171.00 price objective on shares of Ralph Lauren in a research report on Thursday, October 17th. Wells Fargo & Company lifted their target price on Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Telsey Advisory Group reissued an “outperform” rating and issued a $207.00 price target on shares of Ralph Lauren in a report on Thursday, November 7th. Finally, StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Ralph Lauren currently has an average rating of “Moderate Buy” and an average target price of $223.90.

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.