Ralph Lauren Co. (NYSE:RL) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its stake in shares of Ralph Lauren Co. (NYSE:RL) by 17.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,848 shares of the textile maker’s stock after purchasing an additional 278 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Ralph Lauren were worth $358,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of RL. Comerica Bank increased its position 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 purchasing an additional 12,585 shares during the last quarter. GAMMA Investing LLC grew 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 increased its holdings in Ralph Lauren by 1,775.0% in the second quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock valued at $39,000 after buying an additional 213 shares during the last quarter. Mather Group LLC. raised its stake in 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. lifted its holdings in Ralph Lauren by 10.3% during the 2nd quarter. Fulton Bank N.A. now owns 2,774 shares of the textile maker’s stock worth $486,000 after buying an additional 259 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

NYSE:RL opened at $231.40 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18. 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 firm has a 50 day simple moving average of $203.93 and a 200-day simple moving average of $184.33. Ralph Lauren Co. has a 1-year low of $127.68 and a 1-year high of $237.16.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $1.68 billion. During the same period last year, the company earned $2.10 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. On average, equities analysts expect that Ralph Lauren Co. will post 11.71 EPS for the current year.

Ralph Lauren Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Friday, September 27th. Ralph Lauren’s dividend payout ratio is presently 31.46%.

Analysts Set New Price Targets

RL has been the subject of a number of research reports. The Goldman Sachs Group boosted their price target on shares of Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. UBS Group upped their target price on Ralph Lauren from $287.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, November 8th. StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. TD Cowen increased their price objective on Ralph Lauren from $208.00 to $251.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, Raymond James lifted their target price on shares of Ralph Lauren from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $223.90.

Ralph Lauren 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.