Empowered Funds LLC Has $693,000 Stock Position in Ralph Lauren Co. (NYSE:RL)

Empowered Funds LLC increased its stake in Ralph Lauren Co. (NYSE:RL) by 63.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,576 shares of the textile maker’s stock after purchasing an additional 1,383 shares during the period. Empowered Funds LLC’s holdings in Ralph Lauren were worth $693,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Simmons Bank lifted its stake in Ralph Lauren by 2.3% in the 3rd quarter. Simmons Bank now owns 2,703 shares of the textile maker’s stock valued at $524,000 after purchasing an additional 62 shares during the last quarter. GAMMA Investing LLC grew its position in Ralph Lauren by 11.3% during the 3rd quarter. GAMMA Investing LLC now owns 672 shares of the textile maker’s stock worth $130,000 after acquiring an additional 68 shares during the last quarter. Oak Thistle LLC increased its holdings in Ralph Lauren by 6.2% in the 2nd quarter. Oak Thistle LLC now owns 1,236 shares of the textile maker’s stock worth $216,000 after purchasing an additional 72 shares in the last quarter. Mather Group LLC. grew its holdings in shares of Ralph Lauren by 26.3% during the second quarter. Mather Group LLC. now owns 432 shares of the textile maker’s stock worth $81,000 after purchasing an additional 90 shares during the last quarter. Finally, Atomi Financial Group Inc. increased its stake in shares of Ralph Lauren by 8.4% in the second quarter. Atomi Financial Group Inc. now owns 1,156 shares of the textile maker’s stock valued at $202,000 after buying an additional 90 shares during the period. Institutional investors own 67.91% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on RL shares. Wells Fargo & Company upped their price target on shares of Ralph Lauren from $195.00 to $205.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group increased their price objective on Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Cfra set a $171.00 target price on Ralph Lauren in a report on Thursday, October 17th. StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $207.00 price objective on shares of Ralph Lauren in a research note on Thursday, November 7th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $223.90.

Ralph Lauren Trading Up 2.4 %

Shares of NYSE RL opened at $212.15 on Friday. The stock has a market cap of $13.17 billion, a P/E ratio of 20.22, a price-to-earnings-growth ratio of 1.59 and a beta of 1.49. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18. Ralph Lauren Co. has a 1 year low of $122.88 and a 1 year high of $237.16. The firm has a 50-day moving average of $199.91 and a 200 day moving average of $182.32.

Ralph Lauren (NYSE:RL) last posted its quarterly 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 return on equity of 29.44% and a net margin of 10.15%. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the previous year, the firm earned $2.10 EPS. Ralph Lauren’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, sell-side analysts expect that Ralph Lauren Co. will post 11.71 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders 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 yield of 1.56%. 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.