Wealth Enhancement Advisory Services LLC Has $1.69 Million Holdings in Ralph Lauren Co. (NYSE:RL)

Wealth Enhancement Advisory Services LLC raised its position in shares of Ralph Lauren Co. (NYSE:RL) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,325 shares of the textile maker’s stock after buying an additional 118 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Ralph Lauren were worth $1,692,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Huntington National Bank increased its holdings in Ralph Lauren by 86.6% during the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock valued at $43,000 after purchasing an additional 103 shares in the last quarter. True Wealth Design LLC grew its holdings in shares of Ralph Lauren by 8,933.3% during the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock worth $53,000 after purchasing an additional 268 shares during the last quarter. AM Squared Ltd acquired a new stake in shares of Ralph Lauren in the third quarter valued at $58,000. Quent Capital LLC raised its holdings in shares of Ralph Lauren by 181.7% in the third quarter. Quent Capital LLC now owns 400 shares of the textile maker’s stock valued at $78,000 after buying an additional 258 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in Ralph Lauren by 333.3% during the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock worth $81,000 after buying an additional 270 shares in the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Trading Down 0.3 %

NYSE:RL opened at $236.85 on Thursday. The company has a current ratio of 1.72, a quick ratio of 1.18 and a debt-to-equity ratio of 0.40. Ralph Lauren Co. has a 1-year low of $134.90 and a 1-year high of $245.92. The firm has a market capitalization of $14.71 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 1.69 and a beta of 1.49. The business’s 50-day moving average price is $225.80 and its two-hundred day moving average price is $196.35.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. The business 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%. Ralph Lauren’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the company posted $2.10 EPS. On average, equities analysts expect that Ralph Lauren Co. will post 11.71 earnings per share for the current year.

Ralph Lauren Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, December 27th. Ralph Lauren’s dividend payout ratio (DPR) is 31.46%.

Analysts Set New Price Targets

Several research firms have weighed in on RL. UBS Group raised their price objective on shares of Ralph Lauren from $287.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, November 8th. TD Cowen raised their price target on shares of Ralph Lauren from $208.00 to $251.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. The Goldman Sachs Group upped their price objective on Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Argus raised Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 target price for the company in a research note on Tuesday, December 31st. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $207.00 price target on shares of Ralph Lauren in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $228.09.

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.