Crossmark Global Holdings Inc. boosted its position in Ralph Lauren Co. (NYSE:RL - Free Report) by 18.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,395 shares of the textile maker's stock after acquiring an additional 3,562 shares during the period. Crossmark Global Holdings Inc.'s holdings in Ralph Lauren were worth $4,341,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in RL. Family Firm Inc. bought a new position in Ralph Lauren in the second quarter valued at about $30,000. Gladius Capital Management LP bought a new position in Ralph Lauren in the second quarter valued at about $31,000. Versant Capital Management Inc boosted 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 acquiring an additional 213 shares during the last quarter. EntryPoint Capital LLC bought a new position in Ralph Lauren in the first quarter valued at about $63,000. Finally, Signaturefd LLC boosted its holdings in Ralph Lauren by 80.8% in the second quarter. Signaturefd LLC now owns 367 shares of the textile maker's stock valued at $64,000 after acquiring an additional 164 shares during the last quarter. Institutional investors own 67.91% of the company's stock.
A number of brokerages have issued reports on RL. StockNews.com upgraded Ralph Lauren from a "hold" rating to a "buy" rating in a report on Friday. The Goldman Sachs Group raised their target price on Ralph Lauren from $171.00 to $193.00 and gave the stock a "neutral" rating in a report on Monday, October 21st. Wells Fargo & Company raised their target price on Ralph Lauren from $195.00 to $205.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 23rd. Guggenheim raised their target price on Ralph Lauren from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, October 28th. Finally, Raymond James raised their target price on Ralph Lauren from $215.00 to $235.00 and gave the stock an "outperform" rating in a report on Friday. Three equities research 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 a consensus rating of "Moderate Buy" and an average price target of $223.90.
View Our Latest Stock Analysis on RL
NYSE RL opened at $213.87 on Tuesday. The stock's 50-day moving average is $193.77 and its 200-day moving average is $179.74. Ralph Lauren Co. has a one year low of $113.92 and a one year high of $237.16. The firm has a market cap of $13.25 billion, a P/E ratio of 20.39, a P/E/G ratio of 1.76 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 1.53.
Ralph Lauren (NYSE:RL - Get Free Report) last announced its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.43 by $0.11. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the firm earned $2.10 EPS. Ralph Lauren's revenue for the quarter was up 5.7% compared to the same quarter last year. Sell-side analysts anticipate that Ralph Lauren Co. will post 11.59 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date was Friday, September 27th. Ralph Lauren's dividend payout ratio is presently 31.46%.
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.
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