Oppenheimer & Co. Inc. Has $1.39 Million Stock Position in Ralph Lauren Co. (NYSE:RL)

Oppenheimer & Co. Inc. trimmed its stake in shares of Ralph Lauren Co. (NYSE:RL) by 2.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,176 shares of the textile maker’s stock after selling 212 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Ralph Lauren were worth $1,391,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Simmons Bank grew its position in Ralph Lauren by 2.3% during the 3rd quarter. Simmons Bank now owns 2,703 shares of the textile maker’s stock worth $524,000 after acquiring an additional 62 shares during the last quarter. Aigen Investment Management LP grew its position in Ralph Lauren by 281.8% during the 3rd quarter. Aigen Investment Management LP now owns 22,768 shares of the textile maker’s stock worth $4,414,000 after acquiring an additional 16,805 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new stake in Ralph Lauren during the 3rd quarter worth approximately $284,000. GSA Capital Partners LLP bought a new stake in Ralph Lauren during the 3rd quarter worth approximately $1,335,000. Finally, Crossmark Global Holdings Inc. grew its position in Ralph Lauren by 18.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 22,395 shares of the textile maker’s stock worth $4,341,000 after acquiring an additional 3,562 shares during the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RL has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their price target on Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Cfra set a $171.00 price objective on Ralph Lauren in a report on Thursday, October 17th. UBS Group upped their price objective on Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Barclays upped their price objective on Ralph Lauren from $200.00 to $257.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Finally, Wells Fargo & Company upped their price objective on Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $223.90.

Ralph Lauren Stock Performance

Shares of RL stock opened at $207.85 on Tuesday. The stock has a 50-day moving average of $197.41 and a 200-day moving average of $181.30. Ralph Lauren Co. has a one year low of $120.95 and a one year high of $237.16. The stock has a market cap of $12.87 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 1.60 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 (NYSE:RL) last posted its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.11. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the business posted $2.10 earnings per share. As a group, sell-side analysts expect that Ralph Lauren Co. will post 11.71 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The firm 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 1.59%. Ralph Lauren’s payout ratio is 31.46%.

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.