Blair William & Co. IL Purchases Shares of 1,886 Ralph Lauren Co. (NYSE:RL)

Blair William & Co. IL purchased a new stake in shares of Ralph Lauren Co. (NYSE:RL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,886 shares of the textile maker’s stock, valued at approximately $330,000.

Several other hedge funds have also bought and sold shares of the stock. Family Firm Inc. bought a new position in shares of Ralph Lauren in the second quarter worth about $30,000. Gladius Capital Management LP bought a new position in shares of Ralph Lauren in the second quarter worth about $31,000. Versant Capital Management Inc boosted its stake in shares of Ralph Lauren by 1,775.0% in the second quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after acquiring an additional 213 shares during the period. Fidelis Capital Partners LLC bought a new position in shares of Ralph Lauren in the first quarter worth about $42,000. Finally, EntryPoint Capital LLC bought a new position in shares of Ralph Lauren in the first quarter worth about $63,000. Institutional investors own 67.91% of the company’s stock.

Analysts Set New Price Targets

RL has been the subject of a number of recent analyst reports. TD Cowen upped their price objective on Ralph Lauren from $193.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday. Argus reissued a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, July 2nd. Telsey Advisory Group reissued an “outperform” rating and set a $207.00 price target on shares of Ralph Lauren in a research note on Thursday. Wells Fargo & Company increased their price target on Ralph Lauren from $175.00 to $195.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, StockNews.com lowered Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Friday, September 6th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $189.00.

Ralph Lauren Trading Up 4.4 %

Shares of NYSE RL opened at $197.73 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 2.19. The business’s 50 day moving average price is $171.86 and its 200-day moving average price is $173.78. Ralph Lauren Co. has a fifty-two week low of $108.60 and a fifty-two week high of $197.83. The company has a market cap of $12.36 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 1.52 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.25. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the business posted $2.34 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, sell-side analysts expect that Ralph Lauren Co. will post 11.23 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be issued a $0.825 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $3.30 annualized dividend and a dividend yield of 1.67%. Ralph Lauren’s payout ratio is 33.95%.

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.