Daiwa Securities Group Inc. Boosts Stake in Ralph Lauren Co. (NYSE:RL)

Daiwa Securities Group Inc. increased its holdings in Ralph Lauren Co. (NYSE:RL) by 17.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,848 shares of the textile maker’s stock after acquiring an additional 278 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Ralph Lauren were worth $358,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Family Firm Inc. acquired a new stake in shares of Ralph Lauren during the 2nd quarter valued at approximately $30,000. Gladius Capital Management LP bought a new stake in Ralph Lauren during the second quarter valued at $31,000. Huntington National Bank raised its holdings in shares of Ralph Lauren by 86.6% during the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after purchasing an additional 103 shares during the period. Versant Capital Management Inc lifted its position in shares of Ralph Lauren by 1,775.0% in the 2nd quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after buying an additional 213 shares during the last quarter. Finally, AM Squared Ltd acquired a new position in shares of Ralph Lauren in the 3rd quarter valued at about $58,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Guggenheim increased their price objective on shares of Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. TD Cowen increased their price target on Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Raymond James boosted their price objective on Ralph Lauren from $215.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Cfra set a $171.00 target price on Ralph Lauren in a research report on Thursday, October 17th. Finally, Wells Fargo & Company boosted their price target on shares of Ralph Lauren from $195.00 to $205.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Ralph Lauren currently has a consensus rating of “Moderate Buy” and an average target price of $223.90.

Ralph Lauren Stock Up 3.9 %

RL stock opened at $231.40 on Monday. The firm’s 50-day moving average is $203.93 and its two-hundred day moving average is $184.33. The company has a current ratio of 1.72, a quick ratio of 1.18 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $14.37 billion, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 1.78 and a beta of 1.49. Ralph Lauren Co. has a 52 week low of $127.68 and a 52 week high of $237.16.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, topping the consensus estimate of $2.43 by $0.11. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.10 earnings per share. On average, analysts forecast that Ralph Lauren Co. will post 11.71 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a dividend of $0.825 per share. The ex-dividend date was Friday, September 27th. This represents a $3.30 annualized dividend and a dividend yield of 1.43%. Ralph Lauren’s dividend payout ratio (DPR) is 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.