Stifel Financial Corp Sells 8,605 Shares of Ralph Lauren Co. (NYSE:RL)

Stifel Financial Corp lowered its stake in Ralph Lauren Co. (NYSE:RL) by 39.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,402 shares of the textile maker’s stock after selling 8,605 shares during the quarter. Stifel Financial Corp’s holdings in Ralph Lauren were worth $2,598,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Pacer Advisors Inc. increased its holdings in shares of Ralph Lauren by 13.7% in the third quarter. Pacer Advisors Inc. now owns 1,139,975 shares of the textile maker’s stock worth $221,007,000 after purchasing an additional 137,631 shares during the period. AQR Capital Management LLC raised its holdings in shares of Ralph Lauren by 158.1% in the 2nd quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock valued at $149,478,000 after acquiring an additional 528,778 shares in the last quarter. Holocene Advisors LP boosted its position in shares of Ralph Lauren by 10.2% during the 3rd quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker’s stock valued at $162,714,000 after acquiring an additional 78,008 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Ralph Lauren by 42.2% during the second quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker’s stock worth $111,760,000 after purchasing an additional 189,600 shares in the last quarter. Finally, Jennison Associates LLC increased its position in shares of Ralph Lauren by 13.2% in the third quarter. Jennison Associates LLC now owns 520,393 shares of the textile maker’s stock worth $100,889,000 after purchasing an additional 60,610 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

Shares of RL stock opened at $221.19 on Thursday. The company has a market capitalization of $13.74 billion, a P/E ratio of 21.09, a PEG ratio of 1.69 and a beta of 1.50. Ralph Lauren Co. has a fifty-two week low of $134.90 and a fifty-two week high of $237.16. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.18 and a current ratio of 1.72. The stock has a 50 day moving average price of $213.24 and a two-hundred day moving average price of $189.41.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. The business 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 company’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.10 EPS. 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 declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 27th will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Friday, December 27th. Ralph Lauren’s payout ratio is 31.46%.

Wall Street Analyst Weigh In

A number of research firms have commented on RL. Wells Fargo & Company boosted their price target on shares of Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. TD Cowen upped their target price on shares of Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. UBS Group raised their price target on Ralph Lauren from $287.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Telsey Advisory Group reiterated an “outperform” rating and issued a $207.00 price objective on shares of Ralph Lauren in a report on Thursday, November 7th. Finally, Barclays raised their price objective on Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $223.90.

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.