Aaron Wealth Advisors LLC Makes New $232,000 Investment in Ralph Lauren Co. (NYSE:RL)

Aaron Wealth Advisors LLC purchased a new stake in Ralph Lauren Co. (NYSE:RL) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,004 shares of the textile maker’s stock, valued at approximately $232,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Huntington National Bank increased its stake in 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 acquiring an additional 103 shares during the last quarter. True Wealth Design LLC increased its position in shares of Ralph Lauren by 8,933.3% during the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock worth $53,000 after purchasing an additional 268 shares during the last quarter. AM Squared Ltd purchased a new stake in Ralph Lauren in the 3rd quarter valued at about $58,000. Versant Capital Management Inc lifted its position in Ralph Lauren by 333.3% in the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock valued at $81,000 after buying an additional 270 shares during the last quarter. Finally, Quent Capital LLC boosted its stake in Ralph Lauren by 181.7% during the third quarter. Quent Capital LLC now owns 400 shares of the textile maker’s stock worth $78,000 after buying an additional 258 shares during the period. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Trading Up 3.2 %

NYSE RL opened at $248.05 on Wednesday. The stock has a market capitalization of $15.40 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 1.78 and a beta of 1.49. The firm has a 50 day moving average of $228.35 and a two-hundred day moving average of $198.88. Ralph Lauren Co. has a 52 week low of $137.98 and a 52 week high of $248.50. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40.

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 firm had revenue of $1.73 billion during 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 revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.10 earnings per share. As a group, research analysts expect that Ralph Lauren Co. will post 11.75 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Friday, December 27th. Ralph Lauren’s dividend payout ratio (DPR) is 31.46%.

Analysts Set New Price Targets

Several equities analysts have recently commented on RL shares. TD Cowen upped their price objective on shares of Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Raymond James raised their price target on Ralph Lauren from $215.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Cfra set a $171.00 target price on Ralph Lauren in a research note on Thursday, October 17th. Guggenheim lifted their target price on Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $207.00 price target on shares of Ralph Lauren in a research note on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $228.09.

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.