Worldquant Millennium Advisors LLC grew its stake in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 34.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,356 shares of the textile maker's stock after purchasing an additional 3,644 shares during the period. Worldquant Millennium Advisors LLC's holdings in Ralph Lauren were worth $2,783,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the stock. Quantinno Capital Management LP boosted its position in shares of Ralph Lauren by 37.5% during the 3rd quarter. Quantinno Capital Management LP now owns 22,168 shares of the textile maker's stock worth $4,298,000 after purchasing an additional 6,043 shares in the last quarter. Redwood Investment Management LLC boosted its position in shares of Ralph Lauren by 4.0% during the 3rd quarter. Redwood Investment Management LLC now owns 8,282 shares of the textile maker's stock worth $1,628,000 after purchasing an additional 318 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Ralph Lauren by 3.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 3,706 shares of the textile maker's stock worth $719,000 after purchasing an additional 125 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Ralph Lauren by 5.4% during the 3rd quarter. Janus Henderson Group PLC now owns 19,522 shares of the textile maker's stock worth $3,784,000 after purchasing an additional 1,000 shares in the last quarter. Finally, 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 worth $162,714,000 after purchasing an additional 78,008 shares in the last quarter. 67.91% of the stock is currently owned by hedge funds and other institutional investors.
RL has been the topic of several research analyst reports. Raymond James boosted their target price on shares of Ralph Lauren from $215.00 to $235.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Barclays boosted their price objective on shares of Ralph Lauren from $200.00 to $257.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. TD Cowen boosted their price objective 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. Guggenheim boosted their price objective on shares of Ralph Lauren from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $207.00 price objective on shares of Ralph Lauren in a research report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Ralph Lauren presently has an average rating of "Moderate Buy" and a consensus price target of $223.90.
Get Our Latest Analysis on RL
Shares of Ralph Lauren stock opened at $230.74 on Monday. The firm has a market cap of $14.33 billion, a PE ratio of 22.00, a P/E/G ratio of 1.79 and a beta of 1.50. 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 Co. has a fifty-two week low of $129.03 and a fifty-two week high of $237.16. The business's fifty day moving average is $207.97 and its two-hundred day moving average is $186.77.
Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, beating analysts' consensus estimates of $2.43 by $0.11. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The business's revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.10 earnings per share. Analysts anticipate that Ralph Lauren Co. will post 11.71 earnings per share for the current year.
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 $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren's dividend payout ratio is currently 31.46%.
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.
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