Freedom Investment Management Inc. Has $1.12 Million Stock Holdings in Ralph Lauren Co. (NYSE:RL)

Freedom Investment Management Inc. raised its stake in shares of Ralph Lauren Co. (NYSE:RL) by 360.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,778 shares of the textile maker’s stock after purchasing an additional 4,523 shares during the quarter. Freedom Investment Management Inc.’s holdings in Ralph Lauren were worth $1,120,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Boston Partners lifted its holdings in Ralph Lauren by 3.4% during the 1st quarter. Boston Partners now owns 1,255,482 shares of the textile maker’s stock valued at $235,662,000 after purchasing an additional 41,482 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Ralph Lauren by 13.7% during the third quarter. Pacer Advisors Inc. now owns 1,139,975 shares of the textile maker’s stock worth $221,007,000 after buying an additional 137,631 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Ralph Lauren by 158.1% in the second 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 during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Ralph Lauren by 42.2% in the 2nd quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker’s stock worth $111,760,000 after acquiring an additional 189,600 shares in the last quarter. Finally, Jennison Associates LLC grew its position in Ralph Lauren by 13.2% during the 3rd quarter. Jennison Associates LLC now owns 520,393 shares of the textile maker’s stock worth $100,889,000 after acquiring an additional 60,610 shares during the last quarter. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Price Performance

RL opened at $222.67 on Thursday. The company has a fifty day moving average price of $201.47 and a two-hundred day moving average price of $183.20. 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 firm has a market capitalization of $13.83 billion, a PE ratio of 21.23, a P/E/G ratio of 1.69 and a beta of 1.49. Ralph Lauren Co. has a 52 week low of $125.25 and a 52 week high of $237.16.

Ralph Lauren (NYSE:RL) last released 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. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the company posted $2.10 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. As a group, analysts anticipate that Ralph Lauren Co. will post 11.71 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a $0.825 dividend. The ex-dividend date was Friday, September 27th. This represents a $3.30 annualized dividend and a yield of 1.48%. Ralph Lauren’s dividend payout ratio (DPR) is presently 31.46%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on RL shares. TD Cowen boosted their price objective on Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. UBS Group increased their price objective on shares of Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 8th. StockNews.com raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. 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, November 7th. Finally, The Goldman Sachs Group boosted their price objective on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $223.90.

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.