99,654 Shares in Ralph Lauren Co. (NYSE:RL) Bought by World Investment Advisors LLC

World Investment Advisors LLC acquired a new stake in Ralph Lauren Co. (NYSE:RL) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 99,654 shares of the textile maker’s stock, valued at approximately $19,320,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. M&T Bank Corp grew its stake in Ralph Lauren by 3.4% during the 3rd quarter. M&T Bank Corp now owns 1,657 shares of the textile maker’s stock worth $321,000 after buying an additional 55 shares during the last quarter. Simmons Bank grew its position in shares of Ralph Lauren by 2.3% during the third quarter. Simmons Bank now owns 2,703 shares of the textile maker’s stock worth $524,000 after acquiring an additional 62 shares during the last quarter. Commerce Bank increased its holdings in shares of Ralph Lauren by 1.2% in the 3rd quarter. Commerce Bank now owns 5,687 shares of the textile maker’s stock valued at $1,103,000 after acquiring an additional 66 shares during the period. GAMMA Investing LLC raised its position in Ralph Lauren by 11.3% in the 3rd quarter. GAMMA Investing LLC now owns 672 shares of the textile maker’s stock valued at $130,000 after purchasing an additional 68 shares during the last quarter. Finally, Oak Thistle LLC increased its stake in Ralph Lauren by 6.2% in the second quarter. Oak Thistle LLC now owns 1,236 shares of the textile maker’s stock valued at $216,000 after purchasing an additional 72 shares during the period. 67.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wells Fargo & Company raised their price target on Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. UBS Group lifted their target price on Ralph Lauren from $287.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Raymond James upped their price target on Ralph Lauren from $215.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. TD Cowen lifted their price objective on shares of Ralph Lauren from $208.00 to $251.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, Guggenheim raised their target price 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. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $223.90.

Ralph Lauren Stock Performance

NYSE:RL opened at $227.41 on Thursday. 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 $134.27 and a fifty-two week high of $237.16. The firm’s fifty day simple moving average is $210.04 and its 200-day simple moving average is $187.84. The stock has a market cap of $14.12 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 1.77 and a beta of 1.50.

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

Ralph Lauren Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren’s dividend payout ratio (DPR) is presently 31.46%.

About Ralph Lauren

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.