Wilmington Savings Fund Society FSB Buys 1,649 Shares of Ralph Lauren Co. (NYSE:RL)

Wilmington Savings Fund Society FSB raised its stake in Ralph Lauren Co. (NYSE:RL) by 137.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,849 shares of the textile maker’s stock after purchasing an additional 1,649 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Ralph Lauren were worth $552,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. World Investment Advisors LLC acquired a new position in shares of Ralph Lauren during the third quarter worth approximately $19,320,000. Teachers Retirement System of The State of Kentucky increased its stake in Ralph Lauren by 5.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 126,505 shares of the textile maker’s stock valued at $24,526,000 after purchasing an additional 6,274 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Ralph Lauren by 3.3% in the third quarter. Geode Capital Management LLC now owns 949,512 shares of the textile maker’s stock valued at $183,787,000 after buying an additional 30,694 shares in the last quarter. M&T Bank Corp grew its holdings in shares of Ralph Lauren by 3.4% during the third quarter. M&T Bank Corp now owns 1,657 shares of the textile maker’s stock valued at $321,000 after buying an additional 55 shares during the last quarter. Finally, National Bank of Canada FI increased its position in shares of Ralph Lauren by 53.3% during the third quarter. National Bank of Canada FI now owns 20,325 shares of the textile maker’s stock worth $3,940,000 after acquiring an additional 7,067 shares in the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Stock Up 0.6 %

RL stock opened at $227.45 on Monday. Ralph Lauren Co. has a fifty-two week low of $134.90 and a fifty-two week high of $237.16. The stock has a fifty day moving average of $211.34 and a 200-day moving average of $188.57. The company has a market capitalization of $14.12 billion, a price-to-earnings ratio of 21.68, a PEG ratio of 1.69 and a beta of 1.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.18 and a current ratio of 1.72.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.11. The company 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 quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.10 earnings per share. As a group, equities research analysts predict that Ralph Lauren Co. will post 11.71 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.45%. Ralph Lauren’s payout ratio is currently 31.46%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on RL shares. TD Cowen lifted their price target on Ralph Lauren from $208.00 to $251.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Telsey Advisory Group restated an “outperform” rating and set a $207.00 price target on shares of Ralph Lauren in a report on Thursday, November 7th. UBS Group upped their target price on Ralph Lauren from $287.00 to $300.00 and gave the company a “buy” rating in a report on Friday, November 8th. Cfra set a $171.00 price target on Ralph Lauren in a report on Thursday, October 17th. Finally, StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Ralph Lauren has a consensus rating of “Moderate Buy” and an average price target 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.