1,521 Shares in Ralph Lauren Co. (NYSE:RL) Acquired by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC acquired a new stake in Ralph Lauren Co. (NYSE:RL) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,521 shares of the textile maker’s stock, valued at approximately $295,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Family Firm Inc. bought a new position in Ralph Lauren in the 2nd quarter valued at approximately $30,000. Gladius Capital Management LP bought a new position in Ralph Lauren in the 2nd quarter valued at approximately $31,000. Fidelis Capital Partners LLC bought a new position in Ralph Lauren in the 1st quarter valued at approximately $42,000. Versant Capital Management Inc lifted its position in Ralph Lauren by 1,775.0% in the 2nd quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock valued at $39,000 after acquiring an additional 213 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new position in Ralph Lauren in the 1st quarter valued at approximately $63,000. 67.91% of the stock is owned by institutional investors.

Ralph Lauren Trading Up 0.7 %

NYSE:RL opened at $197.94 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.53. The firm has a market capitalization of $12.26 billion, a price-to-earnings ratio of 19.09, a price-to-earnings-growth ratio of 1.63 and a beta of 1.49. Ralph Lauren Co. has a one year low of $109.59 and a one year high of $207.06. The business has a fifty day moving average price of $185.09 and a 200-day moving average price of $176.01.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Wednesday, August 7th. The textile maker reported $2.70 EPS for the quarter, topping the consensus estimate of $2.45 by $0.25. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.49 billion. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. Ralph Lauren’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.34 EPS. Sell-side analysts forecast that Ralph Lauren Co. will post 11.23 EPS for the current year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a $0.825 dividend. The ex-dividend date was Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.67%. Ralph Lauren’s payout ratio is presently 31.82%.

Analysts Set New Price Targets

RL has been the topic of several analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $207.00 price objective on shares of Ralph Lauren in a research report on Thursday, September 26th. The Goldman Sachs Group increased their price target on Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a report on Monday. Barclays increased their price target on Ralph Lauren from $195.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. StockNews.com cut Ralph Lauren from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Wells Fargo & Company increased their price target on Ralph Lauren from $195.00 to $205.00 and gave the company an “equal weight” rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $192.09.

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.