Commerce Bank Purchases 66 Shares of Ralph Lauren Co. (NYSE:RL)

Commerce Bank raised its position in Ralph Lauren Co. (NYSE:RL) by 1.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,687 shares of the textile maker’s stock after buying an additional 66 shares during the quarter. Commerce Bank’s holdings in Ralph Lauren were worth $1,103,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its holdings in shares of Ralph Lauren by 12,493.8% during the second quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker’s stock worth $175,470,000 after purchasing an additional 994,385 shares during the period. AQR Capital Management LLC lifted its holdings in Ralph Lauren by 158.1% during the 2nd quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock worth $149,478,000 after buying an additional 528,778 shares during the period. Swedbank AB bought a new stake in shares of Ralph Lauren in the 1st quarter valued at about $61,022,000. Acadian Asset Management LLC increased its stake in shares of Ralph Lauren by 42.2% in the second quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker’s stock valued at $111,760,000 after buying an additional 189,600 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its position in shares of Ralph Lauren by 3,520.3% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 120,231 shares of the textile maker’s stock worth $21,047,000 after acquiring an additional 116,910 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Cfra set a $171.00 price objective on shares of Ralph Lauren in a research note on Thursday, October 17th. Wells Fargo & Company upped their price target on shares of Ralph Lauren from $195.00 to $205.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Barclays lifted their price objective on Ralph Lauren from $200.00 to $257.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. UBS Group boosted their price objective on Ralph Lauren from $287.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, TD Cowen lifted their target price on Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Ralph Lauren presently has a consensus rating of “Moderate Buy” and a consensus target price of $223.90.

Ralph Lauren Trading Up 2.4 %

Shares of RL opened at $212.15 on Monday. Ralph Lauren Co. has a 1-year low of $122.88 and a 1-year high of $237.16. The company has a market capitalization of $13.17 billion, a P/E ratio of 20.22, a P/E/G ratio of 1.59 and a beta of 1.49. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18. The firm’s 50 day simple moving average is $199.91 and its 200 day simple moving average is $182.44.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.11. The firm had revenue of $1.73 billion for 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 business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company posted $2.10 EPS. Sell-side analysts forecast that Ralph Lauren Co. will post 11.71 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently disclosed 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 1.56%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren’s dividend payout ratio (DPR) is 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.