Ralph Lauren Co. (NYSE:RL) Position Lessened by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. trimmed its position in shares of Ralph Lauren Co. (NYSE:RL) by 2.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,176 shares of the textile maker’s stock after selling 212 shares during the period. Oppenheimer & Co. Inc.’s holdings in Ralph Lauren were worth $1,391,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of RL. Pacer Advisors Inc. raised its holdings in 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 valued at $175,470,000 after buying an additional 994,385 shares in the last quarter. AQR Capital Management LLC raised its holdings in Ralph Lauren by 158.1% during the second quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock valued at $149,478,000 after buying an additional 528,778 shares in the last quarter. Swedbank AB bought a new position in Ralph Lauren during the first quarter valued at about $61,022,000. Vanguard Group Inc. raised its holdings in Ralph Lauren by 4.3% during the first quarter. Vanguard Group Inc. now owns 4,908,575 shares of the textile maker’s stock valued at $921,634,000 after buying an additional 203,495 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in Ralph Lauren by 42.2% during 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 in the last quarter. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Ralph Lauren Stock Down 0.3 %

RL stock opened at $207.85 on Tuesday. Ralph Lauren Co. has a twelve month low of $120.95 and a twelve month high of $237.16. The company has a market cap of $12.87 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 1.60 and a beta of 1.49. The business’s 50-day simple moving average is $197.41 and its 200 day simple moving average is $181.30. 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 (NYSE:RL) last released its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.68 billion. During the same period last year, the business earned $2.10 earnings per share. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, research analysts anticipate that Ralph Lauren Co. will post 11.71 earnings per share for the current year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren’s payout ratio is 31.46%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday. Telsey Advisory Group restated an “outperform” rating and set a $207.00 target price on shares of Ralph Lauren in a report on Thursday, November 7th. Barclays lifted their price objective on Ralph Lauren from $200.00 to $257.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Cfra set a $171.00 price objective on Ralph Lauren in a research note on Thursday, October 17th. Finally, Raymond James lifted their price objective on Ralph Lauren from $215.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Ralph Lauren has a consensus 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.