Eudaimonia Advisors LLC Acquires New Holdings in Ralph Lauren Co. (NYSE:RL)

Eudaimonia Advisors LLC acquired a new stake in Ralph Lauren Co. (NYSE:RL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,630 shares of the textile maker’s stock, valued at approximately $235,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Platinum Investment Management Ltd. increased its stake in Ralph Lauren by 13.1% during the third quarter. Platinum Investment Management Ltd. now owns 854 shares of the textile maker’s stock worth $99,000 after purchasing an additional 99 shares during the period. Spire Wealth Management increased its stake in Ralph Lauren by 47.9% during the third quarter. Spire Wealth Management now owns 315 shares of the textile maker’s stock worth $37,000 after purchasing an additional 102 shares during the period. CWM LLC increased its stake in Ralph Lauren by 25.2% during the third quarter. CWM LLC now owns 576 shares of the textile maker’s stock worth $67,000 after purchasing an additional 116 shares during the period. Financial Gravity Asset Management Inc. increased its stake in Ralph Lauren by 99.2% during the third quarter. Financial Gravity Asset Management Inc. now owns 245 shares of the textile maker’s stock worth $28,000 after purchasing an additional 122 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in Ralph Lauren by 5.8% during the third quarter. PNC Financial Services Group Inc. now owns 3,034 shares of the textile maker’s stock worth $352,000 after purchasing an additional 166 shares during the period. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on RL. Telsey Advisory Group reissued an “outperform” rating and set a $195.00 price objective (up from $165.00) on shares of Ralph Lauren in a research report on Thursday, February 8th. Wells Fargo & Company boosted their price objective on Ralph Lauren from $160.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Monday, March 4th. The Goldman Sachs Group boosted their price objective on Ralph Lauren from $132.00 to $151.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Raymond James boosted their price objective on Ralph Lauren from $135.00 to $154.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. Finally, StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, January 22nd. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $155.64.

Ralph Lauren Trading Down 0.1 %

Shares of Ralph Lauren stock traded down $0.12 during trading hours on Wednesday, reaching $167.96. The stock had a trading volume of 354,956 shares, compared to its average volume of 991,016. The firm has a 50 day simple moving average of $177.85 and a two-hundred day simple moving average of $148.09. The firm has a market capitalization of $10.74 billion, a price-to-earnings ratio of 19.05, a P/E/G ratio of 0.94 and a beta of 1.53. The company has a current ratio of 2.17, a quick ratio of 1.54 and a debt-to-equity ratio of 0.55. Ralph Lauren Co. has a 1 year low of $103.17 and a 1 year high of $192.03.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, February 8th. The textile maker reported $4.17 earnings per share for the quarter, beating analysts’ consensus estimates of $3.53 by $0.64. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.87 billion. Ralph Lauren had a return on equity of 25.88% and a net margin of 8.90%. Ralph Lauren’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.35 EPS. As a group, equities research analysts anticipate that Ralph Lauren Co. will post 10.23 earnings per share for the current year.

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Wednesday, March 27th. Ralph Lauren’s dividend payout ratio (DPR) is presently 34.01%.

Ralph Lauren 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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.