Claro Advisors LLC Invests $263,000 in Ralph Lauren Co. (NYSE:RL)

Claro Advisors LLC bought a new stake in shares of Ralph Lauren Co. (NYSE:RL) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 1,358 shares of the textile maker’s stock, valued at approximately $263,000.

A number of other institutional investors also recently modified their holdings of RL. Simmons Bank increased its holdings in shares of Ralph Lauren by 2.3% during the third quarter. Simmons Bank now owns 2,703 shares of the textile maker’s stock valued at $524,000 after acquiring an additional 62 shares in the last quarter. GAMMA Investing LLC increased its stake in Ralph Lauren by 11.3% during the 3rd quarter. GAMMA Investing LLC now owns 672 shares of the textile maker’s stock valued at $130,000 after purchasing an additional 68 shares in the last quarter. Oak Thistle LLC raised its holdings in Ralph Lauren by 6.2% during the second quarter. Oak Thistle LLC now owns 1,236 shares of the textile maker’s stock worth $216,000 after buying an additional 72 shares during the last quarter. Mather Group LLC. lifted its stake in shares of Ralph Lauren by 26.3% in the second quarter. Mather Group LLC. now owns 432 shares of the textile maker’s stock valued at $81,000 after buying an additional 90 shares in the last quarter. Finally, Atomi Financial Group Inc. grew its holdings in shares of Ralph Lauren by 8.4% during the second quarter. Atomi Financial Group Inc. now owns 1,156 shares of the textile maker’s stock valued at $202,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Analyst Ratings Changes

RL has been the topic of a number of analyst reports. UBS Group upped their target price on shares of Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Wells Fargo & Company increased their price objective on Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Raymond James lifted their target price on Ralph Lauren from $215.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Guggenheim increased their price target on Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Barclays lifted their price objective on shares of Ralph Lauren from $200.00 to $257.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $223.90.

Ralph Lauren Price Performance

RL opened at $205.53 on Wednesday. Ralph Lauren Co. has a fifty-two week low of $120.95 and a fifty-two week high of $237.16. The firm has a 50-day moving average of $198.06 and a 200 day moving average of $181.58. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.18 and a current ratio of 1.72. The firm has a market cap of $12.76 billion, a P/E ratio of 19.59, a PEG ratio of 1.60 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.11. The company had revenue of $1.73 billion during 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%. Ralph Lauren’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.10 EPS. On average, research analysts expect that Ralph Lauren Co. will post 11.71 EPS for the current year.

Ralph Lauren Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a dividend of $0.825 per share. The ex-dividend date was Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.61%. Ralph Lauren’s dividend payout ratio is presently 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.