Larson Financial Group LLC Purchases 1,113 Shares of Ralph Lauren Co. (NYSE:RL)

Larson Financial Group LLC boosted its position in shares of Ralph Lauren Co. (NYSE:RL) by 92.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,317 shares of the textile maker’s stock after acquiring an additional 1,113 shares during the quarter. Larson Financial Group LLC’s holdings in Ralph Lauren were worth $449,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Simmons Bank raised its stake in Ralph Lauren by 2.3% in the 3rd quarter. Simmons Bank now owns 2,703 shares of the textile maker’s stock valued at $524,000 after acquiring an additional 62 shares during the period. Commerce Bank raised its position in shares of Ralph Lauren by 1.2% in the third quarter. Commerce Bank now owns 5,687 shares of the textile maker’s stock valued at $1,103,000 after purchasing an additional 66 shares during the period. GAMMA Investing LLC lifted its stake in shares of Ralph Lauren by 11.3% during the 3rd quarter. GAMMA Investing LLC now owns 672 shares of the textile maker’s stock worth $130,000 after buying an additional 68 shares during the last quarter. Oak Thistle LLC grew its stake in Ralph Lauren by 6.2% in the 2nd quarter. Oak Thistle LLC now owns 1,236 shares of the textile maker’s stock valued at $216,000 after buying an additional 72 shares during the last quarter. Finally, Mather Group LLC. raised its holdings in Ralph Lauren by 26.3% in the 2nd quarter. Mather Group LLC. now owns 432 shares of the textile maker’s stock valued at $81,000 after acquiring an additional 90 shares during the period. 67.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on RL. UBS Group upped their target price on Ralph Lauren from $287.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, November 8th. StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Barclays lifted their target price on Ralph Lauren from $200.00 to $257.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Wells Fargo & Company raised their price target on shares of Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $207.00 price objective on shares of Ralph Lauren in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $223.90.

Ralph Lauren Stock Up 1.5 %

NYSE RL opened at $223.24 on Wednesday. The business has a fifty day moving average price of $200.69 and a two-hundred day moving average price of $182.81. The stock has a market capitalization of $13.86 billion, a PE ratio of 21.28, a PEG ratio of 1.63 and a beta of 1.49. Ralph Lauren Co. has a fifty-two week low of $123.22 and a fifty-two week high of $237.16. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the company earned $2.10 EPS. Ralph Lauren’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities analysts expect that Ralph Lauren Co. will post 11.71 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Friday, September 27th. Ralph Lauren’s dividend payout ratio (DPR) 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.