Transamerica Financial Advisors Inc. Takes $86,000 Position in Ralph Lauren Co. (NYSE:RL)

Transamerica Financial Advisors Inc. purchased a new stake in Ralph Lauren Co. (NYSE:RL) in the third quarter, Holdings Channel reports. The firm purchased 440 shares of the textile maker’s stock, valued at approximately $86,000.

A number of other large investors have also made changes to their positions in the stock. Pacer Advisors Inc. grew its position in Ralph Lauren by 12,493.8% in the second quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker’s stock worth $175,470,000 after acquiring an additional 994,385 shares during the period. AQR Capital Management LLC grew its position in Ralph Lauren by 158.1% in the second quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock worth $149,478,000 after acquiring an additional 528,778 shares during the period. Swedbank AB purchased a new position in Ralph Lauren in the first quarter worth approximately $61,022,000. Acadian Asset Management LLC grew its position in Ralph Lauren by 42.2% in the second quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker’s stock worth $111,760,000 after acquiring an additional 189,600 shares during the period. Finally, Teachers Retirement System of The State of Kentucky grew its position in Ralph Lauren by 3,520.3% in 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 period. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on RL. UBS Group increased their price objective on Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a research 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 report on Wednesday, October 23rd. The Goldman Sachs Group upped their price target on Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Raymond James upped their price target on Ralph Lauren from $215.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Guggenheim upped their price target on Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $223.90.

Ralph Lauren Stock Down 0.3 %

Shares of NYSE RL opened at $222.67 on Thursday. The stock has a market cap of $13.83 billion, a P/E ratio of 21.23, a PEG ratio of 1.69 and a beta of 1.49. The company has a current ratio of 1.72, a quick ratio of 1.18 and a debt-to-equity ratio of 0.40. Ralph Lauren Co. has a 12-month low of $125.25 and a 12-month high of $237.16. The business’s fifty day simple moving average is $201.47 and its 200-day simple moving average is $183.20.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.11. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the firm earned $2.10 earnings per share. As a group, equities analysts predict that Ralph Lauren Co. will post 11.71 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren’s payout ratio is currently 31.46%.

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, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.