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

Larson Financial Group LLC raised its position in Ralph Lauren Co. (NYSE:RL) by 92.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,317 shares of the textile maker’s stock after buying an additional 1,113 shares during the period. Larson Financial Group LLC’s holdings in Ralph Lauren were worth $449,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in RL. Family Firm Inc. acquired a new position in shares of Ralph Lauren in the 2nd quarter worth approximately $30,000. Gladius Capital Management LP acquired a new position in shares of Ralph Lauren during the second quarter valued at about $31,000. Huntington National Bank increased its holdings in Ralph Lauren by 86.6% during the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after purchasing an additional 103 shares in the last quarter. Versant Capital Management Inc grew its holdings in Ralph Lauren by 1,775.0% during the second quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after buying an additional 213 shares in the last quarter. Finally, AM Squared Ltd bought a new stake in shares of Ralph Lauren in the 3rd quarter worth $58,000. 67.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RL has been the subject of a number of research analyst reports. UBS Group increased their price target on Ralph Lauren from $287.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, November 8th. TD Cowen raised their target price on Ralph Lauren from $208.00 to $251.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. StockNews.com raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Barclays raised 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. Finally, Raymond James increased their target price on shares of Ralph Lauren from $215.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Ralph Lauren presently has an average rating of “Moderate Buy” and an average price target of $223.90.

Ralph Lauren Trading Up 1.5 %

Shares of RL stock opened at $223.24 on Wednesday. The stock has a market capitalization of $13.86 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 1.63 and a beta of 1.49. The company’s fifty day simple moving average is $200.69 and its two-hundred day simple moving average is $182.81. Ralph Lauren Co. has a 1 year low of $123.22 and a 1 year 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 issued its earnings results on Thursday, November 7th. The textile maker reported $2.54 EPS 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 quarter last year, the company earned $2.10 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. As a group, analysts anticipate that Ralph Lauren Co. will post 11.71 earnings per share for the current year.

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.48%. The ex-dividend date was Friday, September 27th. 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.