Wealthspire Advisors LLC Invests $1.01 Million in Ralph Lauren Co. (NYSE:RL)

Wealthspire Advisors LLC purchased a new stake in Ralph Lauren Co. (NYSE:RL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,368 shares of the textile maker’s stock, valued at approximately $1,009,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Huntington National Bank lifted its stake in Ralph Lauren by 86.6% during the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock valued at $43,000 after buying an additional 103 shares in the last quarter. True Wealth Design LLC lifted its position in shares of Ralph Lauren by 8,933.3% in the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock valued at $53,000 after acquiring an additional 268 shares in the last quarter. AM Squared Ltd purchased a new stake in shares of Ralph Lauren in the 3rd quarter valued at approximately $58,000. Versant Capital Management Inc boosted its stake in Ralph Lauren by 333.3% in the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock worth $81,000 after purchasing an additional 270 shares during the period. Finally, Transamerica Financial Advisors Inc. purchased a new position in Ralph Lauren during the 3rd quarter worth approximately $86,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

Analyst Ratings Changes

RL has been the subject of several recent analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $265.00 target price on shares of Ralph Lauren in a research report on Tuesday, February 4th. StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Jefferies Financial Group lifted their target price on Ralph Lauren from $285.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Barclays increased their price target on shares of Ralph Lauren from $257.00 to $310.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Needham & Company LLC initiated coverage on shares of Ralph Lauren in a research report on Wednesday, February 12th. They set a “buy” rating and a $310.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Ralph Lauren currently has an average rating of “Moderate Buy” and a consensus target price of $284.15.

Ralph Lauren Stock Performance

Shares of RL opened at $267.88 on Wednesday. The firm has a market cap of $16.55 billion, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 1.73 and a beta of 1.49. The company’s fifty day moving average is $250.61 and its 200-day moving average is $215.87. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. Ralph Lauren Co. has a 12 month low of $155.96 and a 12 month high of $289.33.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, topping the consensus estimate of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. Equities analysts expect that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Friday, December 27th. Ralph Lauren’s payout ratio is 30.11%.

Ralph Lauren Company 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.