Holocene Advisors LP Raises Position in Ralph Lauren Co. (NYSE:RL)

Holocene Advisors LP grew its holdings in Ralph Lauren Co. (NYSE:RL) by 10.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 839,296 shares of the textile maker’s stock after acquiring an additional 78,008 shares during the quarter. Holocene Advisors LP’s holdings in Ralph Lauren were worth $162,714,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of RL. Chevy Chase Trust Holdings LLC raised its holdings in Ralph Lauren by 0.8% in the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 21,511 shares of the textile maker’s stock valued at $4,170,000 after acquiring an additional 164 shares in the last quarter. Cinctive Capital Management LP raised its position in Ralph Lauren by 168.0% in the 3rd quarter. Cinctive Capital Management LP now owns 25,482 shares of the textile maker’s stock valued at $4,940,000 after purchasing an additional 15,974 shares during the last quarter. Atreides Management LP boosted its stake in Ralph Lauren by 28.3% in the third quarter. Atreides Management LP now owns 377,481 shares of the textile maker’s stock worth $73,182,000 after purchasing an additional 83,349 shares in the last quarter. Erste Asset Management GmbH bought a new stake in shares of Ralph Lauren during the third quarter worth $97,000. Finally, True Wealth Design LLC increased its stake in shares of Ralph Lauren by 8,933.3% in the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock valued at $53,000 after buying an additional 268 shares in the last quarter. Institutional investors own 67.91% of the company’s stock.

Analyst Upgrades and Downgrades

RL has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their price objective on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. TD Cowen upped their price objective on Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Barclays increased their price objective on shares of Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Guggenheim increased their price target on Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, UBS Group raised their price target on Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $223.90.

Ralph Lauren Trading Up 3.9 %

Shares of RL stock opened at $231.40 on Monday. Ralph Lauren Co. has a 12-month low of $127.68 and a 12-month high of $237.16. The firm has a 50 day moving average price of $203.93 and a two-hundred day moving average price of $184.46. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $14.37 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 1.78 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm posted $2.10 EPS. As a group, analysts predict that Ralph Lauren Co. will post 11.71 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a $0.825 dividend. The ex-dividend date was Friday, September 27th. This represents a $3.30 annualized dividend and a yield of 1.43%. Ralph Lauren’s dividend payout ratio is presently 31.46%.

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.