Nisa Investment Advisors LLC increased its holdings of Ralph Lauren Co. (NYSE: RL – Get Rating) stock by 48.2% during the 1st quarter, according to the company in its latest filing with the Securities and Exchange Commission. The fund held 4,615 shares of the textile maker after buying an additional 1,500 shares during the period. Nisa Investment Advisors LLC’s holdings in Ralph Lauren were worth $524,000 at the end of the last quarter.
Several other institutional investors have also increased or reduced their stake in RL. CWM LLC increased its stake in Ralph Lauren shares by 127.7% in the 1st quarter. CWM LLC now owns 230 shares of the textile maker worth $26,000 after buying 129 additional shares in the last quarter. US Asset Management LLC bought a new position in Ralph Lauren stock in Q1 worth $35,000. Daiwa Securities Group Inc. increased its stake in Ralph Lauren shares by 38.1% in Q4. Daiwa Securities Group Inc. now owns 453 shares of the textile maker worth $54,000 after buying 125 additional shares in the last quarter. Covestor Ltd bought a new position in Ralph Lauren shares in Q4 worth $57,000. Finally, IndexIQ Advisors LLC bought a new position in Ralph Lauren in Q4 worth $84,000. 99.89% of the shares are currently held by hedge funds and other institutional investors.
Wall Street analysts predict growth
A number of brokerages have recently commented on RL. Telsey Advisory Group lowered its price target on Ralph Lauren from $160.00 to $140.00 and set an “outperform” rating on the stock in a Wednesday, May 25 report. Citigroup downgraded Ralph Lauren from a “buy” rating to a “neutral” rating and lowered its share price target from $140.00 to $98.00 in a Monday, May 23 report. Cowen lowered its price target on Ralph Lauren from $171.00 to $151.00 in a Wednesday, June 1 report. UBS Group lowered its price target on Ralph Lauren from $162.00 to $129.00 in a Friday, July 15 report. Finally, Goldman Sachs Group lowered its price target on Ralph Lauren from $85.00 to $78.00 and placed a “sell” rating on the stock in a report on Thursday. An equity research analyst rated the stock a sell rating, six gave the company’s stock a hold rating and nine gave the company’s stock a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $121.93.
Ralph Lauren trades down 1.3%
Shares of RL opened at $96.94 on Monday. Ralph Lauren Co. has a 12-month low of $86.54 and a 12-month high of $135.99. The company has a current ratio of 1.87, a quick ratio of 1.44 and a debt ratio of 0.58. The stock’s 50-day moving average price is $95.48 and its 200-day moving average price is $107.33. The stock has a market capitalization of $6.79 billion, a price-to-earnings ratio of 12.09, a growth price-to-earnings ratio of 1.30 and a beta of 1.38.
Ralph Lauren (NYSE:RL – Get Rating) last released its quarterly results on Tuesday, May 24. The textile maker reported EPS of $0.49 for the quarter, beating the consensus estimate of $0.30 by $0.19. The company posted revenue of $1.53 billion in the quarter, compared to analysts’ estimates of $1.46 billion. Ralph Lauren had a return on equity of 23.00% and a net margin of 9.65%. The company’s revenue increased 18.7% year over year. In the same quarter last year, the company posted earnings per share of $0.38. Equity research analysts expect Ralph Lauren Co. to post EPS of 8.33 for the current fiscal year.
Ralph Lauren increases its dividend
The company also recently declared a quarterly dividend, which was paid on Friday, July 15. Investors of record on Friday, July 1 received a dividend of $0.75. The ex-dividend date was Thursday, June 30. This represents an annualized dividend of $3.00 and a yield of 3.09%. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.69. Ralph Lauren’s dividend payout ratio (DPR) is currently 37.41%.
Ralph Lauren Company Profile
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Ralph Lauren Corporation designs, markets and distributes lifestyle products in North America, Europe, Asia and internationally. The company offers clothing, including a range of clothing for men, women and children; footwear and accessories, which include casual shoes, dress shoes, boots, sneakers, sandals, glasses, 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 comprised of bed and bath lines, furniture, fabrics and wall coverings, lighting, table tops, kitchen linens, flooring and giftware; and perfumes.
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