Geode Capital Management LLC Boosts Stock Holdings in Ralph Lauren Co. (NYSE:RL)

Geode Capital Management LLC boosted its stake in Ralph Lauren Co. (NYSE:RL) by 3.3% during the 3rd quarter, Holdings Channel reports. The firm owned 949,512 shares of the textile maker’s stock after buying an additional 30,694 shares during the quarter. Geode Capital Management LLC’s holdings in Ralph Lauren were worth $183,787,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Family Firm Inc. bought a new position in shares of Ralph Lauren during the 2nd quarter valued at approximately $30,000. Huntington National Bank lifted its position 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 purchasing an additional 103 shares during the last quarter. True Wealth Design LLC grew its stake 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 worth $53,000 after buying an additional 268 shares in the last quarter. AM Squared Ltd bought a new stake in shares of Ralph Lauren in the 3rd quarter worth about $58,000. Finally, Signaturefd LLC raised its position in shares of Ralph Lauren by 80.8% during the 2nd quarter. Signaturefd LLC now owns 367 shares of the textile maker’s stock valued at $64,000 after buying an additional 164 shares in the last quarter. Institutional investors own 67.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. UBS Group boosted their target price on Ralph Lauren from $287.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Wells Fargo & Company raised their price target 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. Cfra set a $171.00 price objective on shares of Ralph Lauren in a research report on Thursday, October 17th. Finally, Raymond James raised their target price on shares of Ralph Lauren from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Ralph Lauren has an average rating of “Moderate Buy” and a consensus target price of $223.90.

Ralph Lauren Price Performance

Ralph Lauren stock opened at $227.45 on Monday. The stock has a market cap of $14.12 billion, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 1.69 and a beta of 1.50. The firm has a 50-day moving average of $211.34 and a two-hundred day moving average of $188.57. Ralph Lauren Co. has a 1 year low of $134.90 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 announced its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.11. The company 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%. Ralph Lauren’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.10 earnings per share. On average, research analysts forecast that Ralph Lauren Co. will post 11.71 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.45%. Ralph Lauren’s dividend payout ratio is currently 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.