Dynamic Technology Lab Private Ltd Has $3.86 Million Holdings in Ralph Lauren Co. (NYSE:RL)

Dynamic Technology Lab Private Ltd lifted its position in Ralph Lauren Co. (NYSE:RL) by 12.4% in the third quarter, HoldingsChannel.com reports. The firm owned 19,882 shares of the textile maker’s stock after acquiring an additional 2,200 shares during the period. Ralph Lauren comprises 0.4% of Dynamic Technology Lab Private Ltd’s investment portfolio, making the stock its 22nd largest holding. Dynamic Technology Lab Private Ltd’s holdings in Ralph Lauren were worth $3,855,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of RL. Boston Partners lifted its holdings in shares of Ralph Lauren by 3.4% during the 1st quarter. Boston Partners now owns 1,255,482 shares of the textile maker’s stock worth $235,662,000 after acquiring an additional 41,482 shares during the period. Pacer Advisors Inc. lifted its stake in Ralph Lauren by 13.7% during the third quarter. Pacer Advisors Inc. now owns 1,139,975 shares of the textile maker’s stock worth $221,007,000 after purchasing an additional 137,631 shares during the period. AQR Capital Management LLC lifted its stake in Ralph Lauren by 158.1% during the second quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock worth $149,478,000 after purchasing an additional 528,778 shares during the period. Acadian Asset Management LLC boosted its holdings in Ralph Lauren by 42.2% during the second quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker’s stock valued at $111,760,000 after purchasing an additional 189,600 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in shares of Ralph Lauren by 13.2% in the 3rd quarter. Jennison Associates LLC now owns 520,393 shares of the textile maker’s stock valued at $100,889,000 after purchasing an additional 60,610 shares during the period. Institutional investors and hedge funds own 67.91% of the company’s stock.

Wall Street Analyst Weigh In

RL has been the subject of several analyst reports. Wells Fargo & Company raised their target price 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. The Goldman Sachs Group lifted their price objective on Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a report on Monday, October 21st. TD Cowen upped their target price on shares of Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Guggenheim lifted their price target on shares of Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, Raymond James boosted their price target 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 investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $223.90.

Ralph Lauren Price Performance

RL opened at $212.15 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18. The stock has a market capitalization of $13.17 billion, a P/E ratio of 20.22, a price-to-earnings-growth ratio of 1.63 and a beta of 1.49. The company’s 50 day simple moving average is $199.91 and its 200-day simple moving average is $182.44. Ralph Lauren Co. has a one year low of $122.88 and a one year high of $237.16.

Ralph Lauren (NYSE:RL) last announced 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 business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $2.10 EPS. Sell-side analysts anticipate that Ralph Lauren Co. will post 11.71 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $3.30 annualized dividend and a yield of 1.56%. Ralph Lauren’s dividend payout ratio is currently 31.46%.

Ralph Lauren 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.