3Chopt Investment Partners LLC Takes $839,000 Position in Ralph Lauren Corporation $RL

3Chopt Investment Partners LLC purchased a new stake in Ralph Lauren Corporation (NYSE:RL) in the 2nd quarter, HoldingsChannel reports. The fund purchased 3,049 shares of the textile maker’s stock, valued at approximately $839,000.

Other large investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its position in shares of Ralph Lauren by 25.4% in the second quarter. IFP Advisors Inc now owns 736 shares of the textile maker’s stock worth $202,000 after buying an additional 149 shares during the period. Optas LLC purchased a new position in Ralph Lauren in the 2nd quarter worth approximately $211,000. WESPAC Advisors LLC purchased a new position in Ralph Lauren in the 2nd quarter worth approximately $595,000. Venturi Wealth Management LLC purchased a new position in Ralph Lauren in the 2nd quarter worth approximately $285,000. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of Ralph Lauren during the second quarter valued at approximately $228,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Evercore ISI upped their price objective on shares of Ralph Lauren from $320.00 to $335.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. TD Cowen upped their price objective on shares of Ralph Lauren from $354.00 to $399.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Telsey Advisory Group increased their price target on Ralph Lauren from $335.00 to $350.00 and gave the company an “outperform” rating in a report on Wednesday, September 17th. Finally, Zacks Research raised Ralph Lauren to a “strong-buy” rating in a research report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Ralph Lauren currently has a consensus rating of “Moderate Buy” and an average price target of $320.53.

Ralph Lauren Stock Performance

Ralph Lauren stock opened at $323.15 on Friday. The company has a market cap of $19.57 billion, a PE ratio of 25.81, a P/E/G ratio of 1.66 and a beta of 1.61. The company has a fifty day moving average price of $305.08 and a two-hundred day moving average price of $272.47. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.84 and a quick ratio of 1.30. Ralph Lauren Corporation has a 12 month low of $176.61 and a 12 month high of $330.11.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, August 7th. The textile maker reported $3.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.50 by $0.27. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the firm posted $2.70 EPS. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. Research analysts expect that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be issued a dividend of $0.9125 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $3.65 annualized dividend and a dividend yield of 1.1%. Ralph Lauren’s dividend payout ratio is 29.15%.

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.