Aigen Investment Management LP Has $4.41 Million Stake in Ralph Lauren Co. (NYSE:RL)

Aigen Investment Management LP grew its position in Ralph Lauren Co. (NYSE:RL) by 281.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,768 shares of the textile maker’s stock after purchasing an additional 16,805 shares during the quarter. Ralph Lauren makes up approximately 0.9% of Aigen Investment Management LP’s portfolio, making the stock its 10th largest holding. Aigen Investment Management LP’s holdings in Ralph Lauren were worth $4,414,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Pacer Advisors Inc. boosted its stake in Ralph Lauren by 12,493.8% during the 2nd quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker’s stock valued at $175,470,000 after purchasing an additional 994,385 shares during the period. AQR Capital Management LLC raised its stake in Ralph Lauren by 158.1% during the 2nd quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock valued at $149,478,000 after purchasing an additional 528,778 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of Ralph Lauren by 15,903.6% in the first quarter. Acadian Asset Management LLC now owns 448,902 shares of the textile maker’s stock valued at $84,266,000 after buying an additional 446,097 shares during the period. Swedbank AB acquired a new position in shares of Ralph Lauren in the 1st quarter valued at $61,022,000. Finally, Vanguard Group Inc. grew its holdings in shares of Ralph Lauren by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 4,908,575 shares of the textile maker’s stock worth $921,634,000 after purchasing an additional 203,495 shares during the last quarter. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Barclays lifted their price target on shares of Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a report on Friday. Raymond James raised their price objective on shares of Ralph Lauren from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday. Guggenheim boosted their target price on Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, October 28th. StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Cfra set a $171.00 target price on Ralph Lauren in a research note on Thursday, October 17th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Ralph Lauren presently has an average rating of “Moderate Buy” and a consensus target price of $223.90.

Ralph Lauren Trading Down 1.5 %

Shares of RL traded down $3.29 on Tuesday, reaching $210.58. 90,640 shares of the company’s stock were exchanged, compared to its average volume of 863,100. Ralph Lauren Co. has a 12 month low of $113.92 and a 12 month high of $237.16. The stock has a market capitalization of $13.04 billion, a P/E ratio of 20.39, a price-to-earnings-growth ratio of 1.76 and a beta of 1.49. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.40. The business has a 50 day moving average price of $193.77 and a two-hundred day moving average price of $179.74.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results 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 business 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 firm’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the company earned $2.10 EPS. Research analysts anticipate that Ralph Lauren Co. will post 11.59 earnings per share for the current year.

Ralph Lauren Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.57%. Ralph Lauren’s dividend payout ratio (DPR) is presently 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.