Cypress Capital Group Buys 3,029 Shares of Ralph Lauren Co. (NYSE:RL)

Cypress Capital Group increased its position in shares of Ralph Lauren Co. (NYSE:RL) by 83.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,653 shares of the textile maker’s stock after acquiring an additional 3,029 shares during the period. Cypress Capital Group’s holdings in Ralph Lauren were worth $1,290,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Family Firm Inc. bought a new stake in Ralph Lauren during the 2nd quarter worth $30,000. Gladius Capital Management LP acquired a new position in shares of Ralph Lauren during the second quarter worth $31,000. Versant Capital Management Inc grew its stake in shares of Ralph Lauren by 1,775.0% in the second quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after purchasing an additional 213 shares during the last quarter. Huntington National Bank raised its position in Ralph Lauren by 86.6% during the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after purchasing an additional 103 shares during the last quarter. Finally, AM Squared Ltd acquired a new position in Ralph Lauren during the 3rd quarter worth about $58,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

Analyst Upgrades and Downgrades

RL has been the topic of several research analyst reports. The Goldman Sachs Group upped their target price on Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Cfra set a $171.00 price objective on shares of Ralph Lauren in a report on Thursday, October 17th. UBS Group boosted their target price on shares of Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Raymond James upped their price target on Ralph Lauren from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, TD Cowen lifted their price objective 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. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $223.90.

Ralph Lauren Trading Down 1.6 %

Shares of RL opened at $202.15 on Thursday. Ralph Lauren Co. has a 1-year low of $120.95 and a 1-year high of $237.16. The company has a market capitalization of $12.55 billion, a P/E ratio of 19.27, a P/E/G ratio of 1.58 and a beta of 1.49. 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 firm’s 50 day simple moving average is $198.61 and its 200 day simple moving average is $181.72.

Ralph Lauren (NYSE:RL) last announced its 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. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period in the previous year, the business earned $2.10 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. Sell-side analysts forecast that Ralph Lauren Co. will post 11.71 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given 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 1.63%. Ralph Lauren’s payout ratio is 31.46%.

Ralph Lauren Company 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.