Adell Harriman & Carpenter Inc. Buys 1,085 Shares of Ralph Lauren Co. (NYSE:RL)

Adell Harriman & Carpenter Inc. grew its stake in Ralph Lauren Co. (NYSE:RL) by 26.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,220 shares of the textile maker’s stock after purchasing an additional 1,085 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Ralph Lauren were worth $753,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Platinum Investment Management Ltd. raised its holdings in shares of Ralph Lauren by 13.1% in the third quarter. Platinum Investment Management Ltd. now owns 854 shares of the textile maker’s stock worth $99,000 after buying an additional 99 shares during the period. Spire Wealth Management grew its position in Ralph Lauren by 47.9% in the 3rd quarter. Spire Wealth Management now owns 315 shares of the textile maker’s stock valued at $37,000 after acquiring an additional 102 shares during the last quarter. CWM LLC lifted its position in shares of Ralph Lauren by 25.2% during the third quarter. CWM LLC now owns 576 shares of the textile maker’s stock worth $67,000 after purchasing an additional 116 shares during the last quarter. Financial Gravity Asset Management Inc. boosted its stake in shares of Ralph Lauren by 99.2% during the third quarter. Financial Gravity Asset Management Inc. now owns 245 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 122 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in Ralph Lauren by 5.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,034 shares of the textile maker’s stock worth $352,000 after acquiring an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on RL shares. StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, January 22nd. Raymond James upped their price target on shares of Ralph Lauren from $135.00 to $154.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. The Goldman Sachs Group lifted their price objective on shares of Ralph Lauren from $132.00 to $151.00 and gave the company a “neutral” rating in a report on Friday, February 9th. UBS Group raised their price objective on Ralph Lauren from $188.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $195.00 price target (up from $165.00) on shares of Ralph Lauren in a research report on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Ralph Lauren has an average rating of “Moderate Buy” and an average target price of $158.92.

Ralph Lauren Stock Performance

NYSE RL traded down $0.60 during trading on Tuesday, reaching $166.43. The company’s stock had a trading volume of 104,263 shares, compared to its average volume of 979,906. Ralph Lauren Co. has a twelve month low of $103.17 and a twelve month high of $192.03. The firm has a market cap of $10.64 billion, a price-to-earnings ratio of 18.94, a P/E/G ratio of 0.97 and a beta of 1.53. The business’s fifty day moving average price is $176.95 and its 200-day moving average price is $149.62. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.54 and a current ratio of 2.17.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, February 8th. The textile maker reported $4.17 EPS for the quarter, beating the consensus estimate of $3.53 by $0.64. Ralph Lauren had a return on equity of 25.88% and a net margin of 8.90%. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the prior year, the business earned $3.35 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year. As a group, analysts anticipate that Ralph Lauren Co. will post 10.23 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Wednesday, March 27th. Ralph Lauren’s dividend payout ratio is currently 34.01%.

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.