Meeder Asset Management Inc. Increases Position in Ralph Lauren Corporation $RL

Meeder Asset Management Inc. increased its stake in shares of Ralph Lauren Corporation (NYSE:RL) by 49.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,437 shares of the textile maker’s stock after buying an additional 1,461 shares during the period. Meeder Asset Management Inc.’s holdings in Ralph Lauren were worth $1,391,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Citizens Financial Group Inc. RI raised its holdings in Ralph Lauren by 1.4% during the third quarter. Citizens Financial Group Inc. RI now owns 13,331 shares of the textile maker’s stock worth $4,180,000 after purchasing an additional 187 shares during the last quarter. Oliver Luxxe Assets LLC increased its position in shares of Ralph Lauren by 34.4% in the third quarter. Oliver Luxxe Assets LLC now owns 30,678 shares of the textile maker’s stock valued at $9,619,000 after buying an additional 7,844 shares in the last quarter. Forum Financial Management LP raised its stake in shares of Ralph Lauren by 21.8% during the 3rd quarter. Forum Financial Management LP now owns 939 shares of the textile maker’s stock worth $294,000 after buying an additional 168 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in Ralph Lauren by 27.7% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 4,394 shares of the textile maker’s stock valued at $1,378,000 after acquiring an additional 954 shares during the last quarter. Finally, Conway Capital Management Inc. increased its holdings in Ralph Lauren by 18.0% during the 3rd quarter. Conway Capital Management Inc. now owns 1,210 shares of the textile maker’s stock valued at $379,000 after acquiring an additional 185 shares in the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Price Performance

RL stock opened at $369.88 on Monday. The company has a market cap of $22.43 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 1.81 and a beta of 1.49. The company has a current ratio of 2.04, a quick ratio of 1.35 and a debt-to-equity ratio of 0.57. The stock has a 50-day moving average price of $351.98 and a two-hundred day moving average price of $320.81. Ralph Lauren Corporation has a 12-month low of $176.61 and a 12-month high of $380.00.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, November 6th. The textile maker reported $3.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.45 by $0.34. Ralph Lauren had a return on equity of 36.18% and a net margin of 11.28%.The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the previous year, the business earned $2.54 EPS. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. As a group, research analysts predict that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were given a $0.9125 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a $3.65 annualized dividend and a yield of 1.0%. Ralph Lauren’s dividend payout ratio (DPR) is 26.98%.

Wall Street Analysts Forecast Growth

RL has been the topic of several research reports. JPMorgan Chase & Co. increased their price target on shares of Ralph Lauren from $423.00 to $430.00 and gave the company an “overweight” rating in a research report on Friday, September 26th. Wells Fargo & Company increased their price objective on Ralph Lauren from $385.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. BTIG Research started coverage on shares of Ralph Lauren in a report on Tuesday, October 14th. They set a “buy” rating and a $400.00 price target for the company. UBS Group lifted their target price on shares of Ralph Lauren from $435.00 to $473.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Jefferies Financial Group lifted their price objective on Ralph Lauren from $385.00 to $425.00 and gave the company a “buy” rating in a research report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $373.75.

Ralph Lauren Profile

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.