Eudaimonia Advisors LLC Acquires Shares of 1,630 Ralph Lauren Co. (NYSE:RL)

Eudaimonia Advisors LLC acquired a new stake in shares of Ralph Lauren Co. (NYSE:RL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,630 shares of the textile maker’s stock, valued at approximately $235,000.

Several other institutional investors have also bought and sold shares of RL. Financial Gravity Asset Management Inc. lifted its holdings in shares of Ralph Lauren by 99.2% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 245 shares of the textile maker’s stock worth $28,000 after acquiring an additional 122 shares during the last quarter. Spire Wealth Management lifted its holdings in shares of Ralph Lauren by 47.9% in the 3rd quarter. Spire Wealth Management now owns 315 shares of the textile maker’s stock worth $37,000 after acquiring an additional 102 shares during the last quarter. Ronald Blue Trust Inc. lifted its holdings in shares of Ralph Lauren by 119.9% in the 3rd quarter. Ronald Blue Trust Inc. now owns 343 shares of the textile maker’s stock worth $42,000 after acquiring an additional 187 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Ralph Lauren in the 3rd quarter worth about $46,000. Finally, CWM LLC lifted its holdings in shares of Ralph Lauren by 25.2% in the 3rd quarter. CWM LLC now owns 576 shares of the textile maker’s stock worth $67,000 after acquiring an additional 116 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Down 0.1 %

NYSE RL traded down $0.12 during trading on Wednesday, reaching $167.96. 354,956 shares of the company’s stock traded hands, compared to its average volume of 991,016. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.17 and a quick ratio of 1.54. The firm has a market cap of $10.74 billion, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 0.94 and a beta of 1.53. The company’s 50 day simple moving average is $177.85 and its two-hundred day simple moving average is $148.09. Ralph Lauren Co. has a 12-month low of $103.17 and a 12-month high of $192.03.

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

Ralph Lauren Announces Dividend

The company also recently disclosed 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 1.79%. The ex-dividend date of this dividend was Wednesday, March 27th. Ralph Lauren’s payout ratio is currently 34.01%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RL. Wells Fargo & Company raised their target price on shares of Ralph Lauren from $160.00 to $185.00 and gave the stock an “equal weight” rating in a report on Monday, March 4th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $195.00 price target (up previously from $165.00) on shares of Ralph Lauren in a research note on Thursday, February 8th. The Goldman Sachs Group raised their price target on shares of Ralph Lauren from $132.00 to $151.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. UBS Group raised their price target on shares of Ralph Lauren from $188.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Finally, Raymond James raised their price target on shares of Ralph Lauren from $135.00 to $154.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Ralph Lauren presently has an average rating of “Moderate Buy” and an average price target of $155.64.

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