TD Waterhouse Canada Inc. Increases Holdings in Ralph Lauren Corporation $RL

TD Waterhouse Canada Inc. boosted its position in Ralph Lauren Corporation (NYSE:RL) by 1,325.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 171 shares of the textile maker’s stock after buying an additional 159 shares during the period. TD Waterhouse Canada Inc.’s holdings in Ralph Lauren were worth $47,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of RL. Hantz Financial Services Inc. increased its stake in shares of Ralph Lauren by 1,228.6% in the second quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock worth $26,000 after acquiring an additional 86 shares during the period. Banque Transatlantique SA purchased a new stake in Ralph Lauren in the first quarter valued at $33,000. Brooklyn Investment Group grew its position in Ralph Lauren by 180.3% during the 1st quarter. Brooklyn Investment Group now owns 171 shares of the textile maker’s stock worth $38,000 after purchasing an additional 110 shares during the period. First Horizon Advisors Inc. raised its stake in shares of Ralph Lauren by 69.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 151 shares of the textile maker’s stock valued at $41,000 after buying an additional 62 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd purchased a new position in shares of Ralph Lauren during the 1st quarter valued at about $43,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on RL. UBS Group upped their price objective on Ralph Lauren from $421.00 to $435.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Needham & Company LLC upped their price objective on shares of Ralph Lauren from $335.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Wells Fargo & Company increased their target price on shares of Ralph Lauren from $320.00 to $345.00 and gave the stock an “overweight” rating in a research note on Monday, September 8th. Wall Street Zen upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Finally, Barclays increased their price target on Ralph Lauren from $352.00 to $358.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $347.13.

Ralph Lauren Trading Up 4.1%

Shares of Ralph Lauren stock opened at $364.36 on Wednesday. The company has a current ratio of 1.84, a quick ratio of 1.30 and a debt-to-equity ratio of 0.58. Ralph Lauren Corporation has a twelve month low of $176.61 and a twelve month high of $365.81. The firm has a market capitalization of $22.10 billion, a PE ratio of 29.10, a P/E/G ratio of 1.63 and a beta of 1.61. The firm’s 50-day moving average price is $324.12 and its 200 day moving average price is $299.84.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, November 6th. The textile maker reported $3.79 earnings per share for the quarter, beating analysts’ consensus estimates of $3.45 by $0.34. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the firm posted $2.54 EPS. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, sell-side analysts predict that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were paid a dividend of $0.9125 per share. This represents a $3.65 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, September 26th. Ralph Lauren’s dividend payout ratio is currently 26.98%.

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.