Nisa Investment Advisors LLC Increases Stake in Ralph Lauren Corporation $RL

Nisa Investment Advisors LLC boosted its stake in shares of Ralph Lauren Corporation (NYSE:RL) by 90.1% during the 3rd quarter, Holdings Channel reports. The firm owned 36,064 shares of the textile maker’s stock after acquiring an additional 17,094 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Ralph Lauren were worth $11,342,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Wedmont Private Capital lifted its stake in shares of Ralph Lauren by 3.1% during the third quarter. Wedmont Private Capital now owns 1,114 shares of the textile maker’s stock worth $362,000 after buying an additional 34 shares during the period. Bank of New Hampshire increased its position in shares of Ralph Lauren by 0.4% in the 3rd quarter. Bank of New Hampshire now owns 9,483 shares of the textile maker’s stock valued at $2,973,000 after acquiring an additional 41 shares during the period. Optas LLC raised its stake in Ralph Lauren by 5.4% in the 3rd quarter. Optas LLC now owns 813 shares of the textile maker’s stock worth $255,000 after acquiring an additional 42 shares during the last quarter. Coldstream Capital Management Inc. grew its stake in Ralph Lauren by 6.3% during the 2nd quarter. Coldstream Capital Management Inc. now owns 806 shares of the textile maker’s stock valued at $221,000 after purchasing an additional 48 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Ralph Lauren by 57.1% in the second quarter. Geneos Wealth Management Inc. now owns 143 shares of the textile maker’s stock valued at $39,000 after purchasing an additional 52 shares during the period. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Trading Up 1.3%

Ralph Lauren stock opened at $369.88 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.35 and a debt-to-equity ratio of 0.57. Ralph Lauren Corporation has a 12 month low of $176.61 and a 12 month high of $380.00. The stock’s 50 day simple moving average is $351.98 and its two-hundred day simple moving average is $320.49. The firm has a market cap of $22.43 billion, a PE ratio of 27.34, a P/E/G ratio of 1.81 and a beta of 1.49.

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

Ralph Lauren Announces Dividend

The company 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 was Friday, December 26th. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.0%. Ralph Lauren’s dividend payout ratio is 26.98%.

Analyst Ratings Changes

Several research analysts have recently issued reports on RL shares. Guggenheim began coverage on Ralph Lauren in a research note on Tuesday, December 9th. They issued a “neutral” rating for the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $435.00 price target on shares of Ralph Lauren in a report on Wednesday, December 17th. Zacks Research cut shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 8th. Wells Fargo & Company upped their price objective on shares of Ralph Lauren from $385.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. Finally, BTIG Research started coverage on shares of Ralph Lauren in a research note on Tuesday, October 14th. They issued a “buy” rating and a $400.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Ralph Lauren presently has an average rating of “Moderate Buy” and a consensus target price of $373.75.

About Ralph Lauren

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.