Unique Wealth Strategies LLC Invests $723,000 in Ralph Lauren Co. (NYSE:RL)

Unique Wealth Strategies LLC acquired a new position in Ralph Lauren Co. (NYSE:RL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,013 shares of the textile maker’s stock, valued at approximately $723,000.

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

Ralph Lauren Stock Down 0.3 %

Shares of Ralph Lauren stock traded down $0.45 during midday trading on Friday, hitting $166.48. The company had a trading volume of 704,151 shares, compared to its average volume of 984,319. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.54 and a current ratio of 2.17. The stock has a market capitalization of $10.64 billion, a P/E ratio of 18.88, a P/E/G ratio of 0.98 and a beta of 1.53. The company has a 50 day moving average of $177.23 and a 200 day moving average of $148.74. Ralph Lauren Co. has a 52-week low of $103.17 and a 52-week high of $192.03.

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

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.75 per share. The ex-dividend date was Wednesday, March 27th. This represents a $3.00 annualized dividend and a yield of 1.80%. Ralph Lauren’s dividend payout ratio is 34.01%.

Wall Street Analysts Forecast Growth

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