Nisa Investment Advisors LLC Buys 17,094 Shares of Ralph Lauren Corporation $RL

Nisa Investment Advisors LLC lifted its position in Ralph Lauren Corporation (NYSE:RL) by 90.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,064 shares of the textile maker’s stock after purchasing an additional 17,094 shares during the period. Nisa Investment Advisors LLC owned 0.06% of Ralph Lauren worth $11,342,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Kingswood Wealth Advisors LLC bought a new stake in Ralph Lauren during the 3rd quarter valued at $465,000. Venturi Wealth Management LLC increased its stake in shares of Ralph Lauren by 40.8% during the third quarter. Venturi Wealth Management LLC now owns 1,464 shares of the textile maker’s stock valued at $459,000 after buying an additional 424 shares during the period. SG Americas Securities LLC raised its holdings in shares of Ralph Lauren by 229.2% in the third quarter. SG Americas Securities LLC now owns 29,753 shares of the textile maker’s stock valued at $9,329,000 after acquiring an additional 20,715 shares in the last quarter. Spire Wealth Management raised its holdings in shares of Ralph Lauren by 17.4% in the third quarter. Spire Wealth Management now owns 904 shares of the textile maker’s stock valued at $284,000 after acquiring an additional 134 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its stake in Ralph Lauren by 2.0% in the third quarter. Park Avenue Securities LLC now owns 3,468 shares of the textile maker’s stock worth $1,087,000 after acquiring an additional 69 shares during the period. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Price Performance

Shares of RL opened at $369.88 on Friday. The company has a 50 day moving average of $351.98 and a two-hundred day moving average of $320.49. The company has a quick ratio of 1.35, a current ratio of 2.04 and a debt-to-equity ratio of 0.57. Ralph Lauren Corporation has a twelve month low of $176.61 and a twelve month high of $380.00. The company has a market cap of $22.43 billion, a price-to-earnings ratio of 27.34, a price-to-earnings-growth ratio of 1.81 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $1.88 billion. The business’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.54 earnings per share. As a group, analysts predict that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were paid a $0.9125 dividend. The ex-dividend date was Friday, December 26th. This represents a $3.65 dividend on an annualized basis 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 a number of research reports. Telsey Advisory Group reissued an “outperform” rating and set a $435.00 target price on shares of Ralph Lauren in a research report on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft set a $422.00 price objective on shares of Ralph Lauren in a research note on Thursday. Wall Street Zen raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. UBS Group upped their target price on Ralph Lauren from $435.00 to $473.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Wells Fargo & Company increased their target price on Ralph Lauren from $385.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Ralph Lauren presently has a consensus rating of “Moderate Buy” and an average price target 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.