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 the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 also recently added to or reduced their stakes in the company. Platinum Investment Management Ltd. raised its stake in Ralph Lauren by 13.1% in the 3rd quarter. Platinum Investment Management Ltd. now owns 854 shares of the textile maker’s stock worth $99,000 after acquiring an additional 99 shares during the last quarter. Spire Wealth Management raised its stake in 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. CWM LLC raised its stake in 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. Financial Gravity Asset Management Inc. raised its stake in 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. Finally, PNC Financial Services Group Inc. raised its stake in Ralph Lauren by 5.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,034 shares of the textile maker’s stock worth $352,000 after acquiring an additional 166 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Price Performance

Shares of Ralph Lauren stock traded down $0.45 on Friday, hitting $166.48. The company’s stock 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. Ralph Lauren Co. has a 1 year low of $103.17 and a 1 year high of $192.03. The firm has a fifty day moving average price of $177.23 and a 200-day moving average price of $148.74. The company has a market capitalization of $10.64 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 0.98 and a beta of 1.53.

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

Ralph Lauren Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Telsey Advisory Group restated an “outperform” rating and issued a $195.00 target price (up previously from $165.00) on shares of Ralph Lauren in a research note on Thursday, February 8th. UBS Group lifted their price objective on Ralph Lauren from $188.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Raymond James lifted their price objective on Ralph Lauren from $135.00 to $154.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Monday, January 22nd. Finally, The Goldman Sachs Group lifted their price objective on Ralph Lauren from $132.00 to $151.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Ralph Lauren currently has an average rating of “Moderate Buy” and an average price target of $155.64.

Ralph Lauren Company 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.