Dumont & Blake Investment Advisors LLC Has $282,000 Position in Ralph Lauren Co. (NYSE:RL)

Dumont & Blake Investment Advisors LLC lessened its position in Ralph Lauren Co. (NYSE:RL) by 50.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,457 shares of the textile maker’s stock after selling 1,457 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Ralph Lauren were worth $282,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Ralph Lauren by 11.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 63,743 shares of the textile maker’s stock valued at $11,968,000 after purchasing an additional 6,378 shares in the last quarter. Bessemer Group Inc. raised its stake in Ralph Lauren by 708.2% in the first quarter. Bessemer Group Inc. now owns 9,020 shares of the textile maker’s stock valued at $1,694,000 after purchasing an additional 7,904 shares in the last quarter. Sei Investments Co. lifted its stake in Ralph Lauren by 124.3% in the first quarter. Sei Investments Co. now owns 32,173 shares of the textile maker’s stock worth $6,041,000 after purchasing an additional 17,827 shares during the last quarter. UniSuper Management Pty Ltd increased its stake in Ralph Lauren by 891.9% in the 1st quarter. UniSuper Management Pty Ltd now owns 5,009 shares of the textile maker’s stock worth $940,000 after purchasing an additional 4,504 shares during the period. Finally, CWM LLC raised its holdings in Ralph Lauren by 267.3% during the 2nd quarter. CWM LLC now owns 5,804 shares of the textile maker’s stock valued at $1,016,000 after buying an additional 4,224 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

Analyst Upgrades and Downgrades

RL has been the topic of several research reports. StockNews.com lowered Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Tuesday. The Goldman Sachs Group lifted their target price on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Telsey Advisory Group reissued an “outperform” rating and issued a $207.00 price objective on shares of Ralph Lauren in a report on Thursday, September 26th. Barclays lifted their price objective on Ralph Lauren from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Finally, Cfra set a $171.00 price objective on Ralph Lauren in a research report on Thursday, October 17th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Ralph Lauren has an average rating of “Moderate Buy” and an average target price of $192.09.

Ralph Lauren Price Performance

RL stock opened at $197.59 on Friday. Ralph Lauren Co. has a 12 month low of $109.59 and a 12 month high of $207.06. The company has a 50-day moving average price of $185.78 and a 200 day moving average price of $176.20. The stock has a market cap of $12.24 billion, a PE ratio of 19.05, a P/E/G ratio of 1.63 and a beta of 1.49. The company has a current ratio of 2.19, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.25. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.49 billion. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The company’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.34 earnings per share. Equities research analysts anticipate that Ralph Lauren Co. will post 11.23 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a $0.825 dividend. The ex-dividend date was Friday, September 27th. This represents a $3.30 annualized dividend and a dividend yield of 1.67%. Ralph Lauren’s payout ratio is presently 31.82%.

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, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.