180 Wealth Advisors LLC bought a new stake in shares of Ralph Lauren Co. (NYSE:RL – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,769 shares of the textile maker’s stock, valued at approximately $466,000.
Other large investors have also modified their holdings of the company. ING Groep NV purchased a new position in shares of Ralph Lauren during the first quarter valued at approximately $51,000. Ronald Blue Trust Inc. boosted its position in shares of Ralph Lauren by 59.8% during the first quarter. Ronald Blue Trust Inc. now owns 692 shares of the textile maker’s stock valued at $73,000 after buying an additional 259 shares during the period. Sycomore Asset Management boosted its holdings in shares of Ralph Lauren by 290.0% in the first quarter. Sycomore Asset Management now owns 780 shares of the textile maker’s stock valued at $88,000 after purchasing an additional 580 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Ralph Lauren in the first quarter valued at approximately $89,000. Finally, Platinum Investment Management Ltd. purchased a new stake in shares of Ralph Lauren in the fourth quarter valued at approximately $92,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on RL. Barclays boosted their price target on Ralph Lauren from $139.00 to $141.00 and gave the company an “overweight” rating in a report on Friday, August 11th. UBS Group boosted their price objective on shares of Ralph Lauren from $168.00 to $169.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. TheStreet raised shares of Ralph Lauren from a “c+” rating to a “b” rating in a research note on Thursday, August 10th. Wells Fargo & Company upped their price target on Ralph Lauren from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Friday, August 11th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Ralph Lauren from $127.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Ralph Lauren has an average rating of “Moderate Buy” and a consensus target price of $136.00.
Ralph Lauren Stock Up 0.8 %
RL opened at $114.72 on Tuesday. Ralph Lauren Co. has a twelve month low of $82.23 and a twelve month high of $135.76. The company has a quick ratio of 1.43, a current ratio of 2.18 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average price of $121.92 and a 200 day moving average price of $117.86. The company has a market cap of $7.49 billion, a PE ratio of 14.67, a price-to-earnings-growth ratio of 0.89 and a beta of 1.42.
Ralph Lauren (NYSE:RL – Get Free Report) last released its quarterly earnings results on Thursday, August 10th. The textile maker reported $2.34 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.19. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. Ralph Lauren had a net margin of 8.24% and a return on equity of 24.97%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.88 EPS. Sell-side analysts expect that Ralph Lauren Co. will post 9.48 earnings per share for the current fiscal year.
Ralph Lauren Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.62%. Ralph Lauren’s payout ratio is 38.36%.
Insider Buying and Selling at Ralph Lauren
In other news, CEO Patrice Louvet sold 9,272 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $125.00, for a total transaction of $1,159,000.00. Following the completion of the sale, the chief executive officer now owns 193,060 shares in the company, valued at approximately $24,132,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 39.09% of the stock is owned by insiders.
About Ralph Lauren
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.
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