Ralph Lauren Corporation $RL is Oliver Luxxe Assets LLC’s 9th Largest Position

Oliver Luxxe Assets LLC increased its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 34.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,678 shares of the textile maker’s stock after acquiring an additional 7,844 shares during the quarter. Ralph Lauren makes up about 1.5% of Oliver Luxxe Assets LLC’s holdings, making the stock its 9th largest position. Oliver Luxxe Assets LLC owned about 0.05% of Ralph Lauren worth $9,619,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Forum Financial Management LP increased its position in shares of Ralph Lauren by 21.8% during the 3rd quarter. Forum Financial Management LP now owns 939 shares of the textile maker’s stock valued at $294,000 after purchasing an additional 168 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Ralph Lauren by 27.7% during the third quarter. Oregon Public Employees Retirement Fund now owns 4,394 shares of the textile maker’s stock worth $1,378,000 after buying an additional 954 shares during the last quarter. Conway Capital Management Inc. raised its position in Ralph Lauren by 18.0% in the third quarter. Conway Capital Management Inc. now owns 1,210 shares of the textile maker’s stock worth $379,000 after acquiring an additional 185 shares during the period. Nisa Investment Advisors LLC boosted its stake in Ralph Lauren by 90.1% in the third quarter. Nisa Investment Advisors LLC now owns 36,064 shares of the textile maker’s stock valued at $11,342,000 after acquiring an additional 17,094 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC bought a new position in shares of Ralph Lauren during the 3rd quarter valued at approximately $465,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Up 1.3%

Shares of NYSE RL opened at $369.88 on Friday. The company has a quick ratio of 1.35, a current ratio of 2.04 and a debt-to-equity ratio of 0.57. The company has a market cap of $22.43 billion, a P/E ratio of 27.34, a P/E/G ratio of 1.81 and a beta of 1.49. Ralph Lauren Corporation has a 52 week low of $176.61 and a 52 week high of $380.00. The business has a 50-day simple moving average of $351.98 and a two-hundred day simple moving average of $320.49.

Ralph Lauren (NYSE:RL) last announced 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. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.88 billion. Ralph Lauren had a net margin of 11.28% and a return on equity of 36.18%. The company’s revenue for the quarter 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. Research analysts anticipate that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were issued a $0.9125 dividend. This represents a $3.65 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, December 26th. Ralph Lauren’s dividend payout ratio (DPR) is presently 26.98%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on RL shares. Cowen reaffirmed a “buy” rating on shares of Ralph Lauren in a report on Tuesday, September 30th. Barclays restated an “overweight” rating and issued a $409.00 target price on shares of Ralph Lauren in a research note on Tuesday. Guggenheim started coverage on Ralph Lauren in a research note on Tuesday, December 9th. They set a “neutral” rating for the company. BTIG Research began coverage on Ralph Lauren in a report on Tuesday, October 14th. They issued a “buy” rating and a $400.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their price objective on shares of Ralph Lauren from $423.00 to $430.00 and gave the company an “overweight” rating in a report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average 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.