Ralph Lauren Corporation $RL Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 24.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 20,461 shares of the textile maker’s stock after purchasing an additional 3,985 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Ralph Lauren were worth $7,462,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. JPL Wealth Management LLC bought a new stake in Ralph Lauren during the third quarter worth approximately $27,000. CYBER HORNET ETFs LLC bought a new position in shares of Ralph Lauren in the second quarter valued at $28,000. Aventura Private Wealth LLC acquired a new stake in shares of Ralph Lauren during the 4th quarter valued at $29,000. Rothschild Investment LLC boosted its stake in shares of Ralph Lauren by 61.3% during the 3rd quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock worth $31,000 after acquiring an additional 38 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in shares of Ralph Lauren in the 2nd quarter worth $32,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Trading Down 1.8%

Shares of NYSE RL opened at $327.66 on Friday. The company has a current ratio of 2.10, a quick ratio of 1.52 and a debt-to-equity ratio of 0.50. Ralph Lauren Corporation has a one year low of $176.61 and a one year high of $389.15. The business has a 50-day moving average price of $354.72 and a two-hundred day moving average price of $344.89. The firm has a market capitalization of $19.84 billion, a PE ratio of 22.30, a PEG ratio of 1.28 and a beta of 1.47.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, February 5th. The textile maker reported $6.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.80 by $0.42. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.30 billion. Ralph Lauren had a net margin of 11.73% and a return on equity of 37.97%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.82 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 business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be given a $0.9125 dividend. The ex-dividend date is Friday, March 27th. This represents a $3.65 dividend on an annualized basis and a yield of 1.1%. Ralph Lauren’s dividend payout ratio is presently 24.85%.

Insider Activity

In other Ralph Lauren news, CEO Patrice Louvet sold 47,000 shares of Ralph Lauren stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $354.22, for a total transaction of $16,648,340.00. Following the completion of the sale, the chief executive officer owned 85,552 shares of the company’s stock, valued at $30,304,229.44. This trade represents a 35.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 38.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

RL has been the subject of several analyst reports. Weiss Ratings downgraded Ralph Lauren from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, March 20th. Citigroup raised shares of Ralph Lauren from a “neutral” rating to a “buy” rating and upped their price objective for the company from $360.00 to $400.00 in a research note on Tuesday, March 24th. Wells Fargo & Company raised their target price on shares of Ralph Lauren from $385.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. Barclays boosted their price target on shares of Ralph Lauren from $416.00 to $430.00 and gave the company an “overweight” rating in a report on Friday, March 6th. Finally, Zacks Research raised shares of Ralph Lauren from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Ralph Lauren has a consensus rating of “Moderate Buy” and a consensus target price of $391.56.

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.