Ralph Lauren Corporation $RL Shares Sold by Royal Bank of Canada

Royal Bank of Canada lowered its stake in shares of Ralph Lauren Corporation (NYSE:RL) by 33.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,776 shares of the textile maker’s stock after selling 24,884 shares during the period. Royal Bank of Canada owned about 0.08% of Ralph Lauren worth $17,122,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blueline Advisors LLC acquired a new stake in Ralph Lauren in the fourth quarter valued at $27,000. JPL Wealth Management LLC purchased a new stake in shares of Ralph Lauren in the 3rd quarter worth about $27,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Ralph Lauren in the 4th quarter worth about $35,000. Elevated Capital Advisors LLC acquired a new stake in Ralph Lauren in the 4th quarter valued at about $35,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in Ralph Lauren in the 2nd quarter valued at about $28,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on RL shares. Barclays lifted their target price on shares of Ralph Lauren from $430.00 to $439.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. UBS Group raised their price objective on shares of Ralph Lauren from $480.00 to $511.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Needham & Company LLC lifted their price objective on Ralph Lauren from $405.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $441.00 target price on shares of Ralph Lauren in a research note on Tuesday. Finally, BTIG Research reissued a “buy” rating and set a $450.00 price target on shares of Ralph Lauren in a research report on Friday, May 22nd. Fifteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $436.21.

Key Headlines Impacting Ralph Lauren

Here are the key news stories impacting Ralph Lauren this week:

• Positive Sentiment: Quarterly beat: Ralph Lauren reported adjusted earnings of $4.59 per share versus the $4.27 consensus estimate. Revenue rose 13.9% year over year to $1.96 billion, exceeding expectations of $1.87 billion. Ralph Lauren quarterly earnings report
• Positive Sentiment: Strong demand and profitability: Results benefited from broad-based global demand, affluent shoppers, higher full-price selling and operating-margin expansion, signaling healthy brand momentum and pricing power. Ralph Lauren Q1 earnings beat
• Positive Sentiment: Raised outlook: Management lifted its fiscal 2027 revenue-growth forecast to 5%-6% and expects operating-margin expansion of 60-80 basis points, above its previous outlook. Ralph Lauren raises fiscal 2027 outlook
• Positive Sentiment: Analyst support: Needham raised its price target from $405 to $450 and assigned a Buy rating. Commentator Jim Cramer also highlighted Ralph Lauren’s disciplined brand-building, core-business expansion and global growth strategy. Needham raises Ralph Lauren price target
• Neutral Sentiment: Despite the favorable earnings reaction, RL remains near its 52-week high, so elevated valuation and high investor expectations could increase sensitivity to any slowdown in demand.
• Negative Sentiment: Quiver Quantitative reported that insiders made no open-market purchases and recorded 17 sales during the past six months, including sales by senior executives. This may weigh modestly on sentiment, although the transactions do not necessarily indicate a change in business fundamentals.

Ralph Lauren Stock Up 4.1%

Shares of NYSE:RL opened at $396.46 on Friday. The stock’s 50-day moving average price is $387.93 and its two-hundred day moving average price is $368.20. The company has a current ratio of 2.13, a quick ratio of 1.57 and a debt-to-equity ratio of 0.51. Ralph Lauren Corporation has a 12-month low of $273.04 and a 12-month high of $421.60. The firm has a market cap of $23.60 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 1.88 and a beta of 1.35.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, August 6th. The textile maker reported $4.59 EPS for the quarter, beating analysts’ consensus estimates of $4.32 by $0.27. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.87 billion. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.77 EPS. On average, research analysts forecast that Ralph Lauren Corporation will post 18.4 EPS for the current year.

Ralph Lauren Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.0%. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Friday, June 26th. Ralph Lauren’s dividend payout ratio (DPR) is currently 26.47%.

Ralph Lauren Company 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.