Focus Partners Advisor Solutions LLC Purchases 1,599 Shares of Ralph Lauren Corporation $RL

Focus Partners Advisor Solutions LLC raised its position in Ralph Lauren Corporation (NYSE:RL) by 35.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,060 shares of the textile maker’s stock after acquiring an additional 1,599 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Ralph Lauren were worth $2,004,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hantz Financial Services Inc. increased its position in shares of Ralph Lauren by 1,228.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 86 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in Ralph Lauren during the second quarter valued at approximately $28,000. Rothschild Investment LLC increased its holdings in Ralph Lauren by 61.3% during the third quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock valued at $31,000 after buying an additional 38 shares during the last quarter. MUFG Securities EMEA plc bought a new position in Ralph Lauren in the second quarter worth approximately $32,000. Finally, MAI Capital Management boosted its stake in shares of Ralph Lauren by 248.4% during the 3rd quarter. MAI Capital Management now owns 108 shares of the textile maker’s stock worth $34,000 after acquiring an additional 77 shares during the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Stock Down 0.3%

NYSE RL opened at $359.80 on Thursday. Ralph Lauren Corporation has a 12 month low of $176.61 and a 12 month high of $389.15. The company has a current ratio of 2.10, a quick ratio of 1.52 and a debt-to-equity ratio of 0.50. The stock has a market cap of $21.78 billion, a PE ratio of 24.49, a P/E/G ratio of 1.41 and a beta of 1.47. The stock’s 50 day moving average is $362.10 and its 200 day moving average is $339.97.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, February 5th. The textile maker reported $6.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.80 by $0.42. Ralph Lauren had a net margin of 11.73% and a return on equity of 37.97%. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same period last year, the firm posted $4.82 EPS. The company’s revenue was up 12.2% on a year-over-year basis. Research analysts predict that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The business 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 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, December 26th. Ralph Lauren’s payout ratio is currently 24.85%.

Insider Buying and Selling

In other news, CEO Patrice Louvet sold 47,000 shares of Ralph Lauren stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $354.22, for a total value of $16,648,340.00. Following the sale, the chief executive officer directly owned 85,552 shares of the company’s stock, valued at approximately $30,304,229.44. The trade was a 35.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 38.34% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. BTIG Research upped their price objective on Ralph Lauren from $400.00 to $435.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Telsey Advisory Group reissued an “outperform” rating and set a $435.00 price target on shares of Ralph Lauren in a report on Thursday, February 5th. Argus raised their price objective on Ralph Lauren from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. UBS Group reaffirmed a “buy” rating on shares of Ralph Lauren in a research report on Tuesday. Finally, Jefferies Financial Group reduced their target price on shares of Ralph Lauren from $425.00 to $410.00 and set a “buy” rating for the company in a report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Ralph Lauren presently has an average rating of “Moderate Buy” and a consensus price target of $388.19.

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.