14,683 Shares of Ralph Lauren Corporation $RL Acquired by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments acquired a new stake of 14,683 Ralph Lauren shares in the third quarter, valued at about $5.2 million. Institutional investors collectively own 67.91% of the stock.
• Ralph Lauren’s quarterly results beat estimates: earnings were $4.64 per share and revenue was $2.19 billion, up 9.1% year over year. The company raised its full-year revenue outlook, though weak European sales and its forward outlook tempered the positive results.
• The company pays a quarterly dividend of $1 per share, equivalent to $4 annually and a 1.0% yield. Analysts’ consensus rating is “Moderate Buy,” with a $449.07 average price target.

Mirae Asset Global Investments Co. Ltd. acquired a new position in Ralph Lauren Corporation (NYSE:RL - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 14,683 shares of the textile maker's stock, valued at approximately $5,213,000.

Several other hedge funds have also recently bought and sold shares of RL. Vise Technologies Inc. increased its stake in shares of Ralph Lauren by 17.7% in the third quarter. Vise Technologies Inc. now owns 2,597 shares of the textile maker's stock valued at $922,000 after purchasing an additional 391 shares during the period. MGO One Seven LLC raised its holdings in shares of Ralph Lauren by 6.0% during the third quarter. MGO One Seven LLC now owns 4,511 shares of the textile maker's stock valued at $1,602,000 after buying an additional 254 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in shares of Ralph Lauren by 39.3% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 11,193 shares of the textile maker's stock worth $3,974,000 after buying an additional 3,160 shares during the period. Choreo LLC boosted its position in shares of Ralph Lauren by 2.2% during the third quarter. Choreo LLC now owns 2,527 shares of the textile maker's stock worth $897,000 after buying an additional 55 shares during the period. Finally, Moody Aldrich Partners LLC acquired a new position in shares of Ralph Lauren during the third quarter worth approximately $286,000. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Trading Down 6.9%

Ralph Lauren stock opened at $383.67 on Friday. The firm has a 50 day simple moving average of $363.44 and a 200-day simple moving average of $367.66. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.04 and a quick ratio of 1.42. The stock has a market capitalization of $22.86 billion, a PE ratio of 24.18, a price-to-earnings-growth ratio of 1.86 and a beta of 1.30. Ralph Lauren Corporation has a 12-month low of $308.41 and a 12-month high of $421.60.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The textile maker reported $4.64 EPS for the quarter, beating analysts' consensus estimates of $4.26 by $0.38. Ralph Lauren had a net margin of 11.76% and a return on equity of 39.10%. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the business earned $3.79 earnings per share. The business's revenue for the quarter was up 9.1% on a year-over-year basis. As a group, equities research analysts expect that Ralph Lauren Corporation will post 18.88 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, September 25th were given a dividend of $1.00 per share. The ex-dividend date was Friday, September 25th. This represents a $4.00 annualized dividend and a dividend yield of 1.0%. Ralph Lauren's dividend payout ratio (DPR) is 25.20%.

Ralph Lauren News Summary

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

• Positive Sentiment: Adjusted earnings of $4.64 per share and revenue of $2.19 billion topped analyst estimates; revenue increased 9.1% year over year. The company also raised its full-year revenue outlook. Reuters: Ralph Lauren raises annual revenue forecast
• Positive Sentiment: Strong Asia sales, resilient consumer demand and higher margins supported the earnings beat and improved guidance. Zacks: RL Q2 Earnings Beat Estimates on Strong Asia Sales, Margins Rise
• Negative Sentiment: Weak European sales and the forward outlook tempered the upbeat results. The market reaction suggests investors were looking for stronger signals beyond the quarterly beat and guidance increase. Seeking Alpha: Ralph Lauren slips as weak European sales and FY27 outlook temper upbeat FQ2

Analyst Upgrades and Downgrades

RL has been the topic of several recent analyst reports. Weiss Ratings downgraded Ralph Lauren from a "buy (b+)" rating to a "buy (b)" rating in a research note on Wednesday, August 26th. UBS Group increased their price target on Ralph Lauren from $520.00 to $521.00 and gave the stock a "buy" rating in a research note on Wednesday, October 28th. Telsey Advisory Group raised their price target on Ralph Lauren from $460.00 to $470.00 and gave the company an "outperform" rating in a report on Friday, August 7th. Needham & Company LLC lifted their price objective on shares of Ralph Lauren from $405.00 to $450.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Finally, Wells Fargo & Company lifted their price objective on shares of Ralph Lauren from $415.00 to $425.00 and gave the company an "overweight" rating in a research note on Tuesday, July 21st. Fifteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $449.07.

About Ralph Lauren

Ralph Lauren Corporation NYSE: RL is a global luxury lifestyle company founded by Ralph Lauren in 1967. The company designs, markets and distributes apparel, accessories, home furnishings, fragrances and related products under a portfolio of brands that includes Ralph Lauren, Polo Ralph Lauren, Lauren Ralph Lauren, Ralph Lauren Purple Label and Double RL.

Ralph Lauren serves men, women and children through a combination of directly operated stores, digital commerce, wholesale distribution and licensing arrangements.

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