1,507 Shares in Ralph Lauren Corporation $RL Acquired by Sequoia Financial Advisors LLC

Key Points

• Sequoia Financial Advisors LLC has acquired 1,507 shares of Ralph Lauren Corporation, valued at approximately $413,000, marking a new investment in the company.
• Several analysts have increased their target prices for Ralph Lauren shares, with estimates now ranging from $335.00 to $430.00, indicating a generally positive outlook on the stock.
• Ralph Lauren recently announced a quarterly dividend of $0.9125, reflecting an annualized yield of 1.1% and a dividend payout ratio of 29.15%.

Sequoia Financial Advisors LLC acquired a new position in Ralph Lauren Corporation (NYSE:RL - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,507 shares of the textile maker's stock, valued at approximately $413,000.

Several other institutional investors and hedge funds also recently made changes to their positions in RL. Banque Transatlantique SA bought a new stake in shares of Ralph Lauren during the 1st quarter valued at $33,000. Brooklyn Investment Group raised its position in shares of Ralph Lauren by 180.3% during the 1st quarter. Brooklyn Investment Group now owns 171 shares of the textile maker's stock valued at $38,000 after acquiring an additional 110 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Ralph Lauren during the 1st quarter valued at $39,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Ralph Lauren during the 1st quarter valued at $43,000. Finally, MRP Capital Investments LLC raised its position in shares of Ralph Lauren by 175.0% during the 1st quarter. MRP Capital Investments LLC now owns 275 shares of the textile maker's stock valued at $61,000 after acquiring an additional 175 shares during the last quarter. Institutional investors own 67.91% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Ralph Lauren from $423.00 to $430.00 and gave the company an "overweight" rating in a research report on Friday, September 26th. Evercore ISI upped their target price on shares of Ralph Lauren from $320.00 to $335.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Wall Street Zen raised shares of Ralph Lauren from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Jefferies Financial Group boosted their price target on shares of Ralph Lauren from $325.00 to $365.00 and gave the company a "buy" rating in a report on Wednesday, September 17th. Finally, Zacks Research raised shares of Ralph Lauren to a "strong-buy" rating in a report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $333.94.

Ralph Lauren Price Performance

Shares of RL stock opened at $332.72 on Tuesday. The firm has a market capitalization of $20.15 billion, a price-to-earnings ratio of 26.57, a price-to-earnings-growth ratio of 1.63 and a beta of 1.61. The company has a quick ratio of 1.30, a current ratio of 1.84 and a debt-to-equity ratio of 0.58. Ralph Lauren Corporation has a 12-month low of $176.61 and a 12-month high of $333.14. The firm has a fifty day moving average of $308.79 and a 200-day moving average of $278.13.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its earnings results on Thursday, August 7th. The textile maker reported $3.77 earnings per share for the quarter, topping analysts' consensus estimates of $3.50 by $0.27. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.65 billion. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The company's revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.70 EPS. On average, equities research analysts forecast that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were paid a $0.9125 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a $3.65 dividend on an annualized basis and a yield of 1.1%. Ralph Lauren's dividend payout ratio is presently 29.15%.

About Ralph Lauren

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men's, women's, and children's clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.

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