4,078 Shares in Ralph Lauren Corporation $RL Bought by Miller Global Investments LLC

Key Points

• Miller Global Investments LLC bought a new stake of 4,078 shares of Ralph Lauren (~$1.44M) in Q4, making RL about 1.3% of its portfolio and its 14th-largest holding, while several other hedge funds also added to positions and institutional ownership is ~67.9%.
• Ralph Lauren recently beat quarterly estimates (EPS $6.22 vs. $5.80; revenue $2.41B, +12.2% YoY), carries an average analyst rating of "Moderate Buy" with a consensus target of $389.06, and declared a quarterly dividend of $0.9125 (annualized $3.65, ~1.1% yield).

Miller Global Investments LLC purchased a new stake in Ralph Lauren Corporation (NYSE:RL - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 4,078 shares of the textile maker's stock, valued at approximately $1,442,000. Ralph Lauren makes up about 1.3% of Miller Global Investments LLC's investment portfolio, making the stock its 14th largest holding.

Several other hedge funds also recently added to or reduced their stakes in RL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Ralph Lauren by 5.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,432 shares of the textile maker's stock worth $758,000 after purchasing an additional 174 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Ralph Lauren by 0.9% in the first quarter. Empowered Funds LLC now owns 12,334 shares of the textile maker's stock valued at $2,723,000 after buying an additional 114 shares in the last quarter. Woodline Partners LP raised its holdings in shares of Ralph Lauren by 39.5% during the 1st quarter. Woodline Partners LP now owns 3,369 shares of the textile maker's stock valued at $744,000 after buying an additional 954 shares during the period. Focus Partners Wealth raised its holdings in shares of Ralph Lauren by 29.5% during the 1st quarter. Focus Partners Wealth now owns 3,812 shares of the textile maker's stock valued at $841,000 after buying an additional 869 shares during the period. Finally, Sivia Capital Partners LLC acquired a new position in Ralph Lauren during the 2nd quarter worth approximately $386,000. 67.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on RL shares. Wells Fargo & Company upped their price target on Ralph Lauren from $385.00 to $400.00 and gave the stock an "overweight" rating in a report on Tuesday, December 16th. UBS Group reiterated a "buy" rating on shares of Ralph Lauren in a research note on Tuesday, March 3rd. Telsey Advisory Group reissued an "outperform" rating and set a $435.00 target price on shares of Ralph Lauren in a research report on Thursday, February 5th. Zacks Research upgraded shares of Ralph Lauren from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 9th. Finally, Guggenheim began coverage on shares of Ralph Lauren in a report on Tuesday, December 9th. They set a "neutral" rating for the company. Two research 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, Ralph Lauren has an average rating of "Moderate Buy" and a consensus target price of $389.06.

Ralph Lauren Price Performance

Shares of NYSE RL opened at $340.78 on Friday. The company has a quick ratio of 1.52, a current ratio of 2.10 and a debt-to-equity ratio of 0.50. Ralph Lauren Corporation has a fifty-two week low of $176.61 and a fifty-two week high of $389.15. The business has a 50 day moving average price of $358.19 and a two-hundred day moving average price of $343.55. The firm has a market cap of $20.63 billion, a PE ratio of 23.20, a price-to-earnings-growth ratio of 1.33 and a beta of 1.47.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its earnings results 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. The company had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.30 billion. Ralph Lauren had a return on equity of 37.97% and a net margin of 11.73%.Ralph Lauren's quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the company posted $4.82 EPS. Sell-side analysts expect that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be issued a $0.9125 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $3.65 annualized dividend and a yield of 1.1%. Ralph Lauren's dividend payout ratio is currently 24.85%.

Insider Buying and Selling

In other Ralph Lauren news, CEO Patrice Louvet sold 47,000 shares of the 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 transaction, the chief executive officer directly owned 85,552 shares in the company, valued at $30,304,229.44. This represents a 35.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 38.34% of the stock is owned by company insiders.

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.

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