Arista Wealth Management LLC Invests $274,000 in Ralph Lauren Corporation $RL

Key Points

• Arista Wealth Management LLC has invested approximately $274,000 in Ralph Lauren Corporation by purchasing 1,000 shares of the stock.
• Several institutional investors, including AQR Capital Management and Invesco Ltd., have significantly increased their stakes in Ralph Lauren, indicating strong institutional interest in the company.
• Ralph Lauren has recently been rated with a "Moderate Buy" on average by analysts, with price targets reaching as high as $430.00 from various research firms.

Arista Wealth Management LLC purchased a new stake in Ralph Lauren Corporation (NYSE:RL - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,000 shares of the textile maker's stock, valued at approximately $274,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of RL. AQR Capital Management LLC raised its stake in Ralph Lauren by 55.7% in the first quarter. AQR Capital Management LLC now owns 1,157,867 shares of the textile maker's stock valued at $245,468,000 after purchasing an additional 414,275 shares in the last quarter. Invesco Ltd. raised its stake in Ralph Lauren by 22.3% in the first quarter. Invesco Ltd. now owns 1,512,903 shares of the textile maker's stock valued at $333,958,000 after purchasing an additional 275,391 shares in the last quarter. Allianz Asset Management GmbH raised its stake in Ralph Lauren by 118.3% in the second quarter. Allianz Asset Management GmbH now owns 388,138 shares of the textile maker's stock valued at $106,458,000 after purchasing an additional 210,343 shares in the last quarter. Trexquant Investment LP raised its stake in Ralph Lauren by 509.5% in the first quarter. Trexquant Investment LP now owns 158,062 shares of the textile maker's stock valued at $34,891,000 after purchasing an additional 132,128 shares in the last quarter. Finally, Jump Financial LLC raised its stake in Ralph Lauren by 8,741.2% in the first quarter. Jump Financial LLC now owns 123,600 shares of the textile maker's stock valued at $27,283,000 after purchasing an additional 122,202 shares in the last quarter. Institutional investors and hedge funds own 67.91% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. TD Cowen boosted their price target on Ralph Lauren from $354.00 to $399.00 and gave the company a "buy" rating in a research note on Tuesday, September 30th. JPMorgan Chase & Co. lifted their target price on Ralph Lauren from $423.00 to $430.00 and gave the company an "overweight" rating in a research report on Friday, September 26th. Jefferies Financial Group lifted their target price on Ralph Lauren from $325.00 to $365.00 and gave the company a "buy" rating in a research report on Wednesday, September 17th. Cfra Research upgraded Ralph Lauren from a "moderate sell" rating to a "hold" rating in a research report on Monday, August 11th. Finally, BTIG Research started coverage on Ralph Lauren in a research report on Tuesday. They issued a "buy" rating and a $400.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $333.94.

Ralph Lauren Stock Performance

NYSE:RL opened at $327.94 on Friday. The stock has a market cap of $19.86 billion, a P/E ratio of 26.19, a price-to-earnings-growth ratio of 1.61 and a beta of 1.61. The company has a current ratio of 1.84, a quick ratio of 1.30 and a debt-to-equity ratio of 0.58. The stock's 50-day moving average is $307.91 and its 200-day moving average is $276.35. Ralph Lauren Corporation has a 1-year low of $176.61 and a 1-year high of $330.11.

Ralph Lauren (NYSE:RL - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The textile maker reported $3.77 earnings per share for the quarter, topping the consensus estimate of $3.50 by $0.27. The company had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.65 billion. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.The business's quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.70 earnings per share. Equities research analysts anticipate that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were issued a dividend of $0.9125 per share. This represents a $3.65 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, September 26th. Ralph Lauren's payout ratio is 29.15%.

Ralph Lauren Company Profile

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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