Ballentine Partners LLC Purchases New Holdings in Ralph Lauren Corporation $RL

Key Points

• Ballentine Partners LLC has acquired a new position in Ralph Lauren Corporation, purchasing 1,157 shares valued at approximately $317,000 during the second quarter.
• Ralph Lauren reported earnings per share (EPS) of $3.77 for the last quarter, exceeding analysts' expectations by $0.27, with a revenue of $1.72 billion.
• The company recently announced a quarterly dividend of $0.9125 per share, reflecting an annualized dividend yield of 1.2% and a payout ratio of 29.15%.

Ballentine Partners LLC acquired a new position in Ralph Lauren Corporation (NYSE:RL - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,157 shares of the textile maker's stock, valued at approximately $317,000.

Several other large investors have also modified their holdings of RL. Kestra Private Wealth Services LLC lifted its stake in shares of Ralph Lauren by 4.2% during the 1st quarter. Kestra Private Wealth Services LLC now owns 1,045 shares of the textile maker's stock worth $231,000 after acquiring an additional 42 shares during the last quarter. Baader Bank Aktiengesellschaft increased its stake in Ralph Lauren by 3.4% in the first quarter. Baader Bank Aktiengesellschaft now owns 1,367 shares of the textile maker's stock worth $300,000 after purchasing an additional 45 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of Ralph Lauren by 93.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 122 shares of the textile maker's stock worth $27,000 after purchasing an additional 59 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Ralph Lauren by 17.6% during the first quarter. Blue Trust Inc. now owns 415 shares of the textile maker's stock valued at $92,000 after purchasing an additional 62 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Ralph Lauren by 25.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 329 shares of the textile maker's stock worth $73,000 after purchasing an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company's stock.

Ralph Lauren Trading Up 3.0%

Shares of NYSE RL opened at $312.04 on Monday. Ralph Lauren Corporation has a 1-year low of $176.61 and a 1-year high of $321.77. The business has a fifty day moving average price of $300.85 and a 200 day moving average price of $267.10. The stock has a market capitalization of $18.90 billion, a P/E ratio of 24.92, a price-to-earnings-growth ratio of 1.58 and a beta of 1.60. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.84 and a quick ratio of 1.30.

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

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be given a dividend of $0.9125 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.2%. Ralph Lauren's dividend payout ratio is presently 29.15%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on RL shares. Wall Street Zen raised shares of Ralph Lauren from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Evercore ISI lifted their price target on shares of Ralph Lauren from $320.00 to $335.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Wells Fargo & Company boosted their price target on Ralph Lauren from $320.00 to $345.00 and gave the company an "overweight" rating in a report on Monday, September 8th. Barclays reduced their price objective on Ralph Lauren from $360.00 to $353.00 and set an "overweight" rating on the stock in a report on Wednesday, September 17th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $312.82.

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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