Bank of America Corp DE Has $117.68 Million Stock Position in Ralph Lauren Corporation $RL

Key Points

• Bank of America reduced its Ralph Lauren position by 15.2% in the first quarter, selling 61,423 shares and retaining 342,093 shares valued at approximately $117.68 million. Institutional investors collectively own 67.91% of the company.
• Analysts remain broadly bullish: 15 analysts rate Ralph Lauren a Buy and three rate it a Hold, producing a “Moderate Buy” consensus and an average price target of $436.21.
• Ralph Lauren reported quarterly earnings of $4.59 per share and revenue of $1.96 billion, exceeding estimates, while revenue increased 13.9% year over year. The company also raised its quarterly dividend to $1.00 per share, equivalent to a 1.0% annual yield.

Bank of America Corp DE lowered its position in Ralph Lauren Corporation (NYSE:RL - Free Report) by 15.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 342,093 shares of the textile maker's stock after selling 61,423 shares during the period. Bank of America Corp DE owned 0.57% of Ralph Lauren worth $117,677,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Orion Porfolio Solutions LLC grew its stake in Ralph Lauren by 8,937.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker's stock valued at $264,225,000 after purchasing an additional 952,681 shares during the period. Invesco Ltd. raised its position in shares of Ralph Lauren by 26.2% in the fourth quarter. Invesco Ltd. now owns 1,324,018 shares of the textile maker's stock worth $468,186,000 after buying an additional 275,263 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Ralph Lauren by 40.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 895,017 shares of the textile maker's stock valued at $316,487,000 after acquiring an additional 255,511 shares in the last quarter. AQR Capital Management LLC grew its position in Ralph Lauren by 38.6% in the fourth quarter. AQR Capital Management LLC now owns 881,360 shares of the textile maker's stock worth $311,658,000 after acquiring an additional 245,242 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Ralph Lauren by 70.5% during the 4th quarter. First Trust Advisors LP now owns 586,225 shares of the textile maker's stock valued at $207,295,000 after purchasing an additional 242,386 shares during the last quarter. Institutional investors own 67.91% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Telsey Advisory Group raised their price target on shares of Ralph Lauren from $435.00 to $460.00 and gave the stock an "outperform" rating in a report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $441.00 target price on shares of Ralph Lauren in a report on Tuesday. UBS Group raised their price objective on shares of Ralph Lauren from $480.00 to $511.00 and gave the stock a "buy" rating in a report on Friday, May 22nd. Bank of America boosted their price target on shares of Ralph Lauren from $400.00 to $450.00 and gave the stock a "buy" rating in a research note on Thursday, April 16th. Finally, BTIG Research restated a "buy" rating and set a $450.00 target price on shares of Ralph Lauren in a research report on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $436.21.

Ralph Lauren Stock Performance

Shares of Ralph Lauren stock opened at $396.46 on Friday. The company has a market capitalization of $23.60 billion, a PE ratio of 26.24, a PEG ratio of 1.88 and a beta of 1.35. The stock's fifty day simple moving average is $387.93 and its 200 day simple moving average is $368.20. The company has a current ratio of 2.13, a quick ratio of 1.57 and a debt-to-equity ratio of 0.51. Ralph Lauren Corporation has a 12 month low of $273.04 and a 12 month high of $421.60.

Ralph Lauren (NYSE:RL - Get Free Report) last released its earnings results on Thursday, August 6th. The textile maker reported $4.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.32 by $0.27. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the company posted $3.77 earnings per share. Ralph Lauren's revenue was up 13.9% on a year-over-year basis. On average, research analysts predict that Ralph Lauren Corporation will post 18.4 EPS for the current year.

Ralph Lauren Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were paid a $1.00 dividend. The ex-dividend date of this dividend was Friday, June 26th. This is a positive change from Ralph Lauren's previous quarterly dividend of $0.91. This represents a $4.00 annualized dividend and a dividend yield of 1.0%. Ralph Lauren's payout ratio is currently 26.47%.

Trending Headlines about Ralph Lauren

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

• Positive Sentiment: Quarterly beat: Ralph Lauren reported adjusted earnings of $4.59 per share versus the $4.27 consensus estimate. Revenue rose 13.9% year over year to $1.96 billion, exceeding expectations of $1.87 billion. Ralph Lauren quarterly earnings report
• Positive Sentiment: Strong demand and profitability: Results benefited from broad-based global demand, affluent shoppers, higher full-price selling and operating-margin expansion, signaling healthy brand momentum and pricing power. Ralph Lauren Q1 earnings beat
• Positive Sentiment: Raised outlook: Management lifted its fiscal 2027 revenue-growth forecast to 5%-6% and expects operating-margin expansion of 60-80 basis points, above its previous outlook. Ralph Lauren raises fiscal 2027 outlook
• Positive Sentiment: Analyst support: Needham raised its price target from $405 to $450 and assigned a Buy rating. Commentator Jim Cramer also highlighted Ralph Lauren’s disciplined brand-building, core-business expansion and global growth strategy. Needham raises Ralph Lauren price target
• Neutral Sentiment: Despite the favorable earnings reaction, RL remains near its 52-week high, so elevated valuation and high investor expectations could increase sensitivity to any slowdown in demand.
• Negative Sentiment: Quiver Quantitative reported that insiders made no open-market purchases and recorded 17 sales during the past six months, including sales by senior executives. This may weigh modestly on sentiment, although the transactions do not necessarily indicate a change in business fundamentals.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source