Edgestream Partners L.P. Buys 15,412 Shares of Ralph Lauren Corporation $RL

Key Points

• Edgestream Partners increased its Ralph Lauren position by 87.8%, purchasing 15,412 additional shares to own 32,959 shares valued at approximately $11.3 million. Institutional investors collectively hold 67.91% of RL’s outstanding stock.
• Analyst sentiment remains favorable, with 15 analysts rating the stock a Buy and three rating it Hold. Ralph Lauren has an average “Moderate Buy” rating and an average price target of $430.79.
• Ralph Lauren reported quarterly EPS of $2.80 versus the $2.52 estimate, while revenue rose 16.6% year over year to $1.98 billion. The company also raised its quarterly dividend to $1.00 per share, or $4.00 annually.

Edgestream Partners L.P. increased its position in shares of Ralph Lauren Corporation (NYSE:RL - Free Report) by 87.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,959 shares of the textile maker's stock after buying an additional 15,412 shares during the quarter. Ralph Lauren accounts for 0.4% of Edgestream Partners L.P.'s portfolio, making the stock its 27th biggest holding. Edgestream Partners L.P. owned approximately 0.05% of Ralph Lauren worth $11,338,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blueline Advisors LLC acquired a new position in Ralph Lauren in the 4th quarter valued at approximately $27,000. JPL Wealth Management LLC acquired a new stake in shares of Ralph Lauren during the 3rd quarter worth approximately $27,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Ralph Lauren during the 2nd quarter worth approximately $28,000. MUFG Securities EMEA plc bought a new stake in shares of Ralph Lauren during the second quarter valued at approximately $32,000. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Ralph Lauren during the fourth quarter valued at approximately $35,000. 67.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RL has been the subject of several research reports. Wall Street Zen raised Ralph Lauren from a "hold" rating to a "buy" rating in a research report on Saturday, July 4th. Needham & Company LLC reissued a "buy" rating and issued a $400.00 price target on shares of Ralph Lauren in a report on Thursday, May 21st. Barclays increased their price objective on shares of Ralph Lauren from $430.00 to $439.00 and gave the company an "overweight" rating in a research note on Friday, May 22nd. Telsey Advisory Group raised their price objective 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. Finally, Weiss Ratings cut shares of Ralph Lauren from a "buy (b+)" rating to a "buy (b)" rating in a research note on Friday, May 15th. Fifteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $430.79.

Ralph Lauren Stock Down 0.5%

Shares of NYSE RL opened at $375.76 on Thursday. Ralph Lauren Corporation has a 52-week low of $273.04 and a 52-week high of $421.60. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.57 and a current ratio of 2.13. The business has a fifty day moving average of $387.07 and a two-hundred day moving average of $367.42. The stock has a market cap of $22.37 billion, a PE ratio of 24.87, a PEG ratio of 1.87 and a beta of 1.34.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.52 by $0.28. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The business had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.85 billion. During the same quarter last year, the company posted $2.27 EPS. The firm's revenue for the quarter was up 16.6% on a year-over-year basis. As a group, equities research analysts expect that Ralph Lauren Corporation will post 18.33 earnings per share for the current fiscal year.

Ralph Lauren Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were issued a dividend of $1.00 per share. 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 1.1%. Ralph Lauren's dividend payout ratio (DPR) is 26.47%.

Ralph Lauren 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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