Eleva Capital SAS Buys 2,889 Shares of Ralph Lauren Corporation $RL

Key Points

• Eleva Capital SAS initiated a position in Ralph Lauren during the third quarter, buying 2,889 shares valued at approximately $1.03 million. Institutional investors collectively own 67.91% of the company.
• Analysts remain broadly positive, with 15 Buy ratings and two Holds contributing to a “Moderate Buy” consensus and an average price target of $449, above the reported trading price of $365.84.
• Ralph Lauren exceeded quarterly expectations, reporting $4.59 in earnings per share and $1.96 billion in revenue, while revenue grew 13.9% year over year. The company also declared a quarterly dividend of $1.00 per share, representing a 1.1% yield.

Eleva Capital SAS purchased a new position in Ralph Lauren Corporation (NYSE:RL - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,889 shares of the textile maker's stock, valued at approximately $1,026,000. Ralph Lauren comprises about 0.9% of Eleva Capital SAS's holdings, making the stock its 25th biggest position.

Several other institutional investors also recently added to or reduced their stakes in the stock. CX Institutional grew its position in shares of Ralph Lauren by 37.5% during the 3rd quarter. CX Institutional now owns 1,068 shares of the textile maker's stock valued at $379,000 after acquiring an additional 291 shares during the period. QRG Capital Management Inc. lifted its stake in Ralph Lauren by 8.8% in the second quarter. QRG Capital Management Inc. now owns 1,243 shares of the textile maker's stock valued at $499,000 after purchasing an additional 101 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in Ralph Lauren in the second quarter valued at approximately $203,000. Talon Private Wealth LLC bought a new position in Ralph Lauren during the second quarter valued at $790,000. Finally, WINTON GROUP Ltd grew its holdings in Ralph Lauren by 126.4% during the second quarter. WINTON GROUP Ltd now owns 4,258 shares of the textile maker's stock valued at $1,709,000 after purchasing an additional 2,377 shares during the period. Institutional investors own 67.91% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on RL. Needham & Company LLC upped their price target on Ralph Lauren from $405.00 to $450.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Raymond James Financial restated an "outperform" rating and issued a $425.00 price objective on shares of Ralph Lauren in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $446.00 target price on shares of Ralph Lauren in a research report on Friday, August 7th. Barclays lifted their target price on shares of Ralph Lauren from $439.00 to $463.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Finally, Wall Street Zen cut shares of Ralph Lauren from a "buy" rating to a "hold" rating in a research note on Saturday, September 5th. Fifteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $449.00.

Ralph Lauren Price Performance

Ralph Lauren stock traded up $0.30 during midday trading on Tuesday, reaching $365.84. 126,343 shares of the stock were exchanged, compared to its average volume of 647,123. The company's fifty day moving average is $362.24 and its 200-day moving average is $368.35. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.42 and a current ratio of 2.04. The firm has a market cap of $21.80 billion, a PE ratio of 23.07, a PEG ratio of 1.36 and a beta of 1.34. Ralph Lauren Corporation has a 52 week low of $306.55 and a 52 week high of $421.60.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The textile maker reported $4.59 EPS for the quarter, beating the consensus estimate of $4.32 by $0.27. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.87 billion. Ralph Lauren had a net margin of 11.76% and a return on equity of 39.10%. The business's quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the firm earned $3.77 EPS. On average, sell-side analysts forecast that Ralph Lauren Corporation will post 18.79 EPS for the current year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, September 25th. Ralph Lauren's payout ratio is presently 25.20%.

About Ralph Lauren

Ralph Lauren Corporation NYSE: RL is a global lifestyle company that designs, markets, and distributes apparel, accessories, home furnishings, fragrances, and related products. Its portfolio includes the Ralph Lauren, Polo Ralph Lauren, Lauren Ralph Lauren, Purple Label, Double RL, and other brands, which offer products across men's, women's, and children's categories.

The company sells its products through company-operated stores, e-commerce platforms, department stores, specialty retailers, and selected third-party distributors.

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