IRON Financial LLC Acquires New Stake in Ralph Lauren Corporation $RL

Key Points

• IRON Financial LLC acquired a new stake in Ralph Lauren Corporation, purchasing 841 shares valued at approximately $231,000 in the 2nd quarter.
• Analysts have shown optimism for Ralph Lauren, with analysts from Weiss Ratings and Zacks Research reaffirming ratings of "buy" and "strong-buy," respectively, while multiple firms increased their target prices.
• Ralph Lauren recently announced a quarterly dividend of $0.9125 per share, representing an annualized yield of 1.2%, with a dividend payout ratio of 29.15%.

IRON Financial LLC acquired a new stake in Ralph Lauren Corporation (NYSE:RL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 841 shares of the textile maker's stock, valued at approximately $231,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Aberdeen Group plc raised its stake in Ralph Lauren by 17.0% in the 2nd quarter. Aberdeen Group plc now owns 7,508 shares of the textile maker's stock valued at $2,059,000 after purchasing an additional 1,090 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Ralph Lauren by 25.3% in the 2nd quarter. Blue Trust Inc. now owns 520 shares of the textile maker's stock worth $143,000 after acquiring an additional 105 shares during the last quarter. 3Chopt Investment Partners LLC acquired a new stake in shares of Ralph Lauren in the 2nd quarter worth $839,000. IFP Advisors Inc increased its stake in shares of Ralph Lauren by 25.4% in the 2nd quarter. IFP Advisors Inc now owns 736 shares of the textile maker's stock worth $202,000 after acquiring an additional 149 shares during the last quarter. Finally, Optas LLC acquired a new stake in shares of Ralph Lauren in the 2nd quarter worth $211,000. 67.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Ralph Lauren in a research note on Wednesday. Zacks Research raised Ralph Lauren to a "strong-buy" rating in a research note on Tuesday, August 12th. Telsey Advisory Group raised their target price on Ralph Lauren from $335.00 to $350.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 17th. UBS Group raised their target price on Ralph Lauren from $385.00 to $404.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Finally, Jefferies Financial Group raised their target price on Ralph Lauren from $325.00 to $365.00 and gave the stock a "buy" rating in a research note on Wednesday, September 17th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $320.53.

Ralph Lauren Stock Performance

NYSE RL opened at $309.71 on Friday. The stock has a market cap of $18.76 billion, a PE ratio of 24.74, a P/E/G ratio of 1.63 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. Ralph Lauren Corporation has a twelve month low of $176.61 and a twelve month high of $330.11. The stock has a fifty day simple moving average of $305.40 and a 200-day simple moving average of $273.00.

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 analysts' consensus estimates of $3.50 by $0.27. The business had revenue of $1.72 billion during 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 company's revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.70 EPS. Equities 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 announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were issued a dividend of $0.9125 per share. This represents a $3.65 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, September 26th. Ralph Lauren's dividend payout ratio (DPR) is 29.15%.

About Ralph Lauren

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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