Wealth Enhancement Advisory Services LLC Increases Stake in Ralph Lauren Corporation (NYSE:RL)

Wealth Enhancement Advisory Services LLC boosted its stake in Ralph Lauren Corporation (NYSE:RL - Free Report) by 239.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,172 shares of the textile maker's stock after purchasing an additional 24,799 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.06% of Ralph Lauren worth $7,764,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of RL. MassMutual Private Wealth & Trust FSB increased its holdings in Ralph Lauren by 93.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 122 shares of the textile maker's stock valued at $27,000 after purchasing an additional 59 shares during the period. Sentry Investment Management LLC lifted its position in shares of Ralph Lauren by 178.0% in the 1st quarter. Sentry Investment Management LLC now owns 139 shares of the textile maker's stock worth $31,000 after purchasing an additional 89 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Ralph Lauren by 1,270.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker's stock valued at $32,000 after buying an additional 127 shares during the period. Jones Financial Companies Lllp boosted its position in Ralph Lauren by 281.1% during the 4th quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker's stock valued at $47,000 after acquiring an additional 149 shares in the last quarter. Finally, Pinpoint Asset Management Ltd lifted its stake in shares of Ralph Lauren by 22,500.0% in the 4th quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker's stock valued at $52,000 after purchasing an additional 225 shares during the period. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Stock Performance

Shares of Ralph Lauren stock traded up $1.31 during trading on Wednesday, hitting $275.10. 574,443 shares of the company's stock traded hands, compared to its average volume of 817,936. Ralph Lauren Corporation has a 1 year low of $155.96 and a 1 year high of $289.33. The business has a 50-day simple moving average of $255.03 and a 200-day simple moving average of $243.98. The stock has a market capitalization of $16.59 billion, a P/E ratio of 23.70, a PEG ratio of 1.94 and a beta of 1.51. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.78 and a quick ratio of 1.33.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The textile maker reported $2.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.00 by $0.27. Ralph Lauren had a net margin of 10.49% and a return on equity of 31.76%. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the firm posted $1.71 EPS. The business's quarterly revenue was up 8.3% compared to the same quarter last year. As a group, analysts forecast that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren declared that its board has authorized a share repurchase plan on Thursday, May 22nd that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the textile maker to reacquire up to 8.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Ralph Lauren Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be given a $0.9125 dividend. This represents a $3.65 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Friday, June 27th. This is an increase from Ralph Lauren's previous quarterly dividend of $0.83. Ralph Lauren's payout ratio is 28.42%.

Wall Street Analysts Forecast Growth

RL has been the subject of several recent research reports. Telsey Advisory Group reissued an "outperform" rating and set a $315.00 price objective on shares of Ralph Lauren in a research report on Wednesday, June 18th. Wells Fargo & Company increased their price target on shares of Ralph Lauren from $275.00 to $300.00 and gave the stock an "overweight" rating in a research note on Friday, May 23rd. Cfra Research cut shares of Ralph Lauren from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, May 20th. UBS Group set a $384.00 price objective on shares of Ralph Lauren and gave the stock a "buy" rating in a report on Friday, May 23rd. Finally, Wall Street Zen downgraded shares of Ralph Lauren from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $292.88.

Ralph Lauren 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.