Redhawk Wealth Advisors Inc. Makes New Investment in Ralph Lauren Corporation $RL

Key Points

• Redhawk Wealth Advisors purchased 3,767 Ralph Lauren shares worth approximately $1.51 million, while institutional investors and hedge funds collectively own 67.91% of the company.
• Ralph Lauren reported strong quarterly results, with EPS of $4.59 and revenue of $1.96 billion, surpassing analyst estimates; revenue increased 13.9% year over year.
• The company raised its quarterly dividend to $1.00, or $4.00 annually, and analysts maintain a “Moderate Buy” consensus with an average price target of $445.67 versus the stock’s $397.69 opening price.

Redhawk Wealth Advisors Inc. purchased a new position in shares of Ralph Lauren Corporation (NYSE:RL - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,767 shares of the textile maker's stock, valued at approximately $1,512,000.

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

Ralph Lauren Price Performance

Shares of NYSE RL opened at $397.69 on Wednesday. The stock's 50-day simple moving average is $390.03 and its 200-day simple moving average is $368.96. The firm has a market capitalization of $23.67 billion, a PE ratio of 25.06, a price-to-earnings-growth ratio of 1.54 and a beta of 1.35. Ralph Lauren Corporation has a fifty-two week low of $283.50 and a fifty-two week high of $421.60. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.42 and a current ratio of 2.04.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The textile maker reported $4.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 39.10% and a net margin of 11.76%.The firm's quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.77 earnings per share. As a group, equities research analysts forecast that Ralph Lauren Corporation will post 18.67 EPS for the current fiscal year.

Ralph Lauren Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, June 26th. This is a positive change from Ralph Lauren's previous quarterly dividend of $0.91. Ralph Lauren's dividend payout ratio (DPR) is currently 25.20%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on RL shares. Telsey Advisory Group lifted their target price on Ralph Lauren from $460.00 to $470.00 and gave the company an "outperform" rating in a research report on Friday, August 7th. Bank of America increased their price target on shares of Ralph Lauren from $400.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday, April 16th. Barclays raised their price objective on shares of Ralph Lauren from $439.00 to $463.00 and gave the company an "overweight" rating in a research note on Friday. UBS Group lifted their price objective on shares of Ralph Lauren from $511.00 to $520.00 and gave the company a "buy" rating in a report on Friday, August 7th. Finally, JPMorgan Chase & Co. upped their target price on shares of Ralph Lauren from $434.00 to $452.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 4th. Sixteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Ralph Lauren presently has an average rating of "Moderate Buy" and a consensus target price of $445.67.

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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