Ritholtz Wealth Management Grows Holdings in Ralph Lauren Corporation $RL

Key Points

• Ritholtz Wealth Management increased its holdings in Ralph Lauren Corporation by 19.0%, now owning 8,295 shares valued at approximately $2.275 million.
• Several analysts have raised their price targets for Ralph Lauren, with Telsey Advisory Group and UBS Group setting new objectives of $350.00 and $404.00, respectively, both maintaining positive ratings on the stock.
• Ralph Lauren announced a quarterly dividend of $0.9125 per share, reflecting an annualized value of $3.65 and a dividend yield of 1.1%.

Ritholtz Wealth Management grew its holdings in shares of Ralph Lauren Corporation (NYSE:RL - Free Report) by 19.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,295 shares of the textile maker's stock after buying an additional 1,324 shares during the quarter. Ritholtz Wealth Management's holdings in Ralph Lauren were worth $2,275,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in RL. Banque Transatlantique SA bought a new position in Ralph Lauren during the first quarter worth $33,000. Brooklyn Investment Group lifted its stake in Ralph Lauren by 180.3% during the first quarter. Brooklyn Investment Group now owns 171 shares of the textile maker's stock worth $38,000 after purchasing an additional 110 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Ralph Lauren during the first quarter worth $39,000. Gordian Capital Singapore Pte Ltd bought a new position in Ralph Lauren during the first quarter worth $43,000. Finally, MRP Capital Investments LLC lifted its stake in Ralph Lauren by 175.0% during the first quarter. MRP Capital Investments LLC now owns 275 shares of the textile maker's stock worth $61,000 after purchasing an additional 175 shares during the last quarter. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Telsey Advisory Group raised their price objective 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 price objective on Ralph Lauren from $385.00 to $404.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Jefferies Financial Group raised their price objective on Ralph Lauren from $325.00 to $365.00 and gave the stock a "buy" rating in a research note on Wednesday, September 17th. Evercore ISI raised their target price on Ralph Lauren from $320.00 to $335.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Ralph Lauren in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Ralph Lauren has an average rating of "Moderate Buy" and an average target price of $333.94.

Ralph Lauren Price Performance

Shares of RL opened at $322.94 on Friday. The firm has a market capitalization of $19.56 billion, a price-to-earnings ratio of 25.79, a price-to-earnings-growth ratio of 1.59 and a beta of 1.61. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.30 and a current ratio of 1.84. Ralph Lauren Corporation has a one year low of $176.61 and a one year high of $330.11. The stock's fifty day moving average is $307.12 and its 200-day moving average is $275.67.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The textile maker reported $3.77 EPS for the quarter, beating analysts' consensus estimates of $3.50 by $0.27. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.65 billion. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.The company's quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the company earned $2.70 earnings per share. Equities analysts anticipate that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders 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 dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, September 26th. Ralph Lauren's dividend payout ratio (DPR) is 29.15%.

Ralph Lauren Company 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.

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