Signal Advisors Wealth LLC Takes $309,000 Position in Ralph Lauren Corporation $RL

Key Points

• Signal Advisors Wealth LLC has invested approximately $309,000 in Ralph Lauren Corporation by purchasing 1,126 shares during the second quarter.
• Ralph Lauren's recent earnings report showed an EPS of $3.77, outperforming analysts' estimates, with quarterly revenue reaching $1.72 billion, a 13.7% increase year-over-year.
• The company announced a quarterly dividend of $0.9125, reflecting an annualized dividend of $3.65 and a dividend yield of 1.2%, set to be paid on October 10th.

Signal Advisors Wealth LLC bought a new position in Ralph Lauren Corporation (NYSE:RL - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,126 shares of the textile maker's stock, valued at approximately $309,000.

Other hedge funds have also made changes to their positions in the company. OMNI 360 Wealth Inc. purchased a new stake in shares of Ralph Lauren in the 1st quarter worth $248,000. Crossmark Global Holdings Inc. lifted its holdings in shares of Ralph Lauren by 13.5% in the 1st quarter. Crossmark Global Holdings Inc. now owns 22,590 shares of the textile maker's stock worth $4,987,000 after buying an additional 2,684 shares during the period. Truist Financial Corp lifted its holdings in shares of Ralph Lauren by 7.8% in the 1st quarter. Truist Financial Corp now owns 300,837 shares of the textile maker's stock worth $66,407,000 after buying an additional 21,681 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Ralph Lauren by 31.5% in the 1st quarter. BNP Paribas Financial Markets now owns 171,141 shares of the textile maker's stock worth $37,778,000 after buying an additional 40,977 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Ralph Lauren by 8.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 237,479 shares of the textile maker's stock worth $52,421,000 after buying an additional 17,732 shares during the period. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Ralph Lauren Price Performance

RL traded up $1.39 during trading on Tuesday, hitting $309.04. The company's stock had a trading volume of 152,156 shares, compared to its average volume of 837,632. 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 $321.77. The business's fifty day simple moving average is $299.04 and its 200 day simple moving average is $264.61. The firm has a market capitalization of $18.72 billion, a price-to-earnings ratio of 24.71, a P/E/G ratio of 1.58 and a beta of 1.60.

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

Ralph Lauren Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be issued a $0.9125 dividend. This represents a $3.65 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, September 26th. Ralph Lauren's dividend payout ratio (DPR) is presently 29.15%.

Wall Street Analyst Weigh In

RL has been the subject of a number of analyst reports. Jefferies Financial Group upped 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. Needham & Company LLC upped their price objective on Ralph Lauren from $335.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Cfra Research upgraded Ralph Lauren from a "moderate sell" rating to a "hold" rating in a research note on Monday, August 11th. Wall Street Zen upgraded Ralph Lauren from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Finally, UBS Group upped 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. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Ralph Lauren currently has an average rating of "Moderate Buy" and a consensus price target of $311.41.

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.