Truist Financial Corp Purchases 27,848 Shares of Ralph Lauren Corporation $RL

Key Points

• Truist Financial increased its stake in Ralph Lauren by 8.1%, purchasing 27,848 shares and owning 371,086 shares (about 0.61% of the company) valued at roughly $131.22 million per its SEC filing.
• Analysts are broadly positive—16 Buy, 3 Hold and 1 Sell—giving RL an average rating of "Moderate Buy" and an average price target of $399.19 after several firms raised targets recently.
• Ralph Lauren posted a quarterly earnings beat (EPS $6.22 vs. $5.80) with revenue up 12.2% year-over-year, and recently paid a quarterly dividend of $0.9125 (annualized $3.65, ~1.0% yield).

Truist Financial Corp grew its position in Ralph Lauren Corporation (NYSE:RL - Free Report) by 8.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 371,086 shares of the textile maker's stock after purchasing an additional 27,848 shares during the quarter. Truist Financial Corp owned approximately 0.61% of Ralph Lauren worth $131,220,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. JPL Wealth Management LLC bought a new position in shares of Ralph Lauren in the third quarter valued at approximately $27,000. CYBER HORNET ETFs LLC bought a new position in shares of Ralph Lauren in the second quarter valued at approximately $28,000. Aventura Private Wealth LLC bought a new position in shares of Ralph Lauren in the fourth quarter valued at approximately $29,000. Rothschild Investment LLC raised its position in shares of Ralph Lauren by 61.3% in the third quarter. Rothschild Investment LLC now owns 100 shares of the textile maker's stock valued at $31,000 after purchasing an additional 38 shares during the period. Finally, MUFG Securities EMEA plc bought a new position in shares of Ralph Lauren in the second quarter valued at approximately $32,000. Institutional investors own 67.91% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on RL shares. BTIG Research lifted their price target on shares of Ralph Lauren from $400.00 to $435.00 and gave the company a "buy" rating in a research report on Friday, February 6th. Barclays lifted their price target on shares of Ralph Lauren from $416.00 to $430.00 and gave the company an "overweight" rating in a research report on Friday, March 6th. Citigroup raised shares of Ralph Lauren from a "neutral" rating to a "buy" rating and lifted their price target for the company from $360.00 to $400.00 in a research report on Tuesday, March 24th. Telsey Advisory Group reissued an "outperform" rating and issued a $435.00 price target on shares of Ralph Lauren in a research report on Thursday, February 5th. Finally, UBS Group reaffirmed a "buy" rating on shares of Ralph Lauren in a research report on Tuesday, March 3rd. Sixteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $399.19.

Ralph Lauren Price Performance

Shares of Ralph Lauren stock opened at $362.41 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.10 and a quick ratio of 1.52. Ralph Lauren Corporation has a fifty-two week low of $228.05 and a fifty-two week high of $393.41. The firm has a fifty day moving average price of $357.85 and a two-hundred day moving average price of $353.79. The company has a market cap of $21.94 billion, a PE ratio of 24.67, a price-to-earnings-growth ratio of 1.27 and a beta of 1.37.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The textile maker reported $6.22 earnings per share for the quarter, beating analysts' consensus estimates of $5.80 by $0.42. The firm had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.30 billion. Ralph Lauren had a net margin of 11.73% and a return on equity of 37.97%. The business's revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $4.82 EPS. Analysts expect that Ralph Lauren Corporation will post 16.25 EPS for the current year.

Ralph Lauren Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were issued a $0.9125 dividend. This represents a $3.65 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, March 27th. Ralph Lauren's payout ratio is 24.85%.

Insider Transactions at Ralph Lauren

In other Ralph Lauren news, CEO Patrice Louvet sold 47,000 shares of the business's stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $354.22, for a total value of $16,648,340.00. Following the sale, the chief executive officer owned 85,552 shares of the company's stock, valued at $30,304,229.44. The trade was a 35.46% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 38.34% of the stock is owned by company insiders.

Ralph Lauren Company 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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