Union Bancaire Privee UBP SA Takes $5.69 Million Position in Ralph Lauren Corporation $RL

Key Points

• Union Bancaire Privee UBP SA acquired a new position of 16,100 shares of Ralph Lauren (NYSE:RL) in Q4, valued at approximately $5.69 million.
• CEO Patrice Louvet sold 47,000 shares on Feb 10 for about $16.65 million, reducing his stake by 35.46% to 85,552 shares.
• Wall Street sentiment is positive with an average rating of “Moderate Buy” and a consensus target price of $389.06, while several firms have issued Buy/Strong Buy ratings and raised targets.

Union Bancaire Privee UBP SA acquired a new position in shares of Ralph Lauren Corporation (NYSE:RL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 16,100 shares of the textile maker's stock, valued at approximately $5,693,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. JPL Wealth Management LLC acquired a new stake in shares of Ralph Lauren in the 3rd quarter worth approximately $27,000. Rothschild Investment LLC raised its holdings in Ralph Lauren by 61.3% during the third quarter. Rothschild Investment LLC now owns 100 shares of the textile maker's stock worth $31,000 after purchasing an additional 38 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Ralph Lauren during the second quarter worth $28,000. MAI Capital Management grew its holdings in Ralph Lauren by 248.4% in the third quarter. MAI Capital Management now owns 108 shares of the textile maker's stock valued at $34,000 after purchasing an additional 77 shares during the last quarter. Finally, MUFG Securities EMEA plc purchased a new position in shares of Ralph Lauren in the second quarter valued at $32,000. 67.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

RL has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft set a $422.00 price objective on shares of Ralph Lauren in a research report on Thursday, January 8th. Evercore set a $420.00 price target on shares of Ralph Lauren and gave the company an "outperform" rating in a report on Friday, February 6th. Barclays increased 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. UBS Group restated a "buy" rating on shares of Ralph Lauren in a research report on Tuesday, March 3rd. Finally, Jefferies Financial Group reduced their target price on Ralph Lauren from $425.00 to $410.00 and set a "buy" rating on the stock in a research note on Friday, February 6th. 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $389.06.

Ralph Lauren Stock Performance

Shares of RL opened at $329.80 on Friday. Ralph Lauren Corporation has a 1 year low of $176.61 and a 1 year high of $389.15. The company's 50 day simple moving average is $357.38 and its 200 day simple moving average is $343.77. The company has a market capitalization of $19.97 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 1.33 and a beta of 1.47. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.52 and a current ratio of 2.10.

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 the consensus estimate of $5.80 by $0.42. Ralph Lauren had a return on equity of 37.97% and a net margin of 11.73%.The company had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the previous year, the firm posted $4.82 EPS. Ralph Lauren's revenue was up 12.2% on a year-over-year basis. On average, sell-side analysts predict that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be paid a $0.9125 dividend. This represents a $3.65 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, March 27th. Ralph Lauren's dividend payout ratio (DPR) is presently 24.85%.

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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