Valeo Financial Advisors LLC Invests $228,000 in Ralph Lauren Corporation $RL

Key Points

• Valeo Financial Advisors LLC invested $228,000 in Ralph Lauren Corporation during the 2nd quarter, acquiring a new stake of 832 shares.
• Multiple analysts have recently upgraded their ratings for Ralph Lauren, with JPMorgan Chase boosting their price target from $423 to $430 and Zacks Research giving it a "strong-buy" rating.
• Ralph Lauren declared a quarterly dividend of $0.9125 per share, reflecting an annualized payment of $3.65 and a dividend yield of 1.2%.

Valeo Financial Advisors LLC acquired a new stake in Ralph Lauren Corporation (NYSE:RL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 832 shares of the textile maker's stock, valued at approximately $228,000.

Other large investors also recently added to or reduced their stakes in the company. Banque Transatlantique SA bought a new stake in shares of Ralph Lauren during the first quarter valued at approximately $33,000. Brooklyn Investment Group increased its holdings in Ralph Lauren by 180.3% during the 1st 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 period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Ralph Lauren during the 1st quarter worth $39,000. Gordian Capital Singapore Pte Ltd bought a new position in shares of Ralph Lauren during the 1st quarter worth $43,000. Finally, MRP Capital Investments LLC grew its position in shares of Ralph Lauren by 175.0% during the 1st quarter. MRP Capital Investments LLC now owns 275 shares of the textile maker's stock worth $61,000 after buying an additional 175 shares in the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on RL. Cowen reissued a "buy" rating on shares of Ralph Lauren in a research report on Tuesday, September 30th. JPMorgan Chase & Co. boosted their price target on shares of Ralph Lauren from $423.00 to $430.00 and gave the company an "overweight" rating in a report on Friday, September 26th. Zacks Research upgraded shares of Ralph Lauren to a "strong-buy" rating in a report on Tuesday, August 12th. Needham & Company LLC lifted their price objective on shares of Ralph Lauren from $335.00 to $350.00 and gave the company a "buy" rating in a report on Friday, September 12th. Finally, Jefferies Financial Group lifted their price objective on shares of Ralph Lauren from $325.00 to $365.00 and gave the company a "buy" rating in a report on Wednesday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $320.53.

Ralph Lauren Price Performance

Shares of RL opened at $309.71 on Friday. The company has a market cap of $18.76 billion, a price-to-earnings ratio of 24.74, a price-to-earnings-growth ratio of 1.63 and a beta of 1.61. Ralph Lauren Corporation has a twelve month low of $176.61 and a twelve month high of $330.11. The company has a quick ratio of 1.30, a current ratio of 1.84 and a debt-to-equity ratio of 0.58. The company has a 50 day moving average of $305.40 and a two-hundred day moving average of $273.00.

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 firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the business posted $2.70 EPS. The business's revenue for the quarter was up 13.7% compared to the same quarter last year. As a group, analysts predict that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal 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 paid a dividend of $0.9125 per share. The ex-dividend date was Friday, September 26th. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.2%. Ralph Lauren's payout ratio is presently 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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