Venturi Wealth Management LLC Purchases New Shares in Ralph Lauren Corporation $RL

Key Points

• Venturi Wealth Management LLC purchased 1,040 shares of Ralph Lauren Corporation for approximately $285,000 in the second quarter, indicating increasing interest from institutional investors.
• Research analysts have upgraded Ralph Lauren's stock ratings, with TD Cowen setting a new price target of $399.00 and JPMorgan Chase raising it to $430.00, reflecting a positive outlook.
• Ralph Lauren recently announced a quarterly dividend of $0.9125 per share, yielding approximately 1.2%, as part of its strategy to reward shareholders.

Venturi Wealth Management LLC purchased a new stake in shares of Ralph Lauren Corporation (NYSE:RL - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,040 shares of the textile maker's stock, valued at approximately $285,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RL. Banque Transatlantique SA bought a new position in Ralph Lauren in the 1st quarter valued at $33,000. Brooklyn Investment Group boosted its position in Ralph Lauren by 180.3% in the 1st quarter. Brooklyn Investment Group now owns 171 shares of the textile maker's stock valued at $38,000 after buying an additional 110 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Ralph Lauren in the 1st quarter valued at $39,000. Gordian Capital Singapore Pte Ltd bought a new position in Ralph Lauren in the 1st quarter valued at $43,000. Finally, MRP Capital Investments LLC boosted its position in Ralph Lauren by 175.0% in the 1st quarter. MRP Capital Investments LLC now owns 275 shares of the textile maker's stock valued at $61,000 after buying an additional 175 shares during the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Cfra Research upgraded Ralph Lauren from a "moderate sell" rating to a "hold" rating in a research report on Monday, August 11th. TD Cowen increased their price objective on Ralph Lauren from $354.00 to $399.00 and gave the company a "buy" rating in a research report on Tuesday, September 30th. Weiss Ratings reiterated a "buy (b)" rating on shares of Ralph Lauren in a research report on Wednesday. JPMorgan Chase & Co. raised their price target on Ralph Lauren from $423.00 to $430.00 and gave the stock an "overweight" rating in a research report on Friday, September 26th. Finally, Barclays reduced their price target on Ralph Lauren from $360.00 to $353.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $320.53.

Ralph Lauren Stock Down 4.1%

NYSE:RL opened at $309.71 on Friday. The firm has a market capitalization of $18.76 billion, a P/E ratio of 24.74, a P/E/G ratio of 1.63 and a beta of 1.61. Ralph Lauren Corporation has a 12-month low of $176.61 and a 12-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 stock's fifty day simple moving average is $305.40 and its 200-day simple moving average is $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, topping the consensus estimate of $3.50 by $0.27. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.65 billion. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.The firm's revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.70 EPS. Equities research analysts expect that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were paid a dividend of $0.9125 per share. This represents a $3.65 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, September 26th. Ralph Lauren's dividend payout ratio (DPR) 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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