Vest Financial LLC Purchases 2,821 Shares of Ralph Lauren Corporation $RL

Key Points

• Vest Financial LLC increased its stake in Ralph Lauren Corporation by 18.0%, owning 18,530 shares worth approximately $5.08 million after purchasing an additional 2,821 shares in the second quarter.
• Ralph Lauren reported earnings of $3.77 per share for the last quarter, exceeding estimates by $0.27, while its revenue reached $1.72 billion, up 13.7% year-over-year.
• The company announced a quarterly dividend of $0.9125 per share, with a dividend yield of 1.2% and a payout ratio of 29.15%.

Vest Financial LLC increased its stake in Ralph Lauren Corporation (NYSE:RL - Free Report) by 18.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,530 shares of the textile maker's stock after purchasing an additional 2,821 shares during the period. Vest Financial LLC's holdings in Ralph Lauren were worth $5,082,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Banque Transatlantique SA acquired a new stake in Ralph Lauren in the 1st quarter worth approximately $33,000. Brooklyn Investment Group boosted its stake in Ralph Lauren by 180.3% in 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Ralph Lauren in the 1st quarter worth approximately $39,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Ralph Lauren in the 1st quarter worth approximately $43,000. Finally, MRP Capital Investments LLC boosted its stake in Ralph Lauren by 175.0% in the 1st quarter. MRP Capital Investments LLC now owns 275 shares of the textile maker's stock worth $61,000 after purchasing an additional 175 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Ralph Lauren Price Performance

NYSE:RL opened at $317.03 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.84 and a quick ratio of 1.30. The firm has a market cap of $19.20 billion, a price-to-earnings ratio of 25.32, a price-to-earnings-growth ratio of 1.56 and a beta of 1.61. The company has a 50 day moving average price of $305.66 and a 200-day moving average price of $274.36. Ralph Lauren Corporation has a 1-year low of $176.61 and a 1-year high of $330.11.

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

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were issued a dividend of $0.9125 per share. This represents a $3.65 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, September 26th. Ralph Lauren's payout ratio is 29.15%.

Analysts Set New Price Targets

A number of research firms recently commented on RL. TD Cowen lifted their target price on shares of Ralph Lauren from $354.00 to $399.00 and gave the stock a "buy" rating in a research note on Tuesday, September 30th. Weiss Ratings restated a "buy (b)" rating on shares of Ralph Lauren in a research note on Wednesday, October 8th. 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 research note on Wednesday, September 17th. Telsey Advisory Group lifted their price objective on shares of Ralph Lauren from $335.00 to $350.00 and gave the company an "outperform" rating in a research note on Wednesday, September 17th. Finally, Cfra Research upgraded shares of Ralph Lauren from a "moderate sell" rating to a "hold" rating in a research note on Monday, August 11th. Two investment 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 assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $320.53.

About Ralph Lauren

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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