Wealth Enhancement Advisory Services LLC Sells 19,443 Shares of Ralph Lauren Corporation $RL

Key Points

• Wealth Enhancement Advisory Services LLC sold 19,443 shares of Ralph Lauren Corporation, reducing its holdings by 55.3% during the second quarter, leaving it with 15,729 shares valued at approximately $4.4 million.
• Several institutional investors, including Jefferies Financial Group and MassMutual Private Wealth & Trust FSB, have made significant investments and changes to their positions in Ralph Lauren shares recently.
• Ralph Lauren reported earnings per share of $3.77 for the last quarter, exceeding analyst expectations and showing a 13.7% year-over-year revenue growth to $1.72 billion.

Wealth Enhancement Advisory Services LLC cut its holdings in Ralph Lauren Corporation (NYSE:RL - Free Report) by 55.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,729 shares of the textile maker's stock after selling 19,443 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Ralph Lauren were worth $4,401,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in RL. Jefferies Financial Group Inc. bought a new position in shares of Ralph Lauren in the 4th quarter worth $212,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Ralph Lauren in the fourth quarter valued at about $5,883,000. PKO Investment Management Joint Stock Co bought a new position in Ralph Lauren during the fourth quarter worth about $924,000. NorthCrest Asset Manangement LLC grew its position in shares of Ralph Lauren by 3.3% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 5,112 shares of the textile maker's stock worth $1,181,000 after buying an additional 162 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Ralph Lauren by 93.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 122 shares of the textile maker's stock valued at $27,000 after acquiring an additional 59 shares during the last quarter. Institutional investors own 67.91% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on RL shares. Evercore ISI boosted their price objective on shares of Ralph Lauren from $320.00 to $335.00 and gave the company an "outperform" rating in a report on Monday, August 4th. Wells Fargo & Company boosted their price target on shares of Ralph Lauren from $320.00 to $345.00 and gave the company an "overweight" rating in a report on Monday, September 8th. Barclays lowered their price objective on shares of Ralph Lauren from $360.00 to $353.00 and set an "overweight" rating for the company in a research report on Wednesday, September 17th. Needham & Company LLC lifted their target price on Ralph Lauren from $335.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, September 12th. Finally, Cfra Research raised Ralph Lauren from a "moderate sell" rating to a "hold" rating in a research note on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $311.41.

Ralph Lauren Stock Down 3.0%

Shares of Ralph Lauren stock opened at $302.79 on Friday. The firm has a market cap of $18.34 billion, a PE ratio of 24.18, a P/E/G ratio of 1.58 and a beta of 1.60. The business's 50 day simple moving average is $300.40 and its 200 day simple moving average is $265.84. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.30 and a current ratio of 1.84. Ralph Lauren Corporation has a 52-week low of $176.61 and a 52-week high of $321.77.

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

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be given a dividend of $0.9125 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $3.65 annualized dividend and a yield of 1.2%. Ralph Lauren's payout ratio is 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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