WESPAC Advisors LLC Takes $595,000 Position in Ralph Lauren Corporation $RL

Key Points

• WESPAC Advisors LLC acquired a new stake in Ralph Lauren Corporation, purchasing 2,171 shares valued at approximately $595,000.
• Ralph Lauren's recent earnings report revealed an EPS of $3.77, exceeding estimates and showing a revenue increase of 13.7% year-over-year.
• The company announced a quarterly dividend of $0.9125, with a dividend yield of 1.1%, to be paid on October 10th.

WESPAC Advisors LLC bought a new stake in Ralph Lauren Corporation (NYSE:RL - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,171 shares of the textile maker's stock, valued at approximately $595,000.

Other institutional investors also recently added to or reduced their stakes in the company. Banque Transatlantique SA bought a new position in Ralph Lauren during the first quarter valued at about $33,000. Brooklyn Investment Group boosted its position in shares of Ralph Lauren by 180.3% in the first quarter. Brooklyn Investment Group now owns 171 shares of the textile maker's stock valued at $38,000 after acquiring an additional 110 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Ralph Lauren in the first quarter valued at approximately $39,000. Gordian Capital Singapore Pte Ltd bought a new position in shares of Ralph Lauren in the first quarter valued at approximately $43,000. Finally, MRP Capital Investments LLC raised its stake in Ralph Lauren by 175.0% in the first quarter. MRP Capital Investments LLC now owns 275 shares of the textile maker's stock valued at $61,000 after purchasing an additional 175 shares in the last quarter. Institutional investors own 67.91% of the company's stock.

Ralph Lauren Stock Up 1.2%

Shares of NYSE RL opened at $324.87 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.84 and a debt-to-equity ratio of 0.58. Ralph Lauren Corporation has a 52 week low of $176.61 and a 52 week high of $325.81. The firm's fifty day moving average is $304.08 and its 200 day moving average is $271.47. The company has a market cap of $19.68 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 1.62 and a beta of 1.61.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its earnings results on Thursday, August 7th. The textile maker reported $3.77 EPS 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 for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the firm earned $2.70 earnings per share. The firm's revenue for the quarter was up 13.7% on a year-over-year basis. On average, equities research analysts expect that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be paid a $0.9125 dividend. This represents a $3.65 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 26th. Ralph Lauren's payout ratio is presently 29.15%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RL. Telsey Advisory Group raised their target price 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. UBS Group raised their target price on shares of Ralph Lauren from $385.00 to $404.00 and gave the company a "buy" rating in a research note on Friday, August 8th. JPMorgan Chase & Co. lifted their price target on shares of Ralph Lauren from $423.00 to $430.00 and gave the stock an "overweight" rating in a research note on Friday, September 26th. Weiss Ratings reissued a "buy (b)" rating on shares of Ralph Lauren in a research note on Saturday, September 27th. Finally, Needham & Company LLC lifted their price target on shares of Ralph Lauren from $335.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Ralph Lauren presently has an average rating of "Moderate Buy" and an average price target of $320.53.

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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