Ralph Lauren Corporation $RL Shares Purchased by Wealthspire Advisors LLC

Wealthspire Advisors LLC increased its position in Ralph Lauren Corporation (NYSE:RL) by 5.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 9,046 shares of the textile maker’s stock after acquiring an additional 428 shares during the period. Wealthspire Advisors LLC’s holdings in Ralph Lauren were worth $2,481,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. JW Asset Management LLC purchased a new stake in Ralph Lauren in the second quarter valued at approximately $549,000. Empowered Funds LLC grew its stake in shares of Ralph Lauren by 64.5% during the 2nd quarter. Empowered Funds LLC now owns 20,292 shares of the textile maker’s stock valued at $5,566,000 after buying an additional 7,958 shares during the period. Nomura Asset Management Co. Ltd. raised its position in shares of Ralph Lauren by 454.3% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 5,127 shares of the textile maker’s stock worth $1,406,000 after buying an additional 4,202 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Ralph Lauren by 2.0% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 27,287 shares of the textile maker’s stock valued at $7,484,000 after acquiring an additional 531 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in Ralph Lauren by 3.1% during the second quarter. Cetera Investment Advisers now owns 10,970 shares of the textile maker’s stock valued at $3,009,000 after acquiring an additional 326 shares during the period. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Ralph Lauren Trading Up 0.8%

RL opened at $330.75 on Thursday. The firm’s 50 day moving average is $321.74 and its 200-day moving average is $296.59. Ralph Lauren Corporation has a 52-week low of $176.61 and a 52-week high of $342.99. 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 firm has a market capitalization of $20.06 billion, a P/E ratio of 26.42, a P/E/G ratio of 1.63 and a beta of 1.61.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, November 6th. The textile maker reported $3.79 EPS for the quarter, topping analysts’ consensus estimates of $3.45 by $0.34. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.88 billion. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The firm’s revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.54 EPS. Analysts expect that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were issued a $0.9125 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a $3.65 dividend on an annualized basis and a yield of 1.1%. Ralph Lauren’s dividend payout ratio is currently 26.98%.

Wall Street Analysts Forecast Growth

RL has been the topic of a number of research reports. Weiss Ratings restated a “buy (b)” rating on shares of Ralph Lauren in a report on Wednesday, October 8th. Zacks Research raised shares of Ralph Lauren to a “strong-buy” rating in a research report on Tuesday, August 12th. BTIG Research initiated coverage on shares of Ralph Lauren in a report on Tuesday, October 14th. They issued a “buy” rating and a $400.00 price target on the stock. TD Cowen lifted their price target on shares of Ralph Lauren from $354.00 to $399.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Finally, Telsey Advisory Group increased their price objective on shares of Ralph Lauren from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Ralph Lauren currently has an average rating of “Moderate Buy” and an average target price of $347.13.

Ralph Lauren 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.