TD Asset Management Inc Grows Stock Position in Ralph Lauren Corporation $RL

TD Asset Management Inc boosted its stake in shares of Ralph Lauren Corporation (NYSE:RL) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,470 shares of the textile maker’s stock after purchasing an additional 1,634 shares during the quarter. TD Asset Management Inc owned approximately 0.07% of Ralph Lauren worth $13,003,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of RL. Hantz Financial Services Inc. increased its stake in shares of Ralph Lauren by 1,228.6% during the second quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock worth $26,000 after buying an additional 86 shares during the period. CYBER HORNET ETFs LLC acquired a new position in Ralph Lauren during the 2nd quarter worth approximately $28,000. Rothschild Investment LLC increased its position in shares of Ralph Lauren by 61.3% in the 3rd quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 38 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of Ralph Lauren in the 2nd quarter valued at approximately $32,000. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Ralph Lauren by 57.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 143 shares of the textile maker’s stock valued at $39,000 after purchasing an additional 52 shares in the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Price Performance

Shares of NYSE:RL opened at $362.09 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.52 and a current ratio of 2.10. Ralph Lauren Corporation has a one year low of $176.61 and a one year high of $389.15. The company has a 50-day simple moving average of $362.44 and a 200-day simple moving average of $338.89. The stock has a market capitalization of $21.92 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 1.41 and a beta of 1.47.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, February 5th. The textile maker reported $6.22 EPS for the quarter, beating the consensus estimate of $5.80 by $0.42. Ralph Lauren had a return on equity of 37.97% and a net margin of 11.73%.The firm had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the prior year, the business earned $4.82 EPS. The firm’s revenue was up 12.2% compared to the same quarter last year. On average, analysts predict that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were given a dividend of $0.9125 per share. The ex-dividend date was Friday, December 26th. This represents a $3.65 dividend on an annualized basis and a yield of 1.0%. Ralph Lauren’s dividend payout ratio is presently 24.85%.

Insider Activity at Ralph Lauren

In other news, CEO Patrice Louvet sold 47,000 shares of Ralph Lauren stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $354.22, for a total value of $16,648,340.00. Following the sale, the chief executive officer owned 85,552 shares of the company’s stock, valued at $30,304,229.44. The trade was a 35.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 38.34% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on RL shares. Barclays set a $416.00 price target on Ralph Lauren and gave the stock an “overweight” rating in a report on Friday, February 6th. Argus upped their price target on Ralph Lauren from $360.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, January 15th. Citigroup increased their price target on shares of Ralph Lauren from $333.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. UBS Group boosted their price objective on shares of Ralph Lauren from $474.00 to $477.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Finally, BTIG Research lifted their price target on shares of Ralph Lauren from $400.00 to $435.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $388.19.

About Ralph Lauren

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.