Brookstone Capital Management Makes New Investment in Ralph Lauren Corporation $RL

Brookstone Capital Management purchased a new position in shares of Ralph Lauren Corporation (NYSE:RL) in the third quarter, HoldingsChannel reports. The institutional investor purchased 1,925 shares of the textile maker’s stock, valued at approximately $604,000.

Several other hedge funds and other institutional investors have also modified their holdings of RL. Broad Peak Investment Advisers Pte Ltd bought a new stake in shares of Ralph Lauren in the second quarter valued at about $6,308,000. JPMorgan Chase & Co. raised its holdings in Ralph Lauren by 13.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,007,745 shares of the textile maker’s stock valued at $276,407,000 after acquiring an additional 117,494 shares in the last quarter. Signal Advisors Wealth LLC bought a new stake in shares of Ralph Lauren in the 2nd quarter worth approximately $309,000. Whalen Wealth Management Inc. acquired a new stake in shares of Ralph Lauren during the 3rd quarter worth approximately $487,000. Finally, Entropy Technologies LP acquired a new stake in shares of Ralph Lauren during the 2nd quarter worth approximately $3,902,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Price Performance

Shares of Ralph Lauren stock opened at $358.77 on Wednesday. The stock has a market capitalization of $21.76 billion, a price-to-earnings ratio of 26.52, a P/E/G ratio of 1.74 and a beta of 1.52. The firm’s 50-day moving average price is $347.11 and its two-hundred day moving average price is $315.65. The company has a current ratio of 2.04, a quick ratio of 1.35 and a debt-to-equity ratio of 0.57. Ralph Lauren Corporation has a 1-year low of $176.61 and a 1-year high of $380.00.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, November 6th. The textile maker reported $3.79 earnings per share for the quarter, beating analysts’ consensus estimates of $3.45 by $0.34. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Ralph Lauren had a return on equity of 36.18% and a net margin of 11.28%.The business’s revenue was up 16.5% on a year-over-year basis. During the same period last year, the firm posted $2.54 EPS. On average, equities analysts predict that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 26th will be issued a $0.9125 dividend. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, December 26th. Ralph Lauren’s payout ratio is currently 26.98%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Barclays upped their target price on Ralph Lauren from $352.00 to $358.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Zacks Research cut shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 8th. Guggenheim began coverage on shares of Ralph Lauren in a research report on Tuesday, December 9th. They set a “neutral” rating on the stock. Cowen reissued a “buy” rating on shares of Ralph Lauren in a research note on Tuesday, September 30th. Finally, Needham & Company LLC raised 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. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $364.60.

Ralph Lauren Company Profile

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.