Ralph Lauren Corporation $RL Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Ralph Lauren Corporation (NYSE:RL) by 18.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,362 shares of the textile maker’s stock after buying an additional 5,075 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.05% of Ralph Lauren worth $10,147,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of RL. Hantz Financial Services Inc. raised its holdings in shares of Ralph Lauren by 1,228.6% in the second quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock worth $26,000 after acquiring an additional 86 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in Ralph Lauren in the 2nd quarter valued at about $28,000. MUFG Securities EMEA plc purchased a new position in Ralph Lauren in the 2nd quarter valued at about $32,000. Geneos Wealth Management Inc. boosted its stake in shares of Ralph Lauren by 57.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 143 shares of the textile maker’s stock worth $39,000 after purchasing an additional 52 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Ralph Lauren by 94.8% during the third quarter. Farther Finance Advisors LLC now owns 150 shares of the textile maker’s stock worth $47,000 after buying an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Price Performance

RL stock opened at $367.12 on Friday. The company has a market cap of $22.26 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 1.64 and a beta of 1.49. The company has a current ratio of 2.04, a quick ratio of 1.35 and a debt-to-equity ratio of 0.57. The stock has a 50-day moving average price of $359.84 and a two-hundred day moving average price of $326.59. Ralph Lauren Corporation has a 12-month low of $176.61 and a 12-month high of $380.00.

Ralph Lauren (NYSE:RL) last released 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. Ralph Lauren had a return on equity of 36.18% and a net margin of 11.28%.The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the business posted $2.54 EPS. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. As a group, research analysts predict that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were paid a dividend of $0.9125 per share. This represents a $3.65 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, December 26th. Ralph Lauren’s payout ratio is currently 26.98%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RL. Telsey Advisory Group restated an “outperform” rating and set a $435.00 target price on shares of Ralph Lauren in a research report on Wednesday, December 17th. Guggenheim started coverage on Ralph Lauren in a report on Tuesday, December 9th. They set a “neutral” rating on the stock. UBS Group lifted their price objective on Ralph Lauren from $435.00 to $473.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft set a $422.00 target price on Ralph Lauren in a research report on Thursday, January 8th. Finally, Evercore ISI lifted their price target on Ralph Lauren from $340.00 to $375.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Fifteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Ralph Lauren presently has an average rating of “Moderate Buy” and a consensus target price of $375.29.

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.