Winnow Wealth LLC Acquires New Shares in Ralph Lauren Corporation $RL

Winnow Wealth LLC acquired a new position in shares of Ralph Lauren Corporation (NYSE:RL) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,864 shares of the textile maker’s stock, valued at approximately $899,000.

Other hedge funds have also made changes to their positions in the company. Bryn Mawr Trust Advisors LLC acquired a new position in shares of Ralph Lauren during the 3rd quarter worth $226,000. AE Wealth Management LLC acquired a new position in Ralph Lauren during the third quarter worth about $270,000. TD Waterhouse Canada Inc. lifted its holdings in shares of Ralph Lauren by 201.2% in the third quarter. TD Waterhouse Canada Inc. now owns 515 shares of the textile maker’s stock valued at $164,000 after purchasing an additional 344 shares in the last quarter. Truist Financial Corp grew its position in shares of Ralph Lauren by 6.6% in the third quarter. Truist Financial Corp now owns 343,238 shares of the textile maker’s stock valued at $107,626,000 after purchasing an additional 21,218 shares during the last quarter. Finally, EFG Asset Management North America Corp. increased its stake in shares of Ralph Lauren by 8.3% during the 3rd quarter. EFG Asset Management North America Corp. now owns 9,045 shares of the textile maker’s stock worth $2,838,000 after purchasing an additional 694 shares in the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Trading Down 0.4%

Shares of RL opened at $353.52 on Friday. The firm has a market capitalization of $21.44 billion, a P/E ratio of 26.13, a price-to-earnings-growth ratio of 1.58 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’s fifty day simple moving average is $362.41 and its 200 day simple moving average is $328.64. Ralph Lauren Corporation has a twelve month low of $176.61 and a twelve 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 earnings per share for the quarter, beating the consensus estimate of $3.45 by $0.34. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.88 billion. Ralph Lauren had a return on equity of 36.18% and a net margin of 11.28%.The company’s revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.54 EPS. On average, equities research analysts forecast that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

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 Analysts Forecast Growth

A number of equities research analysts have commented on RL shares. Guggenheim began coverage on Ralph Lauren in a report on Tuesday, December 9th. They set a “neutral” rating on the stock. Zacks Research cut Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 8th. Deutsche Bank Aktiengesellschaft set a $422.00 price target on shares of Ralph Lauren in a research note on Thursday, January 8th. Jefferies Financial Group assumed coverage on shares of Ralph Lauren in a research report on Wednesday, January 14th. They set a “buy” rating and a $425.00 target price on the stock. Finally, UBS Group increased their price target on Ralph Lauren from $473.00 to $474.00 and gave the stock a “buy” rating in a research note on Wednesday. Fifteen investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $375.35.

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.