Baader Bank Aktiengesellschaft Has $1.18 Million Stock Holdings in Ralph Lauren Corporation $RL

Baader Bank Aktiengesellschaft grew its position in Ralph Lauren Corporation (NYSE:RL) by 99.1% during the third quarter, HoldingsChannel reports. The firm owned 3,777 shares of the textile maker’s stock after buying an additional 1,880 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Ralph Lauren were worth $1,180,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the company. Wedmont Private Capital raised its holdings in Ralph Lauren by 3.1% in the 3rd quarter. Wedmont Private Capital now owns 1,114 shares of the textile maker’s stock worth $362,000 after acquiring an additional 34 shares during the period. Johnson Investment Counsel Inc. grew its position in shares of Ralph Lauren by 0.4% in the third quarter. Johnson Investment Counsel Inc. now owns 9,311 shares of the textile maker’s stock valued at $2,920,000 after purchasing an additional 34 shares during the last quarter. TD Private Client Wealth LLC increased its stake in shares of Ralph Lauren by 5.6% in the third quarter. TD Private Client Wealth LLC now owns 733 shares of the textile maker’s stock worth $230,000 after purchasing an additional 39 shares during the period. Bank of New Hampshire lifted its position in shares of Ralph Lauren by 0.4% during the 3rd quarter. Bank of New Hampshire now owns 9,483 shares of the textile maker’s stock worth $2,973,000 after purchasing an additional 41 shares during the last quarter. Finally, Optas LLC lifted its position in shares of Ralph Lauren by 5.4% during the 3rd quarter. Optas LLC now owns 813 shares of the textile maker’s stock worth $255,000 after purchasing an additional 42 shares during the last quarter. 67.91% of the stock is owned by institutional investors.

Insider Activity at Ralph Lauren

In related news, CEO Patrice Louvet sold 47,000 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $354.22, for a total transaction of $16,648,340.00. Following the sale, the chief executive officer directly owned 85,552 shares in the company, valued at $30,304,229.44. This represents a 35.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 38.34% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Argus raised their target price 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 objective on Ralph Lauren from $333.00 to $360.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Evercore set a $420.00 price objective on shares of Ralph Lauren in a research note on Friday, February 6th. Zacks Research upgraded shares of Ralph Lauren from a “hold” rating to a “strong-buy” rating in a research note on Monday. Finally, Evercore ISI set a $420.00 price target on shares of Ralph Lauren and gave the company an “outperform” rating in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $390.06.

Ralph Lauren Stock Performance

Shares of NYSE:RL opened at $359.34 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.10 and a quick ratio of 1.52. The business’s fifty day moving average price is $360.55 and its two-hundred day moving average price is $332.32. Ralph Lauren Corporation has a fifty-two week low of $176.61 and a fifty-two week high of $380.00. The stock has a market capitalization of $21.79 billion, a price-to-earnings ratio of 24.46, a price-to-earnings-growth ratio of 1.40 and a beta of 1.49.

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

Ralph Lauren Announces Dividend

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

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.