Dana Investment Advisors Inc. Has $4.14 Million Holdings in Ralph Lauren Corporation $RL

Dana Investment Advisors Inc. decreased its position in shares of Ralph Lauren Corporation (NYSE:RL) by 15.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,206 shares of the textile maker’s stock after selling 2,427 shares during the period. Dana Investment Advisors Inc.’s holdings in Ralph Lauren were worth $4,141,000 at the end of the most recent quarter.

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% in the second quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock worth $26,000 after purchasing an additional 86 shares during the period. CYBER HORNET ETFs LLC bought a new stake in Ralph Lauren during the 2nd quarter valued at approximately $28,000. Rothschild Investment LLC grew its holdings in 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 buying an additional 38 shares during the last quarter. MUFG Securities EMEA plc bought a new position in Ralph Lauren in the 2nd quarter worth approximately $32,000. Finally, Geneos Wealth Management Inc. increased its position in Ralph Lauren by 57.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 143 shares of the textile maker’s stock worth $39,000 after buying an additional 52 shares during the period. 67.91% of the stock is currently owned by institutional investors.

Insider Activity at Ralph Lauren

In related news, CEO Patrice Louvet sold 47,000 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 38.34% of the stock is owned by company insiders.

Ralph Lauren Price Performance

NYSE:RL opened at $373.44 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.52 and a current ratio of 2.10. The company has a 50-day moving average of $362.05 and a 200-day moving average of $337.29. Ralph Lauren Corporation has a 52 week low of $176.61 and a 52 week high of $389.15. The company has a market capitalization of $22.61 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 1.42 and a beta of 1.49.

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

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 26th were given a dividend of $0.9125 per share. This represents a $3.65 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, December 26th. Ralph Lauren’s dividend payout ratio (DPR) is 24.85%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company raised their price objective on shares of Ralph Lauren from $385.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 16th. Jefferies Financial Group reduced their price target on shares of Ralph Lauren from $425.00 to $410.00 and set a “buy” rating for the company in a report on Friday, February 6th. Telsey Advisory Group restated an “outperform” rating and set a $435.00 price objective on shares of Ralph Lauren in a report on Thursday, February 5th. Citigroup upped their price objective on shares of Ralph Lauren from $333.00 to $360.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Ralph Lauren in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $388.19.

Ralph Lauren 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.