Aaron Wealth Advisors LLC Decreases Holdings in Ralph Lauren Corporation $RL

Aaron Wealth Advisors LLC decreased its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 26.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,122 shares of the textile maker’s stock after selling 1,452 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Ralph Lauren were worth $1,418,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Louisiana State Employees Retirement System purchased a new stake in Ralph Lauren in the first quarter valued at $688,000. Parkway Wealth Management Group LLC grew its stake in Ralph Lauren by 5.5% during the 1st quarter. Parkway Wealth Management Group LLC now owns 9,122 shares of the textile maker’s stock worth $3,138,000 after buying an additional 478 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in shares of Ralph Lauren by 10.9% during the first quarter. Fifth Third Wealth Advisors LLC now owns 846 shares of the textile maker’s stock worth $291,000 after acquiring an additional 83 shares during the last quarter. OP Asset Management Ltd acquired a new position in shares of Ralph Lauren in the 1st quarter valued at $707,000. Finally, Leeward Investments LLC MA acquired a new position in Ralph Lauren in the first quarter valued at $7,337,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Analysts Set New Price Targets

RL has been the topic of a number of recent research reports. Weiss Ratings lowered Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 15th. Bank of America increased their price target on shares of Ralph Lauren from $400.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Barclays boosted their price objective on shares of Ralph Lauren from $430.00 to $439.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. Wells Fargo & Company upped their target price on shares of Ralph Lauren from $400.00 to $415.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Finally, Wall Street Zen downgraded shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Fifteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $430.07.

Ralph Lauren Trading Up 0.4%

Shares of RL stock opened at $411.69 on Friday. The firm has a market cap of $24.50 billion, a P/E ratio of 27.25, a PEG ratio of 2.04 and a beta of 1.35. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.13 and a quick ratio of 1.57. The firm’s 50-day simple moving average is $373.85 and its 200-day simple moving average is $363.68. Ralph Lauren Corporation has a 1-year low of $266.20 and a 1-year high of $421.60.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.28. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the business earned $2.27 EPS. The business’s revenue was up 16.6% on a year-over-year basis. As a group, equities analysts forecast that Ralph Lauren Corporation will post 18.33 EPS for the current year.

Ralph Lauren Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be given a $1.00 dividend. The ex-dividend date is Friday, June 26th. This represents a $4.00 annualized dividend and a yield of 1.0%. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.91. Ralph Lauren’s payout ratio is 24.16%.

About Ralph Lauren

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.