Ralph Lauren Corporation $RL Stock Position Lifted by Corient Private Wealth LLC

Corient Private Wealth LLC grew its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 63.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,512 shares of the textile maker’s stock after purchasing an additional 4,865 shares during the period. Corient Private Wealth LLC’s holdings in Ralph Lauren were worth $4,427,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of RL. Hsbc Holdings PLC raised its position in Ralph Lauren by 11.0% in the fourth quarter. Hsbc Holdings PLC now owns 73,457 shares of the textile maker’s stock worth $26,136,000 after acquiring an additional 7,296 shares in the last quarter. SHP Wealth Management bought a new stake in Ralph Lauren during the fourth quarter worth approximately $54,000. Reflection Asset Management acquired a new position in Ralph Lauren in the fourth quarter worth approximately $1,013,000. DGS Capital Management LLC bought a new position in shares of Ralph Lauren in the fourth quarter valued at $205,000. Finally, SG Trading Solutions LLC bought a new position in shares of Ralph Lauren in the fourth quarter valued at $962,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Stock Up 0.4%

NYSE RL opened at $411.69 on Friday. Ralph Lauren Corporation has a twelve month low of $266.20 and a twelve month high of $421.60. The stock has a market cap of $24.50 billion, a PE ratio of 27.25, a PEG ratio of 2.04 and a beta of 1.35. The firm has a 50-day simple moving average of $373.85 and a 200 day simple moving average of $363.68. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.57 and a current ratio of 2.13.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.28. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.85 billion. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.27 earnings per share. On average, research analysts forecast that Ralph Lauren Corporation will post 18.33 EPS for the current year.

Ralph Lauren Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $400.00 price objective on shares of Ralph Lauren in a research report on Thursday, May 21st. Weiss Ratings cut Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 15th. Bank of America boosted their target price on Ralph Lauren from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Citigroup upgraded Ralph Lauren from a “neutral” rating to a “buy” rating and increased their price target for the company from $360.00 to $400.00 in a research report on Tuesday, March 24th. Finally, Zacks Research cut Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Fifteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Ralph Lauren has an average rating of “Moderate Buy” and an average target price of $430.07.

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.