Private Advisor Group LLC Makes New $1.20 Million Investment in Ralph Lauren Corporation $RL

Private Advisor Group LLC acquired a new stake in Ralph Lauren Corporation (NYSE:RL) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,488 shares of the textile maker’s stock, valued at approximately $1,200,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RL. Blueline Advisors LLC bought a new stake in Ralph Lauren in the fourth quarter valued at about $27,000. Aventura Private Wealth LLC acquired a new stake in Ralph Lauren during the fourth quarter valued at approximately $29,000. JPL Wealth Management LLC bought a new stake in shares of Ralph Lauren in the 3rd quarter valued at approximately $27,000. Flagship Harbor Advisors LLC bought a new stake in shares of Ralph Lauren in the 4th quarter valued at approximately $35,000. Finally, Elevated Capital Advisors LLC acquired a new position in shares of Ralph Lauren in the 4th quarter worth approximately $35,000. 67.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on RL shares. BTIG Research restated a “buy” rating and set a $450.00 target price on shares of Ralph Lauren in a research report on Friday, May 22nd. Zacks Research downgraded shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Citigroup raised shares of Ralph Lauren from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $360.00 to $400.00 in a research note on Tuesday, March 24th. Wall Street Zen upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Finally, UBS Group upped their target price on shares of Ralph Lauren from $480.00 to $511.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $430.07.

Ralph Lauren Trading Up 0.1%

RL opened at $395.36 on Monday. Ralph Lauren Corporation has a twelve month low of $273.04 and a twelve month high of $421.60. The company has a fifty day moving average of $377.88 and a 200-day moving average of $365.78. The stock has a market cap of $23.53 billion, a PE ratio of 26.17, a price-to-earnings-growth ratio of 1.96 and a beta of 1.34. The company has a quick ratio of 1.57, a current ratio of 2.13 and a debt-to-equity ratio of 0.51.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, May 21st. The textile maker reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.28. The company had revenue of $1.98 billion during 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 firm’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.27 EPS. On average, sell-side analysts predict 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 was paid on Friday, July 10th. Investors of record on Friday, June 26th were issued a $1.00 dividend. The ex-dividend date of this dividend was Friday, June 26th. This represents a $4.00 dividend on an annualized basis and a yield of 1.0%. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.91. Ralph Lauren’s payout ratio is presently 26.47%.

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.