Signal Advisors Wealth LLC Invests $309,000 in Ralph Lauren Corporation $RL

Signal Advisors Wealth LLC bought a new position in shares of Ralph Lauren Corporation (NYSE:RL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,126 shares of the textile maker’s stock, valued at approximately $309,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Sivia Capital Partners LLC acquired a new position in Ralph Lauren in the second quarter valued at about $386,000. Aaron Wealth Advisors LLC lifted its stake in Ralph Lauren by 36.0% in the second quarter. Aaron Wealth Advisors LLC now owns 1,545 shares of the textile maker’s stock valued at $424,000 after buying an additional 409 shares during the period. Westmount Partners LLC acquired a new position in Ralph Lauren in the second quarter valued at approximately $220,000. Czech National Bank lifted its stake in Ralph Lauren by 6.4% in the second quarter. Czech National Bank now owns 9,748 shares of the textile maker’s stock valued at $2,674,000 after buying an additional 588 shares during the period. Finally, Kera Capital Partners Inc. raised its position in shares of Ralph Lauren by 44.3% during the second quarter. Kera Capital Partners Inc. now owns 1,631 shares of the textile maker’s stock worth $447,000 after purchasing an additional 501 shares during the period. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Price Performance

Shares of Ralph Lauren stock opened at $311.98 on Friday. The stock’s 50-day simple moving average is $298.68 and its 200-day simple moving average is $263.90. Ralph Lauren Corporation has a 52 week low of $176.61 and a 52 week high of $321.77. The company has a market capitalization of $18.90 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 1.58 and a beta of 1.60. The company has a quick ratio of 1.30, a current ratio of 1.84 and a debt-to-equity ratio of 0.58.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, August 7th. The textile maker reported $3.77 EPS for the quarter, topping analysts’ consensus estimates of $3.50 by $0.27. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.65 billion. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.70 earnings per share. As a group, analysts expect that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be given a $0.9125 dividend. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, September 26th. Ralph Lauren’s payout ratio is currently 29.15%.

Wall Street Analysts Forecast Growth

RL has been the topic of a number of research reports. Needham & Company LLC upped their target price on Ralph Lauren from $335.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Cfra Research upgraded Ralph Lauren from a “moderate sell” rating to a “hold” rating in a research note on Monday, August 11th. Zacks Research upgraded Ralph Lauren to a “strong-buy” rating in a research note on Tuesday, August 12th. Jefferies Financial Group increased their price target on Ralph Lauren from $325.00 to $365.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Evercore ISI increased their price objective on Ralph Lauren from $320.00 to $335.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Ralph Lauren has a consensus rating of “Moderate Buy” and a consensus target price of $311.41.

Ralph Lauren Profile

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men’s, women’s, and children’s clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.