TD Private Client Wealth LLC Acquires 157 Shares of Ralph Lauren Corporation $RL

TD Private Client Wealth LLC grew its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 29.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 694 shares of the textile maker’s stock after buying an additional 157 shares during the period. TD Private Client Wealth LLC’s holdings in Ralph Lauren were worth $190,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its position in Ralph Lauren by 93.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 122 shares of the textile maker’s stock worth $27,000 after buying an additional 59 shares during the last quarter. Sentry Investment Management LLC increased its holdings in Ralph Lauren by 178.0% in the 1st quarter. Sentry Investment Management LLC now owns 139 shares of the textile maker’s stock worth $31,000 after acquiring an additional 89 shares in the last quarter. Banque Transatlantique SA purchased a new stake in Ralph Lauren during the 1st quarter valued at approximately $33,000. Brooklyn Investment Group grew its holdings in Ralph Lauren by 180.3% during the 1st quarter. Brooklyn Investment Group now owns 171 shares of the textile maker’s stock valued at $38,000 after buying an additional 110 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Ralph Lauren during the 1st quarter valued at approximately $39,000. Institutional investors own 67.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on RL shares. Cfra Research upgraded Ralph Lauren from a “moderate sell” rating to a “hold” rating in a research report on Monday, August 11th. UBS Group lifted their price objective on Ralph Lauren from $385.00 to $404.00 and gave the company a “buy” rating in a report on Friday, August 8th. Evercore ISI lifted their target price on Ralph Lauren from $320.00 to $335.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Telsey Advisory Group lifted their target price on Ralph Lauren from $335.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. Finally, Zacks Research upgraded Ralph Lauren to a “strong-buy” rating in a research note on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Ralph Lauren has an average rating of “Moderate Buy” and a consensus target price of $312.82.

Ralph Lauren Trading Up 3.0%

Ralph Lauren stock opened at $312.04 on Monday. The company has a current ratio of 1.84, a quick ratio of 1.30 and a debt-to-equity ratio of 0.58. Ralph Lauren Corporation has a 12 month low of $176.61 and a 12 month high of $321.77. The stock’s 50 day simple moving average is $300.85 and its two-hundred day simple moving average is $267.10. The firm has a market cap of $18.90 billion, a PE ratio of 24.92, a P/E/G ratio of 1.58 and a beta of 1.60.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, August 7th. The textile maker reported $3.77 EPS for the quarter, topping the consensus estimate of $3.50 by $0.27. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the firm posted $2.70 EPS. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. Analysts anticipate that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be paid a dividend of $0.9125 per share. This represents a $3.65 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, September 26th. Ralph Lauren’s dividend payout ratio is presently 29.15%.

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.