Thrivent Financial for Lutherans Increases Holdings in Ralph Lauren Corporation $RL

Thrivent Financial for Lutherans boosted its stake in Ralph Lauren Corporation (NYSE:RL) by 118.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,551 shares of the textile maker’s stock after purchasing an additional 7,899 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Ralph Lauren were worth $3,991,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of Ralph Lauren by 13.2% during the second quarter. JPMorgan Chase & Co. now owns 1,007,745 shares of the textile maker’s stock valued at $276,407,000 after buying an additional 117,494 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Ralph Lauren by 31.5% during the 1st quarter. BNP Paribas Financial Markets now owns 171,141 shares of the textile maker’s stock valued at $37,778,000 after acquiring an additional 40,977 shares during the period. Signal Advisors Wealth LLC bought a new position in Ralph Lauren during the 2nd quarter worth approximately $309,000. Wealthfront Advisers LLC bought a new position in Ralph Lauren during the 2nd quarter worth approximately $286,000. Finally, Entropy Technologies LP purchased a new position in Ralph Lauren in the 2nd quarter worth approximately $3,902,000. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Stock Down 2.0%

NYSE:RL opened at $362.54 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.04 and a quick ratio of 1.35. The firm’s 50-day moving average price is $341.99 and its 200-day moving average price is $310.87. The company has a market capitalization of $21.98 billion, a PE ratio of 26.79, a P/E/G ratio of 1.76 and a beta of 1.52. Ralph Lauren Corporation has a 1-year low of $176.61 and a 1-year high of $380.00.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, November 6th. The textile maker reported $3.79 EPS for the quarter, topping the consensus estimate of $3.45 by $0.34. Ralph Lauren had a net margin of 11.28% and a return on equity of 36.18%. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the firm posted $2.54 earnings per share. Ralph Lauren’s quarterly revenue was up 16.5% on a year-over-year basis. On average, equities analysts predict that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 26th will be paid a dividend of $0.9125 per share. The ex-dividend date is Friday, December 26th. This represents a $3.65 dividend on an annualized basis and a yield of 1.0%. Ralph Lauren’s payout ratio is presently 26.98%.

Analyst Ratings Changes

RL has been the subject of a number of analyst reports. Zacks Research lowered Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 8th. Wall Street Zen raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Barclays raised their price target on shares of Ralph Lauren from $352.00 to $358.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Telsey Advisory Group reiterated an “outperform” rating and set a $435.00 target price on shares of Ralph Lauren in a report on Wednesday. Finally, TD Cowen boosted their price target on Ralph Lauren from $354.00 to $399.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $357.44.

Ralph Lauren Company 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.