Ralph Lauren Corporation $RL Shares Bought by Corient Private Wealth LLC

Corient Private Wealth LLC raised its position in Ralph Lauren Corporation (NYSE:RL) by 39.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,063 shares of the textile maker’s stock after purchasing an additional 1,713 shares during the period. Corient Private Wealth LLC’s holdings in Ralph Lauren were worth $1,663,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Coldstream Capital Management Inc. grew its stake in shares of Ralph Lauren by 6.3% during the second quarter. Coldstream Capital Management Inc. now owns 806 shares of the textile maker’s stock worth $221,000 after purchasing an additional 48 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Ralph Lauren by 57.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 143 shares of the textile maker’s stock worth $39,000 after buying an additional 52 shares during the last quarter. Modera Wealth Management LLC boosted its position in shares of Ralph Lauren by 5.8% during the 2nd quarter. Modera Wealth Management LLC now owns 1,028 shares of the textile maker’s stock worth $282,000 after acquiring an additional 56 shares in the last quarter. Cary Street Partners Financial LLC increased its holdings in shares of Ralph Lauren by 2.7% in the 2nd quarter. Cary Street Partners Financial LLC now owns 2,355 shares of the textile maker’s stock valued at $646,000 after acquiring an additional 61 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its position in shares of Ralph Lauren by 69.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 151 shares of the textile maker’s stock worth $41,000 after acquiring an additional 62 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on RL. Barclays increased their price target on shares of Ralph Lauren from $352.00 to $358.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Wall Street Zen raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. UBS Group lifted their price target on shares of Ralph Lauren from $421.00 to $435.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Evercore ISI upped their price objective on shares of Ralph Lauren from $340.00 to $375.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. Finally, Jefferies Financial Group raised their price objective on Ralph Lauren from $385.00 to $425.00 and gave the stock a “buy” rating in a report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Ralph Lauren presently has an average rating of “Moderate Buy” and a consensus target price of $357.44.

Ralph Lauren Price Performance

Shares of NYSE:RL opened at $362.42 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.35 and a current ratio of 2.04. Ralph Lauren Corporation has a one year low of $176.61 and a one year high of $380.00. The company has a 50-day simple moving average of $343.89 and a 200-day simple moving average of $312.37. The stock has a market capitalization of $21.98 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 1.79 and a beta of 1.52.

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

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 26th will be issued a dividend of $0.9125 per share. The ex-dividend date of this dividend is Friday, December 26th. This represents a $3.65 annualized dividend and a dividend yield of 1.0%. Ralph Lauren’s dividend payout ratio (DPR) is currently 26.98%.

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.