Brookstone Capital Management Invests $604,000 in Ralph Lauren Corporation $RL

Brookstone Capital Management purchased a new stake in shares of Ralph Lauren Corporation (NYSE:RL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,925 shares of the textile maker’s stock, valued at approximately $604,000.

Other institutional investors have also recently bought and sold shares of the company. Wedmont Private Capital increased its holdings in shares of Ralph Lauren by 3.1% in the 3rd quarter. Wedmont Private Capital now owns 1,114 shares of the textile maker’s stock valued at $362,000 after purchasing an additional 34 shares during the period. Bank of New Hampshire grew its position in Ralph Lauren by 0.4% during the third quarter. Bank of New Hampshire now owns 9,483 shares of the textile maker’s stock valued at $2,973,000 after purchasing an additional 41 shares in the last quarter. Optas LLC increased its stake in Ralph Lauren by 5.4% in the 3rd quarter. Optas LLC now owns 813 shares of the textile maker’s stock valued at $255,000 after buying an additional 42 shares during the period. Coldstream Capital Management Inc. lifted its position in Ralph Lauren by 6.3% in the 2nd quarter. Coldstream Capital Management Inc. now owns 806 shares of the textile maker’s stock worth $221,000 after buying an additional 48 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in Ralph Lauren by 57.1% in 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 in the last quarter. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Evercore ISI boosted their price target on shares of Ralph Lauren from $340.00 to $375.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. UBS Group boosted their target price on Ralph Lauren from $421.00 to $435.00 and gave the company a “buy” rating in a research note on Friday, November 7th. TD Cowen raised their price target on Ralph Lauren from $354.00 to $399.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. Guggenheim initiated coverage on Ralph Lauren in a report on Tuesday, December 9th. They set a “neutral” rating for the company. Finally, Wall Street Zen upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $364.60.

Ralph Lauren Trading Up 0.5%

Shares of RL stock opened at $358.77 on Wednesday. Ralph Lauren Corporation has a 12 month low of $176.61 and a 12 month high of $380.00. The company has a market cap of $21.76 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 1.74 and a beta of 1.52. The company has a quick ratio of 1.35, a current ratio of 2.04 and a debt-to-equity ratio of 0.57. The business’s 50 day moving average is $347.11 and its two-hundred day moving average is $315.65.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, November 6th. The textile maker reported $3.79 earnings per share (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 during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the firm earned $2.54 EPS. Ralph Lauren’s quarterly revenue was up 16.5% compared to the same quarter last year. Equities analysts predict that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren Announces Dividend

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