Winnow Wealth LLC Takes Position in Ralph Lauren Corporation $RL

Winnow Wealth LLC bought a new stake in Ralph Lauren Corporation (NYSE:RL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,864 shares of the textile maker’s stock, valued at approximately $899,000.

A number of other institutional investors also recently bought and sold shares of the business. Hantz Financial Services Inc. raised its position in shares of Ralph Lauren by 1,228.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock worth $26,000 after acquiring an additional 86 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in Ralph Lauren during the second quarter worth approximately $28,000. MUFG Securities EMEA plc purchased a new stake in shares of Ralph Lauren during the 2nd quarter worth approximately $32,000. Geneos Wealth Management Inc. boosted its holdings in shares of Ralph Lauren by 57.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 143 shares of the textile maker’s stock valued at $39,000 after buying an additional 52 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its position in shares of Ralph Lauren by 69.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 151 shares of the textile maker’s stock valued at $41,000 after buying an additional 62 shares during the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Trading Down 0.4%

NYSE RL opened at $353.52 on Friday. Ralph Lauren Corporation has a 52-week low of $176.61 and a 52-week high of $380.00. The firm has a 50-day moving average price of $362.41 and a 200 day moving average price of $328.64. The stock has a market capitalization of $21.44 billion, a P/E ratio of 26.13, a P/E/G ratio of 1.58 and a beta of 1.49. The company has a quick ratio of 1.35, a current ratio of 2.04 and a debt-to-equity ratio of 0.57.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, November 6th. The textile maker reported $3.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.45 by $0.34. Ralph Lauren had a return on equity of 36.18% and a net margin of 11.28%.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 business posted $2.54 EPS. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. Equities research analysts expect 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 was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were issued a $0.9125 dividend. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, December 26th. Ralph Lauren’s dividend payout ratio (DPR) is currently 26.98%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RL. BTIG Research began coverage on shares of Ralph Lauren in a research report on Tuesday, October 14th. They issued a “buy” rating and a $400.00 price target for the company. Argus upped their target price on Ralph Lauren from $360.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $435.00 price target on shares of Ralph Lauren in a research report on Friday. Wells Fargo & Company increased their price objective on Ralph Lauren from $385.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. Finally, Zacks Research downgraded shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 8th. Fifteen equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $375.35.

Ralph Lauren 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.