2,521 Shares in Ralph Lauren Corporation $RL Acquired by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. purchased a new stake in shares of Ralph Lauren Corporation (NYSE:RL) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,521 shares of the textile maker’s stock, valued at approximately $790,000.

Several other institutional investors also recently bought and sold shares of the business. Hantz Financial Services Inc. boosted its position in 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 purchasing an additional 86 shares during the period. CYBER HORNET ETFs LLC purchased a new position in Ralph Lauren in the second quarter valued at about $28,000. MUFG Securities EMEA plc acquired a new position in shares of Ralph Lauren during the second quarter worth about $32,000. Geneos Wealth Management Inc. boosted its position in shares of Ralph Lauren by 57.1% in the second 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 period. Finally, First Horizon Advisors Inc. grew its stake in shares of Ralph Lauren by 69.7% in the second 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 in the last quarter. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RL. Jefferies Financial Group started coverage on Ralph Lauren in a report on Wednesday, January 14th. They issued a “buy” rating and a $425.00 price target for the company. Weiss Ratings restated a “buy (b)” rating on shares of Ralph Lauren in a research note on Thursday, January 22nd. UBS Group lifted their price target on shares of Ralph Lauren from $473.00 to $474.00 and gave the stock a “buy” rating in a research note on Wednesday. Telsey Advisory Group reiterated an “outperform” rating and issued a $435.00 price objective on shares of Ralph Lauren in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft set a $422.00 target price on Ralph Lauren in a research note on Thursday, January 8th. Fifteen analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $375.35.

Ralph Lauren Stock Performance

RL stock opened at $353.52 on Friday. The stock’s 50 day simple moving average is $362.41 and its 200 day simple moving average is $328.94. Ralph Lauren Corporation has a 12-month low of $176.61 and a 12-month high of $380.00. The firm has a market cap 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 current ratio of 2.04, a quick ratio of 1.35 and a debt-to-equity ratio of 0.57.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, November 6th. The textile maker reported $3.79 earnings per share for the quarter, beating 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 firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the firm earned $2.54 earnings per share. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. As a group, equities research analysts predict that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were issued a $0.9125 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a $3.65 dividend on an annualized basis and a yield of 1.0%. Ralph Lauren’s dividend payout ratio (DPR) is currently 26.98%.

About Ralph Lauren

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.