CreativeOne Wealth LLC Takes Position in Ralph Lauren Corporation $RL

CreativeOne Wealth LLC purchased a new stake in shares of Ralph Lauren Corporation (NYSE:RL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 3,920 shares of the textile maker’s stock, valued at approximately $1,229,000.

Several other institutional investors and hedge funds have also recently modified their holdings of RL. HUB Investment Partners LLC purchased a new position in shares of Ralph Lauren in the 3rd quarter valued at approximately $357,000. Trustmark Bank Trust Department lifted its position in Ralph Lauren by 2.8% during the third quarter. Trustmark Bank Trust Department now owns 22,168 shares of the textile maker’s stock valued at $6,951,000 after purchasing an additional 595 shares during the period. Cresset Asset Management LLC increased its position in Ralph Lauren by 84.5% during the third quarter. Cresset Asset Management LLC now owns 4,632 shares of the textile maker’s stock valued at $1,457,000 after acquiring an additional 2,122 shares during the last quarter. CI Investments Inc. increased its position in shares of Ralph Lauren by 3.9% during the 3rd quarter. CI Investments Inc. now owns 2,734 shares of the textile maker’s stock valued at $858,000 after purchasing an additional 103 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC increased its holdings in Ralph Lauren by 35.8% during the third quarter. Focus Partners Advisor Solutions LLC now owns 6,060 shares of the textile maker’s stock valued at $2,004,000 after buying an additional 1,599 shares during the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Trading Up 0.6%

RL stock opened at $346.23 on Wednesday. The firm has a fifty day moving average price of $361.04 and a 200 day moving average price of $342.02. Ralph Lauren Corporation has a fifty-two week low of $176.61 and a fifty-two week high of $389.15. The firm has a market cap of $20.96 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 1.34 and a beta of 1.47. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.52 and a current ratio of 2.10.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, February 5th. The textile maker reported $6.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.80 by $0.42. Ralph Lauren had a net margin of 11.73% and a return on equity of 37.97%. The company had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the prior year, the firm earned $4.82 earnings per share. Ralph Lauren’s revenue was up 12.2% on a year-over-year basis. Sell-side analysts anticipate that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were issued a $0.9125 dividend. The ex-dividend date was Friday, December 26th. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.1%. Ralph Lauren’s payout ratio is 24.85%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft set a $422.00 price objective on Ralph Lauren in a research report on Thursday, January 8th. Citigroup lifted their target price on Ralph Lauren from $333.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Evercore set a $420.00 price target on Ralph Lauren and gave the stock an “outperform” rating in a report on Friday, February 6th. Zacks Research raised shares of Ralph Lauren from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. Finally, Barclays lifted their price objective on shares of Ralph Lauren from $416.00 to $430.00 and gave the company an “overweight” rating in a research report on Friday, March 6th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Ralph Lauren currently has a consensus rating of “Moderate Buy” and an average price target of $389.06.

Insider Buying and Selling at Ralph Lauren

In related news, CEO Patrice Louvet sold 47,000 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $354.22, for a total transaction of $16,648,340.00. Following the sale, the chief executive officer owned 85,552 shares in the company, valued at approximately $30,304,229.44. This represents a 35.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 38.34% of the company’s stock.

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.