Ralph Lauren Corporation $RL Shares Acquired by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft increased its stake in Ralph Lauren Corporation (NYSE:RL) by 99.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,777 shares of the textile maker’s stock after acquiring an additional 1,880 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Ralph Lauren were worth $1,180,000 at the end of the most recent reporting period.

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

Insider Activity

In other Ralph Lauren news, CEO Patrice Louvet sold 47,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 85,552 shares in the company, valued at $30,304,229.44. This trade represents a 35.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 38.34% of the company’s stock.

Ralph Lauren Stock Up 0.9%

Shares of RL stock opened at $359.34 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.52 and a current ratio of 2.10. The business’s fifty day moving average is $360.55 and its 200-day moving average is $332.32. Ralph Lauren Corporation has a 1 year low of $176.61 and a 1 year high of $380.00. The stock has a market cap of $21.79 billion, a PE ratio of 24.46, a price-to-earnings-growth ratio of 1.40 and a beta of 1.49.

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

Ralph Lauren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 26th were paid a $0.9125 dividend. This represents a $3.65 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, December 26th. Ralph Lauren’s payout ratio is presently 24.85%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on RL shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Ralph Lauren in a research note on Thursday, January 22nd. BTIG Research raised their price objective on shares of Ralph Lauren from $400.00 to $435.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Jefferies Financial Group lowered their target price on Ralph Lauren from $425.00 to $410.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Citigroup lifted their price objective on Ralph Lauren from $333.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Finally, Wells Fargo & Company raised their target price on shares of Ralph Lauren from $385.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Ralph Lauren has an average rating of “Moderate Buy” and a consensus price target of $390.06.

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.