Ralph Lauren Corporation $RL Shares Acquired by Cresset Asset Management LLC

Cresset Asset Management LLC boosted its position in Ralph Lauren Corporation (NYSE:RL) by 84.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,632 shares of the textile maker’s stock after purchasing an additional 2,122 shares during the quarter. Cresset Asset Management LLC’s holdings in Ralph Lauren were worth $1,457,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RL. Rothschild Investment LLC grew its position in Ralph Lauren by 61.3% in the 3rd quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock worth $31,000 after purchasing an additional 38 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Ralph Lauren during the second quarter valued at approximately $28,000. MAI Capital Management raised its holdings in shares of Ralph Lauren by 248.4% during the third quarter. MAI Capital Management now owns 108 shares of the textile maker’s stock valued at $34,000 after buying an additional 77 shares during the last quarter. MUFG Securities EMEA plc bought a new stake in shares of Ralph Lauren during the second quarter valued at approximately $32,000. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Ralph Lauren by 57.1% during the second 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 during the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ralph Lauren news, CEO Patrice Louvet sold 47,000 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $354.22, for a total value of $16,648,340.00. Following the completion of the sale, the chief executive officer directly owned 85,552 shares of the company’s stock, valued at approximately $30,304,229.44. This represents a 35.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 38.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on RL shares. Wells Fargo & Company increased their price objective on Ralph Lauren from $385.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. Guggenheim started coverage on Ralph Lauren in a research note on Tuesday, December 9th. They set a “neutral” rating on the stock. Weiss Ratings upgraded Ralph Lauren from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Tuesday, March 3rd. Argus increased their price target on Ralph Lauren from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Finally, BTIG Research raised their price target on Ralph Lauren from $400.00 to $435.00 and gave the company a “buy” rating in a report on Friday, February 6th. Two equities research 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 company. Based on data from MarketBeat.com, Ralph Lauren currently has a consensus rating of “Moderate Buy” and a consensus target price of $389.06.

Ralph Lauren Stock Performance

Shares of NYSE RL opened at $338.90 on Monday. Ralph Lauren Corporation has a 1 year low of $176.61 and a 1 year high of $389.15. The firm has a market cap of $20.52 billion, a P/E ratio of 23.07, a PEG ratio of 1.32 and a beta of 1.47. The stock has a fifty day moving average price of $361.53 and a two-hundred day moving average price of $341.18. 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 posted its quarterly earnings data on Thursday, February 5th. The textile maker reported $6.22 EPS for the quarter, topping analysts’ consensus estimates of $5.80 by $0.42. Ralph Lauren had a return on equity of 37.97% and a net margin of 11.73%.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 previous year, the business earned $4.82 EPS. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. Research analysts forecast that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

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

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.