Johnson Investment Counsel Inc. Lowers Stock Holdings in Ralph Lauren Corporation $RL

Johnson Investment Counsel Inc. lowered its holdings in Ralph Lauren Corporation (NYSE:RLFree Report) by 2.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,277 shares of the textile maker’s stock after selling 198 shares during the period. Johnson Investment Counsel Inc.’s holdings in Ralph Lauren were worth $2,544,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. OMNI 360 Wealth Inc. purchased a new stake in shares of Ralph Lauren in the first quarter valued at $248,000. Crossmark Global Holdings Inc. grew its position in shares of Ralph Lauren by 13.5% in the first quarter. Crossmark Global Holdings Inc. now owns 22,590 shares of the textile maker’s stock valued at $4,987,000 after purchasing an additional 2,684 shares during the period. Truist Financial Corp boosted its holdings in Ralph Lauren by 7.8% in the first quarter. Truist Financial Corp now owns 300,837 shares of the textile maker’s stock valued at $66,407,000 after acquiring an additional 21,681 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Ralph Lauren by 31.5% in the first quarter. BNP Paribas Financial Markets now owns 171,141 shares of the textile maker’s stock valued at $37,778,000 after acquiring an additional 40,977 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Ralph Lauren by 8.1% in the first quarter. Envestnet Asset Management Inc. now owns 237,479 shares of the textile maker’s stock valued at $52,421,000 after acquiring an additional 17,732 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Trading Up 2.5%

Shares of RL opened at $317.03 on Tuesday. The stock’s 50-day moving average is $305.66 and its two-hundred day moving average is $274.36. The stock has a market cap of $19.20 billion, a PE ratio of 25.32, a P/E/G ratio of 1.56 and a beta of 1.61. Ralph Lauren Corporation has a 12 month low of $176.61 and a 12 month high of $330.11. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.84 and a quick ratio of 1.30.

Ralph Lauren (NYSE:RLGet Free Report) last issued its quarterly earnings data on Thursday, August 7th. The textile maker reported $3.77 EPS for the quarter, topping analysts’ consensus estimates of $3.50 by $0.27. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.The firm’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.70 earnings per share. Equities analysts forecast that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were paid a $0.9125 dividend. The ex-dividend date was Friday, September 26th. This represents a $3.65 annualized dividend and a dividend yield of 1.2%. Ralph Lauren’s payout ratio is 29.15%.

Analyst Ratings Changes

RL has been the topic of a number of research analyst reports. Needham & Company LLC lifted their target price on Ralph Lauren from $335.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 12th. Wall Street Zen upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. TD Cowen lifted their target price on Ralph Lauren from $354.00 to $399.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Telsey Advisory Group lifted their target price on Ralph Lauren from $335.00 to $350.00 and gave the company an “outperform” rating in a report on Wednesday, September 17th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Ralph Lauren in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Ralph Lauren presently has a consensus rating of “Moderate Buy” and a consensus price target of $320.53.

Get Our Latest Research Report on RL

About Ralph Lauren

(Free Report)

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men’s, women’s, and children’s clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.

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Institutional Ownership by Quarter for Ralph Lauren (NYSE:RL)

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