Ralph Lauren Corporation $RL Shares Purchased by JW Asset Management LLC

JW Asset Management LLC raised its holdings in Ralph Lauren Corporation (NYSE:RL) by 400.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,000 shares of the textile maker’s stock after purchasing an additional 8,000 shares during the quarter. Ralph Lauren comprises approximately 1.5% of JW Asset Management LLC’s portfolio, making the stock its 9th largest holding. JW Asset Management LLC’s holdings in Ralph Lauren were worth $3,136,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Syon Capital LLC boosted its stake in shares of Ralph Lauren by 53.3% during the third quarter. Syon Capital LLC now owns 3,151 shares of the textile maker’s stock worth $988,000 after buying an additional 1,095 shares during the period. Maridea Wealth Management LLC purchased a new stake in Ralph Lauren during the 3rd quarter valued at approximately $227,000. Rothschild Investment LLC lifted its position in Ralph Lauren by 61.3% during the 3rd quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock worth $31,000 after acquiring an additional 38 shares during the period. Assetmark Inc. lifted its position in Ralph Lauren by 125.2% during the 3rd quarter. Assetmark Inc. now owns 527 shares of the textile maker’s stock worth $165,000 after acquiring an additional 293 shares during the period. Finally, Public Sector Pension Investment Board grew its stake in shares of Ralph Lauren by 541.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 52,343 shares of the textile maker’s stock valued at $16,413,000 after purchasing an additional 44,180 shares during the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Stock Up 2.1%

Shares of NYSE RL opened at $378.31 on Thursday. The stock has a market capitalization of $22.90 billion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 1.46 and a beta of 1.49. Ralph Lauren Corporation has a 52 week low of $176.61 and a 52 week high of $380.86. The firm has a 50-day moving average price of $361.65 and a 200 day moving average price of $334.78. The company has a quick ratio of 1.52, a current ratio of 2.10 and a debt-to-equity ratio of 0.50.

Ralph Lauren (NYSE:RL) last issued its 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. The company had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Ralph Lauren had a net margin of 11.73% and a return on equity of 37.97%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company posted $4.82 earnings per share. Equities research analysts anticipate that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were given a dividend of $0.9125 per share. This represents a $3.65 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, December 26th. Ralph Lauren’s payout ratio is presently 24.85%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on RL. Wells Fargo & Company increased their price target on Ralph Lauren from $385.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. Guggenheim began coverage on shares of Ralph Lauren in a research report on Tuesday, December 9th. They set a “neutral” rating for the company. Argus lifted their target price on shares of Ralph Lauren from $360.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, January 15th. BTIG Research increased their price target on shares of Ralph Lauren from $400.00 to $435.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $435.00 price objective on shares of Ralph Lauren in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $388.19.

Insiders Place Their Bets

In other news, CEO Patrice Louvet sold 47,000 shares of Ralph Lauren 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 completion of the transaction, the chief executive officer owned 85,552 shares of the company’s stock, valued at $30,304,229.44. The trade was a 35.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 38.34% of the company’s stock.

Ralph Lauren 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.