IFP Advisors Inc Raises Holdings in Ralph Lauren Corporation $RL

IFP Advisors Inc boosted its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 25.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 736 shares of the textile maker’s stock after buying an additional 149 shares during the quarter. IFP Advisors Inc’s holdings in Ralph Lauren were worth $202,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Invesco Ltd. increased its holdings in Ralph Lauren by 22.3% during the first quarter. Invesco Ltd. now owns 1,512,903 shares of the textile maker’s stock valued at $333,958,000 after buying an additional 275,391 shares during the period. AQR Capital Management LLC grew its holdings in Ralph Lauren by 55.7% in the first quarter. AQR Capital Management LLC now owns 1,157,867 shares of the textile maker’s stock worth $245,468,000 after purchasing an additional 414,275 shares during the last quarter. Jennison Associates LLC grew its holdings in Ralph Lauren by 16.5% in the first quarter. Jennison Associates LLC now owns 565,687 shares of the textile maker’s stock worth $124,870,000 after purchasing an additional 79,934 shares during the last quarter. Truist Financial Corp lifted its stake in shares of Ralph Lauren by 7.0% during the second quarter. Truist Financial Corp now owns 322,020 shares of the textile maker’s stock worth $88,324,000 after buying an additional 21,183 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Ralph Lauren by 8.1% during the first quarter. Envestnet Asset Management Inc. now owns 237,479 shares of the textile maker’s stock worth $52,421,000 after buying an additional 17,732 shares during the period. 67.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RL has been the subject of several research reports. Evercore ISI lifted their price objective on shares of Ralph Lauren from $320.00 to $335.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. UBS Group boosted their target price on shares of Ralph Lauren from $385.00 to $404.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Telsey Advisory Group boosted their target price on shares of Ralph Lauren from $335.00 to $350.00 and gave the company an “outperform” rating in a research report on Wednesday, September 17th. Wall Street Zen upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Finally, Wells Fargo & Company boosted their target price on shares of Ralph Lauren from $320.00 to $345.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $333.94.

Ralph Lauren Trading Up 1.5%

Shares of Ralph Lauren stock opened at $327.94 on Friday. The firm has a 50-day simple moving average of $307.91 and a two-hundred day simple moving average of $276.35. The company has a market cap of $19.86 billion, a P/E ratio of 26.19, a price-to-earnings-growth ratio of 1.61 and a beta of 1.61. Ralph Lauren Corporation has a fifty-two week low of $176.61 and a fifty-two week high of $330.11. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.30 and a current ratio of 1.84.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, August 7th. The textile maker reported $3.77 earnings per share for the quarter, topping analysts’ consensus estimates of $3.50 by $0.27. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.65 billion. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The company’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.70 earnings per share. As a group, equities analysts predict 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, October 10th. Stockholders of record on Friday, September 26th were paid a dividend of $0.9125 per share. The ex-dividend date of this dividend was Friday, September 26th. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.1%. Ralph Lauren’s payout ratio is currently 29.15%.

Ralph Lauren Profile

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.