Vontobel Holding Ltd. increased its position in Ralph Lauren Corporation (NYSE:RL – Free Report) by 7.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 22,527 shares of the textile maker’s stock after acquiring an additional 1,640 shares during the quarter. Vontobel Holding Ltd.’s holdings in Ralph Lauren were worth $7,999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently modified their holdings of the company. Summit Global Investments lifted its holdings in Ralph Lauren by 2.0% in the first quarter. Summit Global Investments now owns 1,510 shares of the textile maker’s stock valued at $519,000 after acquiring an additional 29 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of Ralph Lauren by 27.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 179 shares of the textile maker’s stock valued at $72,000 after purchasing an additional 38 shares during the period. Meeder Advisory Services Inc. grew its stake in shares of Ralph Lauren by 4.0% during the 1st quarter. Meeder Advisory Services Inc. now owns 1,062 shares of the textile maker’s stock valued at $365,000 after purchasing an additional 41 shares during the period. Avior Wealth Management LLC grew its stake in shares of Ralph Lauren by 1.2% during the 2nd quarter. Avior Wealth Management LLC now owns 3,535 shares of the textile maker’s stock valued at $1,419,000 after purchasing an additional 43 shares during the period. Finally, Empirical Finance LLC increased its position in shares of Ralph Lauren by 2.9% during the 2nd quarter. Empirical Finance LLC now owns 1,536 shares of the textile maker’s stock valued at $617,000 after purchasing an additional 43 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.
Ralph Lauren Stock Performance
RL opened at $385.25 on Friday. The firm has a market cap of $22.95 billion, a P/E ratio of 24.28, a PEG ratio of 1.45 and a beta of 1.34. Ralph Lauren Corporation has a 1-year low of $306.55 and a 1-year high of $421.60. The company has a 50 day simple moving average of $360.50 and a two-hundred day simple moving average of $370.41. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.04 and a quick ratio of 1.42.
Ralph Lauren (NYSE:RL – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The textile maker reported $4.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.32 by $0.27. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Ralph Lauren had a net margin of 11.76% and a return on equity of 39.10%. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.77 earnings per share. Equities analysts forecast that Ralph Lauren Corporation will post 18.79 earnings per share for the current fiscal year.
Ralph Lauren Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Friday, September 25th were issued a $1.00 dividend. The ex-dividend date of this dividend was Friday, September 25th. This represents a $4.00 annualized dividend and a yield of 1.0%. Ralph Lauren’s dividend payout ratio is currently 25.20%.
Wall Street Analyst Weigh In
RL has been the topic of a number of research reports. Needham & Company LLC raised their price objective on shares of Ralph Lauren from $405.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Evercore reaffirmed an “outperform” rating and set a $460.00 target price on shares of Ralph Lauren in a report on Friday, August 7th. Wall Street Zen cut shares of Ralph Lauren from a “buy” rating to a “hold” rating in a report on Saturday, September 5th. UBS Group increased their price target on shares of Ralph Lauren from $511.00 to $520.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $425.00 price target on shares of Ralph Lauren in a research note on Friday, August 7th. Fifteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $449.00.
Check Out Our Latest Stock Analysis on RL
Ralph Lauren Profile
Ralph Lauren Corporation (NYSE:RL) is a global lifestyle company that designs, markets, and distributes apparel, accessories, home furnishings, fragrances, and related products. Its portfolio includes the Ralph Lauren, Polo Ralph Lauren, Lauren Ralph Lauren, Purple Label, Double RL, and other brands, which offer products across men’s, women’s, and children’s categories.
The company sells its products through company-operated stores, e-commerce platforms, department stores, specialty retailers, and selected third-party distributors.
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