Mirae Asset Global Investments Co. Ltd. purchased a new position in Ralph Lauren Corporation (NYSE:RL – Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 14,683 shares of the textile maker’s stock, valued at approximately $5,213,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of RL. Vise Technologies Inc. grew its stake in shares of Ralph Lauren by 17.7% in the 3rd quarter. Vise Technologies Inc. now owns 2,597 shares of the textile maker’s stock worth $922,000 after purchasing an additional 391 shares during the last quarter. MGO One Seven LLC lifted its stake in Ralph Lauren by 6.0% during the third quarter. MGO One Seven LLC now owns 4,511 shares of the textile maker’s stock valued at $1,602,000 after purchasing an additional 254 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in Ralph Lauren by 39.3% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 11,193 shares of the textile maker’s stock valued at $3,974,000 after purchasing an additional 3,160 shares during the last quarter. Choreo LLC lifted its stake in Ralph Lauren by 2.2% during the third quarter. Choreo LLC now owns 2,527 shares of the textile maker’s stock valued at $897,000 after purchasing an additional 55 shares during the last quarter. Finally, Moody Aldrich Partners LLC bought a new stake in Ralph Lauren during the third quarter worth approximately $286,000. 67.91% of the stock is owned by institutional investors and hedge funds.
Ralph Lauren Price Performance
RL stock opened at $383.67 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.42 and a debt-to-equity ratio of 0.53. Ralph Lauren Corporation has a one year low of $308.41 and a one year high of $421.60. The firm has a market capitalization of $22.86 billion, a PE ratio of 24.18, a P/E/G ratio of 1.86 and a beta of 1.30. The firm has a 50-day moving average of $363.44 and a two-hundred day moving average of $367.66.
Ralph Lauren (NYSE:RL – Get Free Report) last announced its earnings results on Thursday, November 5th. The textile maker reported $4.64 EPS for the quarter, topping the consensus estimate of $4.26 by $0.38. The company had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Ralph Lauren had a net margin of 11.76% and a return on equity of 39.10%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the company posted $3.79 earnings per share. On average, analysts forecast that Ralph Lauren Corporation will post 18.88 earnings per share for the current year.
Ralph Lauren Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Friday, September 25th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, September 25th. Ralph Lauren’s dividend payout ratio is 25.20%.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on RL shares. Barclays lifted their price target on shares of Ralph Lauren from $439.00 to $463.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Citigroup increased their price objective on Ralph Lauren from $400.00 to $455.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $446.00 price objective on Ralph Lauren in a research report on Friday, August 7th. Raymond James Financial reissued an “outperform” rating and set a $425.00 price objective on shares of Ralph Lauren in a research note on Friday, August 7th. Finally, JPMorgan Chase & Co. lifted their target price on Ralph Lauren from $434.00 to $452.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. Fifteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $449.07.
Read Our Latest Stock Analysis on Ralph Lauren
Ralph Lauren News Summary
Here are the key news stories impacting Ralph Lauren this week:
- Positive Sentiment: Adjusted earnings of $4.64 per share and revenue of $2.19 billion topped analyst estimates; revenue increased 9.1% year over year. The company also raised its full-year revenue outlook. Reuters: Ralph Lauren raises annual revenue forecast
- Positive Sentiment: Strong Asia sales, resilient consumer demand and higher margins supported the earnings beat and improved guidance. Zacks: RL Q2 Earnings Beat Estimates on Strong Asia Sales, Margins Rise
- Negative Sentiment: Weak European sales and the forward outlook tempered the upbeat results. The market reaction suggests investors were looking for stronger signals beyond the quarterly beat and guidance increase. Seeking Alpha: Ralph Lauren slips as weak European sales and FY27 outlook temper upbeat FQ2
Ralph Lauren Company Profile
Ralph Lauren Corporation (NYSE: RL) is a global luxury lifestyle company founded by Ralph Lauren in 1967. The company designs, markets and distributes apparel, accessories, home furnishings, fragrances and related products under a portfolio of brands that includes Ralph Lauren, Polo Ralph Lauren, Lauren Ralph Lauren, Ralph Lauren Purple Label and Double RL.
Ralph Lauren serves men, women and children through a combination of directly operated stores, digital commerce, wholesale distribution and licensing arrangements.
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