Jackson Wealth Management LLC Acquires New Holdings in Ralph Lauren Corporation $RL

Jackson Wealth Management LLC bought a new position in shares of Ralph Lauren Corporation (NYSE:RL) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,559 shares of the textile maker’s stock, valued at approximately $489,000.

A number of other hedge funds also recently modified their holdings of RL. AQR Capital Management LLC lifted its holdings in Ralph Lauren by 55.7% during the 1st quarter. AQR Capital Management LLC now owns 1,157,867 shares of the textile maker’s stock worth $245,468,000 after buying an additional 414,275 shares during the period. Geode Capital Management LLC lifted its stake in shares of Ralph Lauren by 1.6% in the second quarter. Geode Capital Management LLC now owns 1,014,880 shares of the textile maker’s stock worth $277,818,000 after acquiring an additional 15,785 shares during the period. JPMorgan Chase & Co. boosted its holdings in Ralph Lauren by 13.2% in the second quarter. JPMorgan Chase & Co. now owns 1,007,745 shares of the textile maker’s stock valued at $276,407,000 after acquiring an additional 117,494 shares during the last quarter. Orion Porfolio Solutions LLC increased its position in Ralph Lauren by 8,937.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock valued at $264,225,000 after purchasing an additional 952,681 shares during the period. Finally, Qube Research & Technologies Ltd raised its holdings in Ralph Lauren by 26.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 843,321 shares of the textile maker’s stock worth $231,306,000 after purchasing an additional 174,847 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Price Performance

Shares of RL opened at $371.76 on Tuesday. The business’s fifty day moving average is $338.37 and its 200 day moving average is $308.60. Ralph Lauren Corporation has a 12-month low of $176.61 and a 12-month high of $377.72. The company has a quick ratio of 1.35, a current ratio of 2.04 and a debt-to-equity ratio of 0.57. The stock has a market cap of $22.54 billion, a P/E ratio of 27.48, a P/E/G ratio of 1.79 and a beta of 1.52.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, November 6th. The textile maker reported $3.79 earnings per share for the quarter, topping the consensus estimate of $3.45 by $0.34. Ralph Lauren had a net margin of 11.28% and a return on equity of 36.18%. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the company posted $2.54 earnings per share. The business’s revenue was up 16.5% on a year-over-year basis. Sell-side analysts anticipate that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 26th will be given a $0.9125 dividend. The ex-dividend date of this dividend is Friday, December 26th. This represents a $3.65 annualized dividend and a yield of 1.0%. Ralph Lauren’s dividend payout ratio (DPR) is presently 26.98%.

Wall Street Analysts Forecast Growth

RL has been the topic of a number of analyst reports. Telsey Advisory Group upped their price objective on shares of Ralph Lauren from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Jefferies Financial Group boosted their target price on shares of Ralph Lauren from $385.00 to $425.00 and gave the company a “buy” rating in a report on Friday. Evercore ISI lifted their price objective on Ralph Lauren from $340.00 to $375.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. JPMorgan Chase & Co. upped their target price on Ralph Lauren from $423.00 to $430.00 and gave the company an “overweight” rating in a research report on Friday, September 26th. Finally, UBS Group increased their price target on Ralph Lauren from $421.00 to $435.00 and gave the stock a “buy” rating in a report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Ralph Lauren presently has an average rating of “Moderate Buy” and an average target price of $352.13.

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.