Ralph Lauren Corporation $RL Holdings Raised by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its position in shares of Ralph Lauren Corporation (NYSE:RL) by 24.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,461 shares of the textile maker’s stock after acquiring an additional 3,985 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Ralph Lauren were worth $7,462,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in RL. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Ralph Lauren by 18.6% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 32,362 shares of the textile maker’s stock worth $10,147,000 after acquiring an additional 5,075 shares during the period. Envestnet Asset Management Inc. boosted its stake in Ralph Lauren by 7.4% in the third quarter. Envestnet Asset Management Inc. now owns 265,601 shares of the textile maker’s stock valued at $83,282,000 after acquiring an additional 18,355 shares during the period. Winnow Wealth LLC bought a new position in shares of Ralph Lauren during the third quarter valued at approximately $899,000. Rakuten Investment Management Inc. bought a new position in shares of Ralph Lauren during the third quarter valued at approximately $86,719,000. Finally, ING Groep NV raised its position in shares of Ralph Lauren by 33.1% during the 3rd quarter. ING Groep NV now owns 25,578 shares of the textile maker’s stock worth $8,020,000 after purchasing an additional 6,354 shares during the period. Institutional investors and hedge funds own 67.91% of the company’s stock.

Insider Transactions at Ralph Lauren

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 transaction, the chief executive officer directly owned 85,552 shares in the company, valued at approximately $30,304,229.44. This trade represents a 35.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 38.34% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Weiss Ratings downgraded Ralph Lauren from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, March 20th. Argus increased their target price on Ralph Lauren from $360.00 to $400.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Wells Fargo & Company raised their target price on Ralph Lauren from $385.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Citigroup raised shares of Ralph Lauren from a “neutral” rating to a “buy” rating and boosted their price target for the company from $360.00 to $400.00 in a report on Tuesday, March 24th. Finally, UBS Group reiterated a “buy” rating on shares of Ralph Lauren in a research report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $391.56.

Ralph Lauren Stock Performance

Shares of RL opened at $327.66 on Friday. The firm has a market capitalization of $19.84 billion, a PE ratio of 22.30, a P/E/G ratio of 1.28 and a beta of 1.47. The company has a quick ratio of 1.52, a current ratio of 2.10 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $354.72 and a 200 day moving average price of $344.89. Ralph Lauren Corporation has a 52-week low of $176.61 and a 52-week high of $389.15.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, February 5th. The textile maker reported $6.22 EPS for the quarter, topping analysts’ consensus estimates of $5.80 by $0.42. The company had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.30 billion. Ralph Lauren had a net margin of 11.73% and a return on equity of 37.97%. Ralph Lauren’s revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm earned $4.82 EPS. On average, sell-side analysts anticipate that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be paid a dividend of $0.9125 per share. This represents a $3.65 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, March 27th. Ralph Lauren’s dividend payout ratio (DPR) is presently 24.85%.

About Ralph Lauren

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.