Expressive Wealth LLC Buys New Position in Ralph Lauren Corporation $RL

Expressive Wealth LLC bought a new stake in Ralph Lauren Corporation (NYSE:RL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,319 shares of the textile maker’s stock, valued at approximately $466,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Ralph Lauren by 5.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,432 shares of the textile maker’s stock worth $758,000 after acquiring an additional 174 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Ralph Lauren by 0.9% during the first quarter. Empowered Funds LLC now owns 12,334 shares of the textile maker’s stock worth $2,723,000 after acquiring an additional 114 shares in the last quarter. Woodline Partners LP raised its stake in shares of Ralph Lauren by 39.5% during the first quarter. Woodline Partners LP now owns 3,369 shares of the textile maker’s stock worth $744,000 after acquiring an additional 954 shares in the last quarter. Focus Partners Wealth raised its stake in shares of Ralph Lauren by 29.5% during the first quarter. Focus Partners Wealth now owns 3,812 shares of the textile maker’s stock worth $841,000 after acquiring an additional 869 shares in the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in shares of Ralph Lauren during the second quarter worth approximately $386,000. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Trading Up 1.2%

NYSE:RL opened at $382.31 on Wednesday. The company has a 50-day moving average price of $355.91 and a 200-day moving average price of $356.49. Ralph Lauren Corporation has a 12 month low of $258.13 and a 12 month high of $393.41. The company has a current ratio of 2.13, a quick ratio of 1.57 and a debt-to-equity ratio of 0.51. The stock has a market cap of $23.15 billion, a price-to-earnings ratio of 25.30, a P/E/G ratio of 1.28 and a beta of 1.37.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, topping the consensus estimate of $2.52 by $0.28. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period last year, the company posted $2.27 EPS. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. Equities analysts predict that Ralph Lauren Corporation will post 18.12 EPS for the current year.

Ralph Lauren Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, June 26th. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.91. Ralph Lauren’s dividend payout ratio (DPR) is 24.16%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Zacks Research cut shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Wells Fargo & Company raised their target price on shares of Ralph Lauren from $400.00 to $415.00 and gave the stock an “overweight” rating in a report on Friday. Bank of America raised their target price on shares of Ralph Lauren from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Barclays raised their target price on shares of Ralph Lauren from $430.00 to $439.00 and gave the stock an “overweight” rating in a report on Friday. Finally, BTIG Research restated a “buy” rating and issued a $450.00 target price on shares of Ralph Lauren in a report on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $428.29.

Ralph Lauren Profile

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.