Ralph Lauren Corporation $RL is Oliver Luxxe Assets LLC’s 9th Largest Position

Oliver Luxxe Assets LLC boosted its holdings in Ralph Lauren Corporation (NYSE:RL) by 34.4% during the third quarter, Holdings Channel.com reports. The fund owned 30,678 shares of the textile maker’s stock after buying an additional 7,844 shares during the quarter. Ralph Lauren accounts for 1.5% of Oliver Luxxe Assets LLC’s investment portfolio, making the stock its 9th largest holding. Oliver Luxxe Assets LLC’s holdings in Ralph Lauren were worth $9,619,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Orion Porfolio Solutions LLC raised its stake in Ralph Lauren by 8,937.8% in the second 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 in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Ralph Lauren by 118.3% in the 2nd quarter. Allianz Asset Management GmbH now owns 388,138 shares of the textile maker’s stock worth $106,458,000 after buying an additional 210,343 shares during the last quarter. Qube Research & Technologies Ltd raised its position in shares of Ralph Lauren by 26.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 843,321 shares of the textile maker’s stock valued at $231,306,000 after buying an additional 174,847 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Ralph Lauren by 116.6% during the 2nd quarter. Fisher Asset Management LLC now owns 267,742 shares of the textile maker’s stock worth $73,436,000 after acquiring an additional 144,155 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Ralph Lauren by 13.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,007,745 shares of the textile maker’s stock worth $276,407,000 after acquiring an additional 117,494 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

Shares of RL stock opened at $369.88 on Friday. The company has a market capitalization of $22.43 billion, a P/E ratio of 27.34, a PEG ratio of 1.81 and a beta of 1.49. Ralph Lauren Corporation has a fifty-two week low of $176.61 and a fifty-two week high of $380.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.35 and a current ratio of 2.04. The stock has a 50 day moving average price of $351.98 and a two-hundred day moving average price of $320.49.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, November 6th. The textile maker reported $3.79 earnings per share (EPS) 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 analysts’ expectations of $1.88 billion. During the same quarter last year, the business earned $2.54 earnings per share. The business’s revenue was up 16.5% on a year-over-year basis. Analysts expect that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were given a $0.9125 dividend. The ex-dividend date was Friday, December 26th. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.0%. Ralph Lauren’s payout ratio is presently 26.98%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on RL shares. Cowen restated a “buy” rating on shares of Ralph Lauren in a research report on Tuesday, September 30th. Guggenheim started coverage on Ralph Lauren in a research report on Tuesday, December 9th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. raised their price objective on Ralph Lauren from $423.00 to $430.00 and gave the company an “overweight” rating in a report on Friday, September 26th. Wall Street Zen raised Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Finally, BTIG Research assumed coverage on shares of Ralph Lauren in a research report on Tuesday, October 14th. They set a “buy” rating and a $400.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Ralph Lauren presently has an average rating of “Moderate Buy” and an average price target of $373.75.

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.