Ralph Lauren Corporation $RL Shares Sold by Royal Bank of Canada

Royal Bank of Canada lessened its position in shares of Ralph Lauren Corporation (NYSE:RL) by 33.3% in the first quarter, Holdings Channel.com reports. The fund owned 49,776 shares of the textile maker’s stock after selling 24,884 shares during the quarter. Royal Bank of Canada’s holdings in Ralph Lauren were worth $17,122,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of RL. Invesco Ltd. lifted its stake in shares of Ralph Lauren by 26.2% in the 4th quarter. Invesco Ltd. now owns 1,324,018 shares of the textile maker’s stock valued at $468,186,000 after purchasing an additional 275,263 shares in the last quarter. Geode Capital Management LLC raised its holdings in Ralph Lauren by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 1,050,543 shares of the textile maker’s stock valued at $370,852,000 after buying an additional 54,686 shares during the period. Orion Porfolio Solutions LLC lifted its position in Ralph Lauren by 8,937.8% during the second quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock valued at $264,225,000 after buying an additional 952,681 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in Ralph Lauren by 11.7% during the third quarter. Qube Research & Technologies Ltd now owns 941,832 shares of the textile maker’s stock valued at $295,321,000 after buying an additional 98,511 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Ralph Lauren by 40.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 895,017 shares of the textile maker’s stock worth $316,487,000 after buying an additional 255,511 shares during the period. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on RL. Zacks Research downgraded shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Needham & Company LLC upped their price target on shares of Ralph Lauren from $405.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday. Bank of America increased their price target on Ralph Lauren from $400.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Wall Street Zen raised Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Finally, BTIG Research restated a “buy” rating and set a $450.00 price objective on shares of Ralph Lauren in a research note on Friday, May 22nd. Fifteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Ralph Lauren presently has a consensus rating of “Moderate Buy” and an average target price of $436.21.

Ralph Lauren News Roundup

Here are the key news stories impacting Ralph Lauren this week:

• Positive Sentiment: Quarterly beat: Ralph Lauren reported adjusted earnings of $4.59 per share versus the $4.27 consensus estimate. Revenue rose 13.9% year over year to $1.96 billion, exceeding expectations of $1.87 billion. Ralph Lauren quarterly earnings report
• Positive Sentiment: Strong demand and profitability: Results benefited from broad-based global demand, affluent shoppers, higher full-price selling and operating-margin expansion, signaling healthy brand momentum and pricing power. Ralph Lauren Q1 earnings beat
• Positive Sentiment: Raised outlook: Management lifted its fiscal 2027 revenue-growth forecast to 5%-6% and expects operating-margin expansion of 60-80 basis points, above its previous outlook. Ralph Lauren raises fiscal 2027 outlook
• Positive Sentiment: Analyst support: Needham raised its price target from $405 to $450 and assigned a Buy rating. Commentator Jim Cramer also highlighted Ralph Lauren’s disciplined brand-building, core-business expansion and global growth strategy. Needham raises Ralph Lauren price target
• Neutral Sentiment: Despite the favorable earnings reaction, RL remains near its 52-week high, so elevated valuation and high investor expectations could increase sensitivity to any slowdown in demand.
• Negative Sentiment: Quiver Quantitative reported that insiders made no open-market purchases and recorded 17 sales during the past six months, including sales by senior executives. This may weigh modestly on sentiment, although the transactions do not necessarily indicate a change in business fundamentals.

Ralph Lauren Stock Up 4.1%

Shares of NYSE:RL opened at $396.46 on Friday. The firm has a market cap of $23.60 billion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 1.88 and a beta of 1.35. The company has a fifty day simple moving average of $387.93 and a 200 day simple moving average of $368.20. The company has a current ratio of 2.13, a quick ratio of 1.57 and a debt-to-equity ratio of 0.51. Ralph Lauren Corporation has a 12-month low of $273.04 and a 12-month high of $421.60.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, August 6th. The textile maker reported $4.59 earnings per share for the quarter, topping the consensus estimate of $4.32 by $0.27. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.87 billion. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period last year, the business earned $3.77 EPS. On average, equities research analysts anticipate that Ralph Lauren Corporation will post 18.4 EPS for the current fiscal year.

Ralph Lauren Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were paid a dividend of $1.00 per share. The ex-dividend date was Friday, June 26th. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.91. This represents a $4.00 annualized dividend and a yield of 1.0%. Ralph Lauren’s payout ratio is currently 26.47%.

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.