Ralph Lauren Corporation $RL Stock Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its stake in Ralph Lauren Corporation (NYSE:RL) by 7.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,527 shares of the textile maker’s stock after purchasing an additional 1,640 shares during the quarter. Vontobel Holding Ltd.’s holdings in Ralph Lauren were worth $7,999,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in RL. Pension & Wealth Management Advisors Inc. bought a new position in Ralph Lauren during the 3rd quarter valued at approximately $58,000. V Square Quantitative Management LLC raised its stake in Ralph Lauren by 36.9% during the third quarter. V Square Quantitative Management LLC now owns 1,187 shares of the textile maker’s stock valued at $421,000 after buying an additional 320 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in Ralph Lauren in the third quarter worth $25,987,000. Brindle & Bay Financial Advisors LLC boosted its holdings in Ralph Lauren by 25.1% in the third quarter. Brindle & Bay Financial Advisors LLC now owns 642 shares of the textile maker’s stock worth $228,000 after acquiring an additional 129 shares in the last quarter. Finally, Curated Wealth Partners LLC purchased a new stake in shares of Ralph Lauren in the third quarter worth $360,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wall Street Zen downgraded Ralph Lauren from a “buy” rating to a “hold” rating in a report on Saturday, September 5th. Evercore reiterated an “outperform” rating and issued a $460.00 price target on shares of Ralph Lauren in a research note on Friday, August 7th. JPMorgan Chase & Co. increased their price objective on shares of Ralph Lauren from $434.00 to $452.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Needham & Company LLC increased their price objective on shares of Ralph Lauren from $405.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Wells Fargo & Company raised their price objective on shares of Ralph Lauren from $415.00 to $425.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Fifteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $449.00.

Ralph Lauren Trading Down 1.5%

Ralph Lauren stock opened at $385.25 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.04 and a quick ratio of 1.42. Ralph Lauren Corporation has a one year low of $306.55 and a one year high of $421.60. The stock has a market capitalization of $22.95 billion, a PE ratio of 24.28, a price-to-earnings-growth ratio of 1.45 and a beta of 1.34. The business’s fifty day moving average is $360.50 and its 200 day moving average is $370.41.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, August 6th. The textile maker reported $4.59 EPS 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 the consensus estimate of $1.87 billion. Ralph Lauren had a return on equity of 39.10% and a net margin of 11.76%. Ralph Lauren’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period last year, the company earned $3.77 EPS. On average, sell-side analysts predict that Ralph Lauren Corporation will post 18.79 EPS for the current year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, September 25th were paid a $1.00 dividend. The ex-dividend date was Friday, September 25th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.0%. Ralph Lauren’s payout ratio is currently 25.20%.

About Ralph Lauren

Ralph Lauren Corporation (NYSE:RL) is a global lifestyle company that designs, markets, and distributes apparel, accessories, home furnishings, fragrances, and related products. Its portfolio includes the Ralph Lauren, Polo Ralph Lauren, Lauren Ralph Lauren, Purple Label, Double RL, and other brands, which offer products across men’s, women’s, and children’s categories.

The company sells its products through company-operated stores, e-commerce platforms, department stores, specialty retailers, and selected third-party distributors.