Wunderlich Capital Managemnt Acquires Shares of 15,048 Ralph Lauren Corporation (RL)

Wunderlich Capital Managemnt acquired a new position in shares of Ralph Lauren Corporation (NYSE:RL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 15,048 shares of the textile maker’s stock, valued at approximately $1,111,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Gateway Investment Advisers LLC increased its stake in Ralph Lauren Corporation by 0.3% during the second quarter. Gateway Investment Advisers LLC now owns 3,741 shares of the textile maker’s stock worth $276,000 after acquiring an additional 12 shares during the last quarter. Capstone Asset Management Co. increased its stake in Ralph Lauren Corporation by 1.7% during the second quarter. Capstone Asset Management Co. now owns 3,681 shares of the textile maker’s stock worth $272,000 after acquiring an additional 60 shares during the last quarter. Mason Street Advisors LLC increased its stake in Ralph Lauren Corporation by 1.0% during the first quarter. Mason Street Advisors LLC now owns 7,784 shares of the textile maker’s stock worth $635,000 after acquiring an additional 80 shares during the last quarter. Amalgamated Bank increased its stake in Ralph Lauren Corporation by 2.1% during the first quarter. Amalgamated Bank now owns 4,012 shares of the textile maker’s stock worth $327,000 after acquiring an additional 84 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Ralph Lauren Corporation by 7.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,368 shares of the textile maker’s stock worth $101,000 after acquiring an additional 96 shares during the last quarter. 62.88% of the stock is currently owned by institutional investors.

Shares of Ralph Lauren Corporation (RL) traded down 0.58% on Thursday, reaching $84.71. The company had a trading volume of 640,283 shares. The stock’s market capitalization is $6.88 billion. The company’s 50 day moving average price is $88.75 and its 200-day moving average price is $79.33. Ralph Lauren Corporation has a 1-year low of $66.06 and a 1-year high of $114.00.

Ralph Lauren Corporation (NYSE:RL) last posted its earnings results on Tuesday, August 8th. The textile maker reported $1.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.15. Ralph Lauren Corporation had a negative net margin of 0.27% and a positive return on equity of 13.80%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the firm earned $1.06 EPS. The firm’s revenue for the quarter was down 13.2% on a year-over-year basis. Equities analysts predict that Ralph Lauren Corporation will post $5.34 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.00 annualized dividend and a yield of 2.35%. Ralph Lauren Corporation’s dividend payout ratio (DPR) is presently -869.57%.

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RL has been the topic of several analyst reports. Cowen and Company reissued a “hold” rating and set a $80.00 price objective (up from $78.00) on shares of Ralph Lauren Corporation in a research note on Tuesday, July 18th. Credit Suisse Group raised Ralph Lauren Corporation from a “neutral” rating to an “outperform” rating and set a $111.00 target price on the stock in a research note on Friday, September 8th. BidaskClub raised Ralph Lauren Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Piper Jaffray Companies reaffirmed a “sell” rating and set a $66.00 target price on shares of Ralph Lauren Corporation in a research note on Friday, July 14th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $75.00 target price on shares of Ralph Lauren Corporation in a research note on Friday, July 7th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $87.37.

Ralph Lauren Corporation Profile

Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.

Institutional Ownership by Quarter for Ralph Lauren Corporation (NYSE:RL)

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