1,064 Shares in Ralph Lauren Corporation $RL Acquired by 5T Wealth LLC

5T Wealth LLC acquired a new position in Ralph Lauren Corporation (NYSE:RL) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,064 shares of the textile maker’s stock, valued at approximately $292,000.

Several other institutional investors and hedge funds also recently bought and sold shares of RL. Hantz Financial Services Inc. boosted its holdings in Ralph Lauren by 1,228.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock worth $26,000 after buying an additional 86 shares during the period. Banque Transatlantique SA bought a new position in Ralph Lauren in the 1st quarter valued at $33,000. Brooklyn Investment Group boosted its holdings in Ralph Lauren by 180.3% in the 1st quarter. Brooklyn Investment Group now owns 171 shares of the textile maker’s stock valued at $38,000 after purchasing an additional 110 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in Ralph Lauren in the 1st quarter valued at $39,000. Finally, Gordian Capital Singapore Pte Ltd bought a new position in Ralph Lauren in the 1st quarter valued at $43,000. 67.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Cfra Research raised shares of Ralph Lauren from a “moderate sell” rating to a “hold” rating in a report on Monday, August 11th. Evercore ISI raised their price target on shares of Ralph Lauren from $320.00 to $335.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Needham & Company LLC raised their price target on shares of Ralph Lauren from $335.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 12th. TD Cowen raised their price target on shares of Ralph Lauren from $354.00 to $399.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Finally, UBS Group raised their price target on shares of Ralph Lauren from $404.00 to $421.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $336.12.

Ralph Lauren Stock Performance

NYSE RL opened at $319.91 on Friday. Ralph Lauren Corporation has a 52-week low of $176.61 and a 52-week high of $341.90. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.30 and a current ratio of 1.84. The company has a market capitalization of $19.38 billion, a P/E ratio of 25.55, a P/E/G ratio of 1.63 and a beta of 1.61. The company has a fifty day moving average of $316.06 and a 200-day moving average of $286.60.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, August 7th. The textile maker reported $3.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.50 by $0.27. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.65 billion. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The firm’s revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.70 EPS. As a group, equities research analysts predict that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were given a $0.9125 dividend. This represents a $3.65 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, September 26th. Ralph Lauren’s dividend payout ratio (DPR) is presently 29.15%.

Ralph Lauren Profile

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men’s, women’s, and children’s clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.