Northwestern Mutual Wealth Management Co. Acquires 7,256 Shares of Ralph Lauren Corporation $RL

Northwestern Mutual Wealth Management Co. increased its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 2,038.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,612 shares of the textile maker’s stock after purchasing an additional 7,256 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Ralph Lauren were worth $2,692,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Invesco Ltd. lifted its position in shares of Ralph Lauren by 9.8% during the 3rd quarter. Invesco Ltd. now owns 1,048,755 shares of the textile maker’s stock worth $328,848,000 after buying an additional 93,753 shares during the last quarter. Orion Porfolio Solutions LLC lifted its position in shares of Ralph Lauren by 8,937.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock worth $264,225,000 after buying an additional 952,681 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in shares of Ralph Lauren by 11.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 941,832 shares of the textile maker’s stock worth $295,321,000 after buying an additional 98,511 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Ralph Lauren by 5.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 756,203 shares of the textile maker’s stock worth $207,417,000 after buying an additional 36,328 shares during the last quarter. Finally, Boston Partners lifted its position in shares of Ralph Lauren by 2.1% during the 3rd quarter. Boston Partners now owns 715,733 shares of the textile maker’s stock worth $224,455,000 after buying an additional 14,953 shares during the last quarter. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Stock Performance

Shares of RL opened at $377.89 on Tuesday. The company has a current ratio of 2.10, a quick ratio of 1.52 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $22.88 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 1.28 and a beta of 1.37. The stock has a 50 day moving average of $354.87 and a 200 day moving average of $356.04. Ralph Lauren Corporation has a 12 month low of $258.13 and a 12 month high of $393.41.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.28. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.85 billion. Ralph Lauren had a return on equity of 38.81% and a net margin of 11.60%.Ralph Lauren’s revenue was up 16.6% on a year-over-year basis. During the same period last year, the business posted $2.27 earnings per share. As a group, sell-side analysts forecast that Ralph Lauren Corporation will post 18.12 earnings per share for the current year.

Ralph Lauren Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be given a $1.00 dividend. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.91. This represents a $4.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, June 26th. Ralph Lauren’s dividend payout ratio (DPR) is 24.16%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Weiss Ratings cut Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 15th. Telsey Advisory Group reissued an “outperform” rating and issued a $435.00 price target on shares of Ralph Lauren in a research note on Thursday, February 5th. Bank of America raised their target price on Ralph Lauren from $400.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Wells Fargo & Company raised their target price on Ralph Lauren from $400.00 to $415.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $437.00 price target on shares of Ralph Lauren in a report on Friday. Fifteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Ralph Lauren presently has a consensus rating of “Moderate Buy” and an average price target of $428.29.

Ralph Lauren Company 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.