Corient Private Wealth LLC Has $4.43 Million Stock Position in Ralph Lauren Corporation $RL

by · The Cerbat Gem

Corient Private Wealth LLC boosted its position in shares of Ralph Lauren Corporation (NYSE:RL – Free Report) by 63.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,512 shares of the textile maker’s stock after purchasing an additional 4,865 shares during the period. Corient Private Wealth LLC’s holdings in Ralph Lauren were worth $4,427,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund lifted its position in Ralph Lauren by 0.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,425 shares of the textile maker’s stock worth $1,565,000 after buying an additional 31 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Ralph Lauren by 14.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 251 shares of the textile maker’s stock valued at $90,000 after purchasing an additional 31 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. increased its holdings in shares of Ralph Lauren by 0.3% in the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 11,762 shares of the textile maker’s stock valued at $3,688,000 after purchasing an additional 32 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Ralph Lauren by 23.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 179 shares of the textile maker’s stock valued at $63,000 after purchasing an additional 34 shares in the last quarter. Finally, Polymer Capital Management US LLC raised its position in Ralph Lauren by 1.1% in the 3rd quarter. Polymer Capital Management US LLC now owns 3,230 shares of the textile maker’s stock worth $1,013,000 after purchasing an additional 34 shares during the last quarter. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Ralph Lauren Price Performance

Shares of RL opened at $411.69 on Friday. The stock has a market capitalization of $24.50 billion, a P/E ratio of 27.25, a P/E/G ratio of 2.04 and a beta of 1.35. Ralph Lauren Corporation has a twelve month low of $266.20 and a twelve month high of $421.60. The company has a 50 day moving average of $373.85 and a 200-day moving average of $363.68. The company has a quick ratio of 1.57, a current ratio of 2.13 and a debt-to-equity ratio of 0.51.

Ralph Lauren (NYSE:RL – Get Free Report) last released its earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.28. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the previous year, the business earned $2.27 earnings per share. Ralph Lauren’s quarterly revenue was up 16.6% on a year-over-year basis. As a group, equities research analysts forecast that Ralph Lauren Corporation will post 18.33 EPS for the current fiscal year.

Ralph Lauren Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be paid a dividend of $1.00 per share. The ex-dividend date is Friday, June 26th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.0%. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.91. Ralph Lauren’s dividend payout ratio (DPR) is currently 24.16%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on RL shares. Zacks Research lowered Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. BTIG Research restated a “buy” rating and set a $450.00 target price on shares of Ralph Lauren in a research report on Friday, May 22nd. Barclays upped their price target on Ralph Lauren from $430.00 to $439.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. Wells Fargo & Company lifted their price objective on Ralph Lauren from $400.00 to $415.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Finally, Citigroup raised Ralph Lauren from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $360.00 to $400.00 in a report on Tuesday, March 24th. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $430.07.

Check Out Our Latest Stock Analysis on RL

About Ralph Lauren

(Free Report)

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.

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