Retireful LLC Purchases New Shares in Ralph Lauren Corporation $RL

Retireful LLC purchased a new position in shares of Ralph Lauren Corporation (NYSE:RL) during the fourth quarter, HoldingsChannel reports. The fund purchased 2,511 shares of the textile maker’s stock, valued at approximately $901,000. Ralph Lauren comprises 1.1% of Retireful LLC’s investment portfolio, making the stock its 28th biggest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Invesco Ltd. boosted its holdings in Ralph Lauren by 9.8% in the 3rd quarter. Invesco Ltd. now owns 1,048,755 shares of the textile maker’s stock valued at $328,848,000 after purchasing an additional 93,753 shares during the period. Orion Porfolio Solutions LLC raised its position in shares of Ralph Lauren by 8,937.8% in the second quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock valued at $264,225,000 after buying an additional 952,681 shares in the last quarter. Qube Research & Technologies Ltd raised its position in shares of Ralph Lauren by 11.7% in the third quarter. Qube Research & Technologies Ltd now owns 941,832 shares of the textile maker’s stock valued at $295,321,000 after buying an additional 98,511 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Ralph Lauren by 5.0% in the second quarter. Ameriprise Financial Inc. now owns 756,203 shares of the textile maker’s stock valued at $207,417,000 after buying an additional 36,328 shares during the period. Finally, Boston Partners boosted its stake in shares of Ralph Lauren by 2.1% in the third quarter. Boston Partners now owns 715,733 shares of the textile maker’s stock valued at $224,455,000 after buying an additional 14,953 shares during the period. Institutional investors and hedge funds own 67.91% of the company’s stock.

Insider Transactions at Ralph Lauren

In other Ralph Lauren news, CEO Patrice Louvet sold 47,000 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $354.22, for a total transaction of $16,648,340.00. Following the completion of the transaction, the chief executive officer owned 85,552 shares of the company’s stock, valued at approximately $30,304,229.44. The trade was a 35.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 38.34% of the stock is currently owned by corporate insiders.

Ralph Lauren Stock Up 2.7%

Shares of RL opened at $353.42 on Thursday. The firm has a 50 day simple moving average of $353.35 and a two-hundred day simple moving average of $345.46. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.10 and a quick ratio of 1.52. Ralph Lauren Corporation has a one year low of $176.61 and a one year high of $389.15. The company has a market cap of $21.40 billion, a P/E ratio of 24.06, a P/E/G ratio of 1.34 and a beta of 1.46.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, February 5th. The textile maker reported $6.22 earnings per share for the quarter, beating analysts’ consensus estimates of $5.80 by $0.42. Ralph Lauren had a return on equity of 37.97% and a net margin of 11.73%.The firm had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter last year, the business posted $4.82 EPS. The company’s revenue was up 12.2% compared to the same quarter last year. Research analysts forecast that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be paid a $0.9125 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $3.65 annualized dividend and a yield of 1.0%. Ralph Lauren’s dividend payout ratio (DPR) is 24.85%.

Wall Street Analyst Weigh In

A number of research firms have commented on RL. Guggenheim began coverage on Ralph Lauren in a research note on Tuesday, December 9th. They set a “neutral” rating on the stock. Citigroup upgraded Ralph Lauren from a “neutral” rating to a “buy” rating and upped their target price for the company from $360.00 to $400.00 in a research report on Tuesday, March 24th. Evercore set a $420.00 target price on Ralph Lauren and gave the stock an “outperform” rating in a report on Friday, February 6th. Barclays raised their price target on Ralph Lauren from $416.00 to $430.00 and gave the stock an “overweight” rating in a research report on Friday, March 6th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $435.00 price target on shares of Ralph Lauren in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Ralph Lauren presently has an average rating of “Moderate Buy” and a consensus price target of $391.56.

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.