Signal Advisors Wealth LLC Raises Position in Ralph Lauren Corporation $RL

Signal Advisors Wealth LLC grew its stake in Ralph Lauren Corporation (NYSE:RL) by 589.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,459 shares of the textile maker’s stock after purchasing an additional 3,812 shares during the quarter. Signal Advisors Wealth LLC’s holdings in Ralph Lauren were worth $1,534,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of RL. Blueline Advisors LLC purchased a new position in Ralph Lauren during the 4th quarter worth $27,000. Aventura Private Wealth LLC bought a new position in shares of Ralph Lauren during the fourth quarter valued at about $29,000. JPL Wealth Management LLC purchased a new position in Ralph Lauren during the third quarter worth about $27,000. Flagship Harbor Advisors LLC bought a new stake in Ralph Lauren in the 4th quarter worth about $35,000. Finally, Elevated Capital Advisors LLC purchased a new stake in Ralph Lauren in the 4th quarter valued at about $35,000. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Price Performance

NYSE RL opened at $407.10 on Wednesday. The company has a quick ratio of 1.57, a current ratio of 2.13 and a debt-to-equity ratio of 0.51. The company has a market cap of $24.23 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 2.04 and a beta of 1.35. Ralph Lauren Corporation has a 52 week low of $266.20 and a 52 week high of $421.60. The firm’s 50-day simple moving average is $371.53 and its two-hundred day simple moving average is $362.65.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.28. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.85 billion. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.27 earnings per share. Research analysts predict that Ralph Lauren Corporation will post 18.33 earnings per share for the current year.

Ralph Lauren Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Friday, June 26th. 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 dividend yield of 1.0%. Ralph Lauren’s dividend payout ratio is 24.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on RL shares. Citigroup upgraded Ralph Lauren from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $360.00 to $400.00 in a research note on Tuesday, March 24th. Barclays boosted their price objective on Ralph Lauren from $430.00 to $439.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Zacks Research cut Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. UBS Group boosted their price target on shares of Ralph Lauren from $480.00 to $511.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Finally, Bank of America raised their price objective on shares of Ralph Lauren from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Fifteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Ralph Lauren presently has an average rating of “Moderate Buy” and an average target price of $430.07.

Ralph Lauren 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.