EFG Asset Management Americas Corp. Takes Position in Ralph Lauren Corporation $RL

EFG Asset Management Americas Corp. purchased a new position in Ralph Lauren Corporation (NYSE:RL) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,502 shares of the textile maker’s stock, valued at approximately $1,783,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hantz Financial Services Inc. increased its position in shares of Ralph Lauren by 1,228.6% in the second quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock valued at $26,000 after buying an additional 86 shares in the last quarter. First Horizon Advisors Inc. raised its position in Ralph Lauren by 69.7% during the second quarter. First Horizon Advisors Inc. now owns 151 shares of the textile maker’s stock worth $41,000 after acquiring an additional 62 shares during the last quarter. Banque Transatlantique SA purchased a new stake in shares of Ralph Lauren in the first quarter valued at about $33,000. Brooklyn Investment Group grew its position in shares of Ralph Lauren by 180.3% in the first 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 last quarter. Finally, Private Trust Co. NA grew its position in shares of Ralph Lauren by 189.8% in the second quarter. Private Trust Co. NA now owns 171 shares of the textile maker’s stock valued at $47,000 after purchasing an additional 112 shares during the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Trading Up 0.8%

Shares of RL opened at $330.75 on Thursday. Ralph Lauren Corporation has a twelve month low of $176.61 and a twelve month high of $342.99. The firm has a market capitalization of $20.06 billion, a P/E ratio of 26.42, a price-to-earnings-growth ratio of 1.63 and a beta of 1.61. The company has a current ratio of 1.84, a quick ratio of 1.30 and a debt-to-equity ratio of 0.58. The stock’s fifty day simple moving average is $321.74 and its 200 day simple moving average is $296.59.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, November 6th. The textile maker reported $3.79 EPS for the quarter, topping analysts’ consensus estimates of $3.45 by $0.34. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the business posted $2.54 EPS. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. On average, equities research analysts forecast that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were given a dividend of $0.9125 per share. This represents a $3.65 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, September 26th. Ralph Lauren’s dividend payout ratio is 26.98%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on RL shares. Cowen reaffirmed a “buy” rating on shares of Ralph Lauren in a research note on Tuesday, September 30th. TD Cowen boosted their price target on Ralph Lauren from $354.00 to $399.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. BTIG Research began coverage on Ralph Lauren in a research note on Tuesday, October 14th. They set a “buy” rating and a $400.00 price objective on the stock. Wells Fargo & Company upped their price objective on shares of Ralph Lauren from $320.00 to $345.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ralph Lauren in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $347.13.

Ralph Lauren Company 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.