Sagespring Wealth Partners LLC Purchases Shares of 762 Ralph Lauren Corporation $RL

Sagespring Wealth Partners LLC purchased a new stake in Ralph Lauren Corporation (NYSE:RL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 762 shares of the textile maker’s stock, valued at approximately $209,000.

Several other large investors have also recently added to or reduced their stakes in RL. Banque Transatlantique SA bought a new stake in shares of Ralph Lauren in the 1st quarter valued at approximately $33,000. Brooklyn Investment Group grew its stake in shares of Ralph Lauren by 180.3% in the 1st 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 period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Ralph Lauren in the 1st quarter valued at approximately $39,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Ralph Lauren in the 1st quarter valued at approximately $43,000. Finally, MRP Capital Investments LLC grew its stake in shares of Ralph Lauren by 175.0% in the 1st quarter. MRP Capital Investments LLC now owns 275 shares of the textile maker’s stock valued at $61,000 after purchasing an additional 175 shares during the period. Institutional investors and hedge funds own 67.91% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on RL. Telsey Advisory Group upped their price objective on Ralph Lauren from $335.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. TD Cowen upped their price objective on Ralph Lauren from $354.00 to $399.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. Zacks Research upgraded Ralph Lauren to a “strong-buy” rating in a research note on Tuesday, August 12th. Wells Fargo & Company increased their price target on Ralph Lauren from $320.00 to $345.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Finally, UBS Group increased their price target on Ralph Lauren from $385.00 to $404.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $333.94.

Ralph Lauren Stock Up 1.5%

Shares of RL opened at $327.94 on Friday. The firm has a market capitalization of $19.86 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 1.63 and a beta of 1.61. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.30 and a current ratio of 1.84. The business’s fifty day moving average price is $307.91 and its two-hundred day moving average price is $276.63. Ralph Lauren Corporation has a 52 week low of $176.61 and a 52 week high of $330.11.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, August 7th. The textile maker reported $3.77 EPS for the quarter, beating analysts’ consensus estimates of $3.50 by $0.27. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.65 billion. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the company earned $2.70 EPS. On average, analysts predict that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were given a $0.9125 dividend. This represents a $3.65 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, September 26th. Ralph Lauren’s dividend payout ratio (DPR) is presently 29.15%.

About Ralph Lauren

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.