Good Life Advisors LLC Makes New $345,000 Investment in Ralph Lauren Corporation $RL

Good Life Advisors LLC acquired a new stake in Ralph Lauren Corporation (NYSE:RL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,258 shares of the textile maker’s stock, valued at approximately $345,000.

A number of other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets grew its holdings in Ralph Lauren by 31.5% during the first quarter. BNP Paribas Financial Markets now owns 171,141 shares of the textile maker’s stock worth $37,778,000 after buying an additional 40,977 shares in the last quarter. Jump Financial LLC grew its stake in shares of Ralph Lauren by 8,741.2% in the 1st quarter. Jump Financial LLC now owns 123,600 shares of the textile maker’s stock worth $27,283,000 after acquiring an additional 122,202 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of Ralph Lauren in the second quarter valued at about $286,000. Aberdeen Group plc lifted its position in shares of Ralph Lauren by 17.0% during the second quarter. Aberdeen Group plc now owns 7,508 shares of the textile maker’s stock valued at $2,059,000 after purchasing an additional 1,090 shares in the last quarter. Finally, WESPAC Advisors LLC purchased a new position in Ralph Lauren during the second quarter worth about $595,000. 67.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group boosted their target price on Ralph Lauren from $365.00 to $385.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Barclays upped their price objective on Ralph Lauren from $352.00 to $358.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Wells Fargo & Company raised their target price on Ralph Lauren from $320.00 to $345.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. JPMorgan Chase & Co. boosted their price target on shares of Ralph Lauren from $423.00 to $430.00 and gave the stock an “overweight” rating in a report on Friday, September 26th. Finally, Cowen restated a “buy” rating on shares of Ralph Lauren in a report on Tuesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $347.13.

Ralph Lauren Stock Down 0.4%

RL stock opened at $331.53 on Friday. The stock has a fifty day moving average of $320.67 and a 200-day moving average of $293.99. Ralph Lauren Corporation has a fifty-two week low of $176.61 and a fifty-two week high of $342.99. The company has a market capitalization of $20.08 billion, a price-to-earnings ratio of 26.48, 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.

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

Ralph Lauren Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were paid 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 payout ratio is currently 26.98%.

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.