Whalen Wealth Management Inc. Purchases New Holdings in Ralph Lauren Corporation $RL

Whalen Wealth Management Inc. acquired a new position in Ralph Lauren Corporation (NYSE:RL) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 1,552 shares of the textile maker’s stock, valued at approximately $487,000.

Other institutional investors have also recently bought and sold shares of the company. Kovitz Investment Group Partners LLC boosted its holdings in shares of Ralph Lauren by 76.8% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 2,229 shares of the textile maker’s stock worth $492,000 after buying an additional 968 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of Ralph Lauren by 4.0% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 12,708 shares of the textile maker’s stock worth $2,805,000 after purchasing an additional 484 shares during the last quarter. Cresset Asset Management LLC raised its holdings in shares of Ralph Lauren by 23.1% in the 1st quarter. Cresset Asset Management LLC now owns 2,978 shares of the textile maker’s stock worth $660,000 after purchasing an additional 558 shares during the period. Raymond James Financial Inc. lifted its stake in Ralph Lauren by 11.1% in the first quarter. Raymond James Financial Inc. now owns 81,043 shares of the textile maker’s stock valued at $17,890,000 after purchasing an additional 8,102 shares during the last quarter. Finally, Brooklyn Investment Group increased its position in Ralph Lauren by 180.3% in the first quarter. Brooklyn Investment Group now owns 171 shares of the textile maker’s stock worth $38,000 after buying an additional 110 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Price Performance

RL stock opened at $370.18 on Friday. The firm has a market cap of $22.45 billion, a P/E ratio of 27.36, a P/E/G ratio of 1.77 and a beta of 1.52. The firm’s fifty day moving average is $340.94 and its 200 day moving average is $310.07. Ralph Lauren Corporation has a 52 week low of $176.61 and a 52 week high of $380.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.35 and a current ratio of 2.04.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, November 6th. The textile maker reported $3.79 earnings per share for the quarter, topping the consensus estimate of $3.45 by $0.34. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.88 billion. Ralph Lauren had a net margin of 11.28% and a return on equity of 36.18%. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.54 earnings per share. Research analysts predict that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 26th will be paid a dividend of $0.9125 per share. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, December 26th. Ralph Lauren’s dividend payout ratio is 26.98%.

Wall Street Analyst Weigh In

RL has been the subject of several research reports. Zacks Research downgraded Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 8th. TD Cowen boosted their price target on shares of Ralph Lauren from $354.00 to $399.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Wall Street Zen raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Ralph Lauren in a report on Wednesday, October 8th. Finally, Guggenheim began coverage on Ralph Lauren in a report on Tuesday, December 9th. They set a “neutral” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $357.44.

Ralph Lauren 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.