Ralph Lauren Corporation $RL Shares Acquired by TD Asset Management Inc

TD Asset Management Inc increased its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 4.1% during the third quarter, HoldingsChannel reports. The fund owned 41,470 shares of the textile maker’s stock after buying an additional 1,634 shares during the period. TD Asset Management Inc’s holdings in Ralph Lauren were worth $13,003,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in shares of Ralph Lauren by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,014,880 shares of the textile maker’s stock worth $277,818,000 after purchasing an additional 15,785 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Ralph Lauren by 13.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,007,745 shares of the textile maker’s stock worth $276,407,000 after buying an additional 117,494 shares during the last quarter. Orion Porfolio Solutions LLC boosted its position in shares of Ralph Lauren by 8,937.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock worth $264,225,000 after buying an additional 952,681 shares in the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of Ralph Lauren by 26.2% in the second quarter. Qube Research & Technologies Ltd now owns 843,321 shares of the textile maker’s stock valued at $231,306,000 after purchasing an additional 174,847 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Ralph Lauren by 5.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 756,203 shares of the textile maker’s stock worth $207,417,000 after purchasing an additional 36,328 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Price Performance

Shares of NYSE RL opened at $362.09 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.10 and a quick ratio of 1.52. Ralph Lauren Corporation has a 1-year low of $176.61 and a 1-year high of $389.15. The business has a 50-day moving average of $362.44 and a 200-day moving average of $338.89. The company has a market capitalization of $21.92 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 1.41 and a beta of 1.47.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, February 5th. The textile maker reported $6.22 EPS for the quarter, topping analysts’ consensus estimates of $5.80 by $0.42. Ralph Lauren had a net margin of 11.73% and a return on equity of 37.97%. The business had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same period in the previous year, the company posted $4.82 earnings per share. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, equities analysts anticipate that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were given a $0.9125 dividend. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, December 26th. Ralph Lauren’s dividend payout ratio is presently 24.85%.

Insider Buying and Selling

In other Ralph Lauren news, CEO Patrice Louvet sold 47,000 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $354.22, for a total transaction of $16,648,340.00. Following the completion of the transaction, the chief executive officer directly owned 85,552 shares of the company’s stock, valued at $30,304,229.44. This trade represents a 35.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 38.34% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have issued reports on RL. BTIG Research raised their price target on shares of Ralph Lauren from $400.00 to $435.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Wells Fargo & Company upped their price objective on shares of Ralph Lauren from $385.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $435.00 target price on shares of Ralph Lauren in a research note on Thursday, February 5th. Deutsche Bank Aktiengesellschaft set a $422.00 price target on Ralph Lauren in a research note on Thursday, January 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ralph Lauren in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $388.19.

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.