Signal Advisors Wealth LLC Buys 1,551 Shares of Ralph Lauren Corporation $RL

Signal Advisors Wealth LLC increased its stake in shares of Ralph Lauren Corporation (NYSE:RL) by 23.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 8,046 shares of the textile maker’s stock after buying an additional 1,551 shares during the quarter. Signal Advisors Wealth LLC’s holdings in Ralph Lauren were worth $2,857,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. First Trust Advisors LP boosted its stake in Ralph Lauren by 20.0% in the first quarter. First Trust Advisors LP now owns 703,637 shares of the textile maker’s stock valued at $242,044,000 after acquiring an additional 117,412 shares during the last quarter. Jennison Associates LLC grew its position in shares of Ralph Lauren by 6.4% during the 1st quarter. Jennison Associates LLC now owns 593,537 shares of the textile maker’s stock valued at $204,171,000 after acquiring an additional 35,525 shares during the period. Wellington Management Group LLP grew its position in shares of Ralph Lauren by 55.5% during the 2nd quarter. Wellington Management Group LLP now owns 476,472 shares of the textile maker’s stock valued at $191,261,000 after acquiring an additional 170,091 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Ralph Lauren by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 423,283 shares of the textile maker’s stock worth $145,550,000 after purchasing an additional 5,107 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Ralph Lauren by 65.7% during the 1st quarter. Bank of New York Mellon Corp now owns 415,919 shares of the textile maker’s stock worth $143,072,000 after purchasing an additional 164,965 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Weiss Ratings cut shares of Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, August 26th. UBS Group increased their price objective on Ralph Lauren from $511.00 to $520.00 and gave the company a “buy” rating in a report on Friday, August 7th. JPMorgan Chase & Co. raised their target price on Ralph Lauren from $434.00 to $452.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. BTIG Research boosted their target price on Ralph Lauren from $450.00 to $460.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Evercore reaffirmed an “outperform” rating and set a $460.00 price target on shares of Ralph Lauren in a research report on Friday, August 7th. Fifteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $449.00.

Ralph Lauren Price Performance

Shares of NYSE:RL opened at $375.73 on Thursday. The company has a quick ratio of 1.42, a current ratio of 2.04 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $22.39 billion, a PE ratio of 23.68, a P/E/G ratio of 1.40 and a beta of 1.34. Ralph Lauren Corporation has a twelve month low of $306.55 and a twelve month high of $421.60. The company has a 50-day moving average price of $360.82 and a two-hundred day moving average price of $369.86.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, August 6th. The textile maker reported $4.59 earnings per share for the quarter, topping the consensus estimate of $4.32 by $0.27. Ralph Lauren had a net margin of 11.76% and a return on equity of 39.10%. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the company earned $3.77 earnings per share. The company’s revenue was up 13.9% on a year-over-year basis. Equities analysts forecast that Ralph Lauren Corporation will post 18.79 EPS for the current year.

Ralph Lauren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Friday, September 25th were issued a $1.00 dividend. The ex-dividend date of this dividend was Friday, September 25th. This represents a $4.00 annualized dividend and a yield of 1.1%. Ralph Lauren’s dividend payout ratio (DPR) is 25.20%.

About Ralph Lauren

Ralph Lauren Corporation (NYSE:RL) is a global lifestyle company that designs, markets, and distributes apparel, accessories, home furnishings, fragrances, and related products. Its portfolio includes the Ralph Lauren, Polo Ralph Lauren, Lauren Ralph Lauren, Purple Label, Double RL, and other brands, which offer products across men’s, women’s, and children’s categories.

The company sells its products through company-operated stores, e-commerce platforms, department stores, specialty retailers, and selected third-party distributors.