Silvant Capital Management LLC Invests $3.19 Million in Ralph Lauren Corporation $RL

Silvant Capital Management LLC acquired a new stake in shares of Ralph Lauren Corporation (NYSE:RL) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 10,166 shares of the textile maker’s stock, valued at approximately $3,188,000.

Other institutional investors also recently bought and sold shares of the company. Vestcor Inc boosted its position in Ralph Lauren by 94.7% during the 3rd quarter. Vestcor Inc now owns 2,513 shares of the textile maker’s stock valued at $788,000 after acquiring an additional 1,222 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Ralph Lauren by 53.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 38,444 shares of the textile maker’s stock worth $12,054,000 after acquiring an additional 13,376 shares in the last quarter. Jefferies Financial Group Inc. raised its position in shares of Ralph Lauren by 481.2% in the 3rd quarter. Jefferies Financial Group Inc. now owns 4,400 shares of the textile maker’s stock worth $1,380,000 after acquiring an additional 3,643 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in shares of Ralph Lauren by 78.4% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 4,417 shares of the textile maker’s stock worth $1,385,000 after purchasing an additional 1,941 shares during the last quarter. Finally, CreativeOne Wealth LLC bought a new stake in Ralph Lauren during the third quarter valued at about $1,229,000. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Stock Performance

Shares of RL stock opened at $346.23 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.10 and a quick ratio of 1.52. The business has a fifty day moving average of $361.04 and a 200 day moving average of $342.02. The firm has a market capitalization of $20.96 billion, a price-to-earnings ratio of 23.57, a price-to-earnings-growth ratio of 1.34 and a beta of 1.47. Ralph Lauren Corporation has a 1 year low of $176.61 and a 1 year high of $389.15.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, February 5th. The textile maker reported $6.22 earnings per share for the quarter, beating analysts’ consensus estimates of $5.80 by $0.42. The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.30 billion. Ralph Lauren had a return on equity of 37.97% and a net margin of 11.73%.The company’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the company earned $4.82 earnings per share. As a group, research analysts expect that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were given a dividend of $0.9125 per share. This represents a $3.65 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, December 26th. Ralph Lauren’s dividend payout ratio (DPR) is currently 24.85%.

Wall Street Analyst Weigh In

Several analysts have commented on RL shares. Weiss Ratings raised shares of Ralph Lauren from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Tuesday, March 3rd. Wells Fargo & Company upped their price target on Ralph Lauren from $385.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Jefferies Financial Group dropped their target price on Ralph Lauren from $425.00 to $410.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. BTIG Research upped their target price on Ralph Lauren from $400.00 to $435.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Finally, UBS Group reiterated a “buy” rating on shares of Ralph Lauren in a research note on Tuesday, March 3rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $389.06.

Insider Buying and Selling at Ralph Lauren

In other news, CEO Patrice Louvet sold 47,000 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $354.22, for a total value of $16,648,340.00. Following the completion of the transaction, the chief executive officer owned 85,552 shares of the company’s stock, valued at $30,304,229.44. The trade was a 35.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 38.34% of the company’s stock.

Ralph Lauren Company 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.