Signal Advisors Wealth LLC Raises Stock Position in Ralph Lauren Corporation $RL

Signal Advisors Wealth LLC increased its position in shares of Ralph Lauren Corporation (NYSE:RL) by 589.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,459 shares of the textile maker’s stock after acquiring an additional 3,812 shares during the period. Signal Advisors Wealth LLC’s holdings in Ralph Lauren were worth $1,534,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of RL. Blueline Advisors LLC purchased a new position in shares of Ralph Lauren during the 4th quarter valued at $27,000. JPL Wealth Management LLC bought a new stake in Ralph Lauren during the third quarter valued at $27,000. CYBER HORNET ETFs LLC bought a new stake in Ralph Lauren during the second quarter valued at $28,000. Aventura Private Wealth LLC purchased a new position in Ralph Lauren during the fourth quarter worth about $29,000. Finally, MUFG Securities EMEA plc purchased a new position in Ralph Lauren during the second quarter worth about $32,000. 67.91% of the stock is owned by institutional investors.

Ralph Lauren Stock Performance

NYSE RL opened at $407.10 on Wednesday. The firm has a market cap of $24.23 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 2.04 and a beta of 1.35. Ralph Lauren Corporation has a 12-month low of $266.20 and a 12-month high of $421.60. The company has a 50-day simple moving average of $371.53 and a two-hundred day simple moving average of $362.65. The company has a quick ratio of 1.57, a current ratio of 2.13 and a debt-to-equity ratio of 0.51.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.28. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the prior year, the company posted $2.27 EPS. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities analysts forecast that Ralph Lauren Corporation will post 18.33 EPS for the current year.

Ralph Lauren Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be given a dividend of $1.00 per share. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.91. This represents a $4.00 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, June 26th. Ralph Lauren’s dividend payout ratio is presently 24.16%.

Wall Street Analyst Weigh In

Several analysts have weighed in on RL shares. Wells Fargo & Company raised their price target on Ralph Lauren from $400.00 to $415.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. BTIG Research reaffirmed a “buy” rating and issued a $450.00 target price on shares of Ralph Lauren in a research note on Friday, May 22nd. Weiss Ratings lowered shares of Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 15th. UBS Group boosted their price target on shares of Ralph Lauren from $480.00 to $511.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $400.00 price target on shares of Ralph Lauren in a report on Thursday, May 21st. Fifteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $430.07.

About Ralph Lauren

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.