Modern Wealth Management LLC Makes New Investment in Ralph Lauren Co. (NYSE:RL)

Modern Wealth Management LLC acquired a new stake in Ralph Lauren Co. (NYSE:RL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 940 shares of the textile maker’s stock, valued at approximately $217,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of RL. Cerity Partners LLC lifted its position in Ralph Lauren by 70.3% in the third quarter. Cerity Partners LLC now owns 12,436 shares of the textile maker’s stock worth $2,411,000 after buying an additional 5,133 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in Ralph Lauren by 17.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 1,848 shares of the textile maker’s stock valued at $358,000 after purchasing an additional 278 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Ralph Lauren by 1.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 32,465 shares of the textile maker’s stock worth $6,294,000 after purchasing an additional 510 shares during the period. BNP Paribas Financial Markets lifted its stake in Ralph Lauren by 81.5% in the third quarter. BNP Paribas Financial Markets now owns 121,139 shares of the textile maker’s stock worth $23,485,000 after purchasing an additional 54,409 shares during the last quarter. Finally, Townsquare Capital LLC bought a new stake in Ralph Lauren in the third quarter worth about $331,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Trading Down 4.3 %

NYSE RL opened at $215.46 on Friday. The firm has a market cap of $13.31 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50. Ralph Lauren Co. has a 52 week low of $155.96 and a 52 week high of $289.33. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. The company has a 50 day moving average price of $251.01 and a 200 day moving average price of $225.77.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, topping analysts’ consensus estimates of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. As a group, sell-side analysts forecast that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, March 28th. Ralph Lauren’s payout ratio is currently 30.11%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. UBS Group increased their price target on Ralph Lauren from $332.00 to $348.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Raymond James downgraded Ralph Lauren from an “outperform” rating to a “market perform” rating in a report on Monday, January 27th. Jefferies Financial Group increased their price target on Ralph Lauren from $285.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Wells Fargo & Company lifted their price objective on Ralph Lauren from $225.00 to $275.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Finally, Cowen reaffirmed a “buy” rating on shares of Ralph Lauren in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Ralph Lauren presently has a consensus rating of “Moderate Buy” and a consensus target price of $284.62.

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.