Silvant Capital Management LLC Buys New Stake in Ralph Lauren Corporation $RL

Silvant Capital Management LLC purchased a new stake in shares of Ralph Lauren Corporation (NYSE:RL) during the 3rd quarter, HoldingsChannel reports. The firm purchased 10,166 shares of the textile maker’s stock, valued at approximately $3,188,000.

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

Insider Activity at Ralph Lauren

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on RL shares. UBS Group reaffirmed a “buy” rating on shares of Ralph Lauren in a research note on Tuesday, March 3rd. Zacks Research upgraded shares of Ralph Lauren from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. BTIG Research lifted their price objective on Ralph Lauren from $400.00 to $435.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Evercore set a $420.00 price objective on Ralph Lauren and gave the stock an “outperform” rating in a research note on Friday, February 6th. Finally, Barclays increased their target price on Ralph Lauren from $416.00 to $430.00 and gave the company an “overweight” rating in a report on Friday, March 6th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $389.06.

Ralph Lauren Trading Up 0.6%

RL opened at $346.23 on Wednesday. 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. The company’s 50 day simple moving average is $361.04 and its two-hundred day simple moving average is $342.02. Ralph Lauren Corporation has a 1-year low of $176.61 and a 1-year high of $389.15. 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 (NYSE:RL) last posted its quarterly earnings results on Thursday, February 5th. The textile maker reported $6.22 EPS for the quarter, beating the consensus estimate of $5.80 by $0.42. Ralph Lauren had a return on equity of 37.97% and a net margin of 11.73%.The firm had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter last year, the firm earned $4.82 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. Analysts expect that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

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

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.