3,470 Shares in Ralph Lauren Co. (NYSE:RL) Acquired by Intrua Financial LLC

Posted by Defense World Staff on Mar 30th, 2023

Intrua Financial LLC bought a new position in shares of Ralph Lauren Co. (NYSE:RL – Get Rating) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,470 shares of the textile maker’s stock, valued at approximately $407,000.

Several other large investors have also added to or reduced their stakes in RL. Abeille Asset Management SA bought a new position in Ralph Lauren in the fourth quarter worth approximately $8,454,000. Maryland State Retirement & Pension System bought a new position in Ralph Lauren in the fourth quarter worth approximately $347,000. Ronald Blue Trust Inc. boosted its holdings in Ralph Lauren by 125.5% in the fourth quarter. Ronald Blue Trust Inc. now owns 433 shares of the textile maker’s stock worth $36,000 after acquiring an additional 241 shares in the last quarter. Trinity Street Asset Management LLP boosted its holdings in Ralph Lauren by 19.0% in the fourth quarter. Trinity Street Asset Management LLP now owns 112,717 shares of the textile maker’s stock worth $11,910,000 after acquiring an additional 17,990 shares in the last quarter. Finally, Bank of New Hampshire boosted its holdings in Ralph Lauren by 13.1% in the fourth quarter. Bank of New Hampshire now owns 10,025 shares of the textile maker’s stock worth $1,059,000 after acquiring an additional 1,160 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Ralph Lauren Stock Performance

Shares of Ralph Lauren stock opened at $116.62 on Thursday. The business’s fifty day simple moving average is $118.59 and its 200 day simple moving average is $107.04. The firm has a market capitalization of $7.69 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 1.50 and a beta of 1.37. Ralph Lauren Co. has a 12 month low of $82.23 and a 12 month high of $128.94. The company has a current ratio of 2.08, a quick ratio of 1.37 and a debt-to-equity ratio of 0.59.

Ralph Lauren (NYSE:RL – Get Rating) last issued its quarterly earnings results on Thursday, February 9th. The textile maker reported $3.35 EPS for the quarter, topping analysts’ consensus estimates of $2.91 by $0.44. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.76 billion. Ralph Lauren had a return on equity of 22.88% and a net margin of 8.01%. Ralph Lauren’s quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the company posted $2.94 earnings per share. As a group, analysts anticipate that Ralph Lauren Co. will post 8.11 EPS for the current year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be issued a dividend of $0.75 per share. The ex-dividend date is Thursday, March 30th. This represents a $3.00 dividend on an annualized basis and a yield of 2.57%. Ralph Lauren’s dividend payout ratio (DPR) is currently 40.27%.

Insider Buying and Selling

In other Ralph Lauren news, CEO Patrice Louvet sold 18,500 shares of the firm’s stock in a transaction on Monday, January 23rd. The stock was sold at an average price of $125.00, for a total value of $2,312,500.00. Following the completion of the sale, the chief executive officer now directly owns 202,332 shares of the company’s stock, valued at $25,291,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 36.56% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Barclays upgraded Ralph Lauren from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $101.00 to $134.00 in a report on Friday, January 20th. Citigroup increased their price target on Ralph Lauren from $92.00 to $124.00 and gave the stock a “neutral” rating in a report on Thursday, February 2nd. Credit Suisse Group raised their target price on Ralph Lauren from $115.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, February 10th. Telsey Advisory Group restated an “outperform” rating and issued a $140.00 target price on shares of Ralph Lauren in a report on Thursday, February 9th. Finally, StockNews.com started coverage on Ralph Lauren in a report on Thursday, March 16th. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Ralph Lauren has an average rating of “Moderate Buy” and a consensus target price of $126.57.

Ralph Lauren Company Profile

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Ralph Lauren Corp. engages in the design, marketing, and distribution of premium lifestyle products. The firm offers apparel, accessories, home furnishings, and other licensed products. It operates through the following segments: North America, Europe, and Asia. The North America segment consists of sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company’s wholesale and retail businesses in the U.S.