Capricorn Fund Managers Ltd Takes $8.50 Million Position in Ralph Lauren Corporation $RL

Capricorn Fund Managers Ltd acquired a new stake in Ralph Lauren Corporation (NYSE:RL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,000 shares of the textile maker’s stock, valued at approximately $8,503,000. Ralph Lauren accounts for about 4.0% of Capricorn Fund Managers Ltd’s investment portfolio, making the stock its 5th biggest position.

Other large investors also recently modified their holdings of the company. OMNI 360 Wealth Inc. bought a new position in shares of Ralph Lauren in the first quarter valued at about $248,000. Crossmark Global Holdings Inc. raised its position in shares of Ralph Lauren by 13.5% in the first quarter. Crossmark Global Holdings Inc. now owns 22,590 shares of the textile maker’s stock valued at $4,987,000 after purchasing an additional 2,684 shares during the period. Truist Financial Corp raised its position in shares of Ralph Lauren by 7.8% in the first quarter. Truist Financial Corp now owns 300,837 shares of the textile maker’s stock valued at $66,407,000 after purchasing an additional 21,681 shares during the period. BNP Paribas Financial Markets raised its position in shares of Ralph Lauren by 31.5% in the first quarter. BNP Paribas Financial Markets now owns 171,141 shares of the textile maker’s stock valued at $37,778,000 after purchasing an additional 40,977 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Ralph Lauren by 8.1% in the first quarter. Envestnet Asset Management Inc. now owns 237,479 shares of the textile maker’s stock valued at $52,421,000 after purchasing an additional 17,732 shares during the period. 67.91% of the stock is owned by institutional investors.

Ralph Lauren Price Performance

RL stock opened at $322.06 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.84 and a debt-to-equity ratio of 0.58. Ralph Lauren Corporation has a 12 month low of $176.61 and a 12 month high of $325.81. The firm has a market cap of $19.51 billion, a P/E ratio of 25.72, a P/E/G ratio of 1.63 and a beta of 1.61. The company’s 50-day moving average price is $303.22 and its two-hundred day moving average price is $269.79.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, August 7th. The textile maker reported $3.77 EPS for the quarter, beating the consensus estimate of $3.50 by $0.27. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the firm earned $2.70 EPS. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. On average, analysts anticipate that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be issued a $0.9125 dividend. This represents a $3.65 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, September 26th. Ralph Lauren’s dividend payout ratio (DPR) is currently 29.15%.

Wall Street Analyst Weigh In

RL has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ralph Lauren in a research report on Saturday, September 27th. Needham & Company LLC raised their price target on shares of Ralph Lauren from $335.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Cfra Research raised shares of Ralph Lauren from a “moderate sell” rating to a “hold” rating in a research report on Monday, August 11th. Zacks Research raised shares of Ralph Lauren to a “strong-buy” rating in a research report on Tuesday, August 12th. Finally, Evercore ISI raised their price target on shares of Ralph Lauren from $320.00 to $335.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ralph Lauren has a consensus rating of “Moderate Buy” and a consensus price target of $320.53.

About Ralph Lauren

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.