Fox Run Management L.L.C. Boosts Stock Holdings in Ralph Lauren Corporation $RL

Fox Run Management L.L.C. lifted its holdings in Ralph Lauren Corporation (NYSE:RL) by 388.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,443 shares of the textile maker’s stock after acquiring an additional 12,280 shares during the period. Ralph Lauren accounts for approximately 0.7% of Fox Run Management L.L.C.’s holdings, making the stock its 2nd biggest holding. Fox Run Management L.L.C.’s holdings in Ralph Lauren were worth $4,236,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. raised its position in Ralph Lauren by 1,228.6% during the second quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 86 shares during the period. Banque Transatlantique SA purchased a new position in shares of Ralph Lauren in the 1st quarter worth approximately $33,000. Brooklyn Investment Group increased its position in shares of Ralph Lauren by 180.3% during the 1st quarter. Brooklyn Investment Group now owns 171 shares of the textile maker’s stock valued at $38,000 after purchasing an additional 110 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Ralph Lauren during the 1st quarter valued at approximately $39,000. Finally, First Horizon Advisors Inc. raised its holdings in Ralph Lauren by 69.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 151 shares of the textile maker’s stock valued at $41,000 after buying an additional 62 shares during the period. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Up 3.2%

Shares of Ralph Lauren stock opened at $324.98 on Friday. The stock has a market cap of $19.69 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 1.63 and a beta of 1.61. The firm’s 50-day moving average is $318.27 and its two-hundred day moving average is $289.90. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.84 and a quick ratio of 1.30. Ralph Lauren Corporation has a 1 year low of $176.61 and a 1 year high of $341.90.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, November 6th. The textile maker reported $3.79 earnings per share for the quarter, topping analysts’ consensus estimates of $3.45 by $0.34. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.88 billion. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.Ralph Lauren’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.54 earnings per share. As a group, research analysts expect that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were paid a $0.9125 dividend. This represents a $3.65 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, September 26th. Ralph Lauren’s payout ratio is 29.15%.

Analysts Set New Price Targets

Several research analysts have commented on RL shares. Wall Street Zen raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Needham & Company LLC raised their target price on shares of Ralph Lauren from $335.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Cowen reaffirmed a “buy” rating on shares of Ralph Lauren in a research note on Tuesday, September 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ralph Lauren in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Ralph Lauren from $423.00 to $430.00 and gave the stock an “overweight” rating in a research report on Friday, September 26th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $347.13.

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.