VMS Asset Management Limited bought a new stake in shares of Ralph Lauren Corporation (NYSE:RL – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 16,100 shares of the textile maker’s stock, valued at approximately $5,693,000. Ralph Lauren comprises approximately 2.2% of VMS Asset Management Limited’s investment portfolio, making the stock its 23rd biggest holding.
Several other large investors have also recently modified their holdings of the stock. Prudential PLC increased its position in shares of Ralph Lauren by 84.8% during the 4th quarter. Prudential PLC now owns 1,347 shares of the textile maker’s stock valued at $476,000 after purchasing an additional 618 shares during the last quarter. Vise Technologies Inc. boosted its holdings in Ralph Lauren by 18.1% during the 4th quarter. Vise Technologies Inc. now owns 1,096 shares of the textile maker’s stock valued at $388,000 after acquiring an additional 168 shares during the period. Daiwa Securities Group Inc. boosted its holdings in Ralph Lauren by 2.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 7,458 shares of the textile maker’s stock valued at $2,637,000 after acquiring an additional 180 shares during the period. Sivia Capital Partners LLC boosted its holdings in Ralph Lauren by 17.5% during the 4th quarter. Sivia Capital Partners LLC now owns 1,552 shares of the textile maker’s stock valued at $549,000 after acquiring an additional 231 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in Ralph Lauren by 71.4% during the 4th quarter. CIBC Asset Management Inc now owns 8,641 shares of the textile maker’s stock valued at $3,056,000 after acquiring an additional 3,601 shares during the period. Institutional investors own 67.91% of the company’s stock.
Wall Street Analysts Forecast Growth
RL has been the subject of a number of recent analyst reports. Zacks Research cut Ralph Lauren from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. BTIG Research restated a “buy” rating and set a $450.00 price objective on shares of Ralph Lauren in a report on Friday, May 22nd. Weiss Ratings cut Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 15th. Telsey Advisory Group restated an “outperform” rating and set a $435.00 price objective on shares of Ralph Lauren in a report on Thursday, February 5th. Finally, UBS Group boosted their price objective on Ralph Lauren from $480.00 to $511.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Ralph Lauren has an average rating of “Moderate Buy” and an average price target of $428.29.
Ralph Lauren Price Performance
RL opened at $366.47 on Friday. Ralph Lauren Corporation has a 52-week low of $258.13 and a 52-week high of $393.41. The stock has a market cap of $21.81 billion, a P/E ratio of 24.25, a PEG ratio of 1.79 and a beta of 1.35. The business has a fifty day moving average of $359.62 and a 200 day moving average of $358.30. The company has a quick ratio of 1.57, a current ratio of 2.13 and a debt-to-equity ratio of 0.51.
Ralph Lauren (NYSE:RL – Get Free Report) last issued its earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.28. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the prior year, the business earned $2.27 EPS. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ralph Lauren Corporation will post 18.29 EPS for the current year.
Ralph Lauren Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be issued a $1.00 dividend. The ex-dividend date is Friday, June 26th. This represents a $4.00 annualized dividend and a dividend yield of 1.1%. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.91. Ralph Lauren’s dividend payout ratio (DPR) is currently 24.16%.
About Ralph Lauren
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.
Featured Stories
- Five stocks we like better than Ralph Lauren
- Buy the Dip? Broadcom’s AI Moat Is Wider Than Ever
- The Great AI Server Rotation Puts Hewlett Packard Enterprise and Super Micro Computer in Focus
- Generac’s AI Power Pivot Raises a Bigger Question About Data Center Demand
- Medtronic Bottoms, Healthy Rebound Ahead
Want to see what other hedge funds are holding RL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ralph Lauren Corporation (NYSE:RL – Free Report).
Receive News & Ratings for Ralph Lauren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ralph Lauren and related companies with MarketBeat.com's FREE daily email newsletter.
