Polymer Capital Management HK LTD Lowers Stock Holdings in Ralph Lauren Corporation $RL

Polymer Capital Management HK LTD reduced its stake in Ralph Lauren Corporation (NYSE:RLFree Report) by 31.5% during the 4th quarter, HoldingsChannel reports. The firm owned 12,233 shares of the textile maker’s stock after selling 5,614 shares during the period. Polymer Capital Management HK LTD’s holdings in Ralph Lauren were worth $4,326,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of RL. JPL Wealth Management LLC purchased a new position in shares of Ralph Lauren in the 3rd quarter valued at approximately $27,000. Blueline Advisors LLC purchased a new stake in shares of Ralph Lauren in the fourth quarter valued at approximately $27,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Ralph Lauren in the second quarter valued at approximately $28,000. Aventura Private Wealth LLC purchased a new stake in shares of Ralph Lauren in the fourth quarter valued at approximately $29,000. Finally, Rothschild Investment LLC boosted its stake in shares of Ralph Lauren by 61.3% in the third quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock valued at $31,000 after buying an additional 38 shares in the last quarter. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Ralph Lauren Stock Up 2.6%

RL opened at $403.53 on Friday. The business’s fifty day moving average is $365.11 and its two-hundred day moving average is $360.37. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.57 and a current ratio of 2.13. The company has a market cap of $24.02 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 1.95 and a beta of 1.35. Ralph Lauren Corporation has a one year low of $258.13 and a one year high of $405.49.

Ralph Lauren (NYSE:RLGet Free Report) last posted its earnings results on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.28. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.85 billion. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.Ralph Lauren’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.27 earnings per share. Analysts anticipate that Ralph Lauren Corporation will post 18.33 EPS for the current fiscal 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 given a dividend of $1.00 per share. The ex-dividend date is Friday, June 26th. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.91. This represents a $4.00 dividend on an annualized basis and a yield of 1.0%. Ralph Lauren’s dividend payout ratio (DPR) is presently 24.16%.

Analyst Ratings Changes

RL has been the topic of a number of analyst reports. Bank of America lifted their price target on Ralph Lauren from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $437.00 price target on shares of Ralph Lauren in a research note on Friday, May 22nd. Barclays lifted their price target on Ralph Lauren from $430.00 to $439.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. UBS Group lifted their price target on Ralph Lauren from $480.00 to $511.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $400.00 price target on shares of Ralph Lauren in a research note on Thursday, May 21st. Fifteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Ralph Lauren currently has a consensus rating of “Moderate Buy” and an average price target of $428.29.

Read Our Latest Stock Report on Ralph Lauren

About Ralph Lauren

(Free Report)

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.

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Institutional Ownership by Quarter for Ralph Lauren (NYSE:RL)

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