RBF Capital LLC Boosts Stake in Ralph Lauren Corporation $RL

RBF Capital LLC boosted its holdings in Ralph Lauren Corporation (NYSE:RLFree Report) by 14.5% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,453 shares of the textile maker’s stock after acquiring an additional 1,453 shares during the quarter. RBF Capital LLC’s holdings in Ralph Lauren were worth $3,940,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of RL. Orion Porfolio Solutions LLC grew its holdings in shares of Ralph Lauren by 8,937.8% during the second quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock worth $264,225,000 after purchasing an additional 952,681 shares in the last quarter. Invesco Ltd. increased its position in shares of Ralph Lauren by 26.2% in the fourth quarter. Invesco Ltd. now owns 1,324,018 shares of the textile maker’s stock worth $468,186,000 after purchasing an additional 275,263 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Ralph Lauren by 40.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 895,017 shares of the textile maker’s stock valued at $316,487,000 after purchasing an additional 255,511 shares in the last quarter. AQR Capital Management LLC raised its stake in Ralph Lauren by 38.6% in the fourth quarter. AQR Capital Management LLC now owns 881,360 shares of the textile maker’s stock valued at $311,658,000 after purchasing an additional 245,242 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in Ralph Lauren by 70.5% during the fourth quarter. First Trust Advisors LP now owns 586,225 shares of the textile maker’s stock valued at $207,295,000 after purchasing an additional 242,386 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on RL. BTIG Research reissued a “buy” rating and issued a $450.00 price target on shares of Ralph Lauren in a research note on Friday, May 22nd. Telsey Advisory Group raised their price objective on shares of Ralph Lauren from $435.00 to $460.00 and gave the company an “outperform” rating in a research report on Tuesday, June 23rd. Wall Street Zen raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Barclays upped their target price on shares of Ralph Lauren from $430.00 to $439.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Finally, Wells Fargo & Company increased their target price on Ralph Lauren from $415.00 to $425.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Fifteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $430.79.

Get Our Latest Report on Ralph Lauren

Ralph Lauren Stock Down 0.5%

Shares of NYSE RL opened at $375.76 on Thursday. The stock has a market capitalization of $22.37 billion, a P/E ratio of 24.87, a PEG ratio of 1.87 and a beta of 1.34. Ralph Lauren Corporation has a one year low of $273.04 and a one year high of $421.60. The firm’s 50 day simple moving average is $387.07 and its two-hundred day simple moving average is $367.42. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.13 and a quick ratio of 1.57.

Ralph Lauren (NYSE:RLGet Free Report) last announced its quarterly earnings data on Thursday, May 21st. The textile maker reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.28. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period in the previous year, the business posted $2.27 EPS. The business’s quarterly revenue was up 16.6% on a year-over-year basis. As a group, analysts expect that Ralph Lauren Corporation will post 18.33 EPS for the current fiscal year.

Ralph Lauren Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were paid a $1.00 dividend. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.91. This represents a $4.00 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, June 26th. Ralph Lauren’s payout ratio is presently 26.47%.

Ralph Lauren Profile

(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.

See Also

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

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