Bryce Point Capital LLC Purchases Shares of 3,386 Ralph Lauren Corporation $RL

Bryce Point Capital LLC acquired a new position in Ralph Lauren Corporation (NYSE:RL) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,386 shares of the textile maker’s stock, valued at approximately $929,000. Ralph Lauren accounts for about 0.8% of Bryce Point Capital LLC’s portfolio, making the stock its 23rd largest holding.

A number of other large investors have also modified their holdings of RL. Cambridge Investment Research Advisors Inc. raised its position in shares of Ralph Lauren by 10.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,158 shares of the textile maker’s stock worth $476,000 after acquiring an additional 197 shares during the period. Calamos Advisors LLC acquired a new position in shares of Ralph Lauren in the first quarter worth about $801,000. World Investment Advisors acquired a new position in shares of Ralph Lauren in the first quarter worth about $245,000. 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 worth $52,421,000 after acquiring an additional 17,732 shares during the period. Finally, TD Private Client Wealth LLC raised its position in shares of Ralph Lauren by 20.4% during the 1st quarter. TD Private Client Wealth LLC now owns 537 shares of the textile maker’s stock worth $119,000 after purchasing an additional 91 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

Ralph Lauren stock opened at $314.63 on Tuesday. The firm has a 50 day simple moving average of $316.60 and a 200-day simple moving average of $287.95. Ralph Lauren Corporation has a 1-year low of $176.61 and a 1-year high of $341.90. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.84 and a quick ratio of 1.30. The stock has a market cap of $19.06 billion, a price-to-earnings ratio of 25.13, a price-to-earnings-growth ratio of 1.63 and a beta of 1.61.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, August 7th. The textile maker reported $3.77 earnings per share 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 business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the prior year, the company posted $2.70 EPS. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, analysts expect that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were given a dividend of $0.9125 per share. The ex-dividend date of this dividend was Friday, September 26th. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.2%. Ralph Lauren’s dividend payout ratio (DPR) is presently 29.15%.

Wall Street Analyst Weigh In

RL has been the subject of several research analyst reports. Evercore ISI upped their price target on shares of Ralph Lauren from $340.00 to $375.00 and gave the stock an “outperform” rating in a research report on Monday. TD Cowen upped their price target on shares of Ralph Lauren from $354.00 to $399.00 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. Telsey Advisory Group reiterated an “outperform” rating and issued a $350.00 price objective on shares of Ralph Lauren in a report on Thursday, October 30th. Needham & Company LLC increased their price objective on shares of Ralph Lauren from $335.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 12th. Finally, UBS Group increased their price objective on shares of Ralph Lauren from $404.00 to $421.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $338.47.

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.