Fox Run Management L.L.C. Buys 6,537 Shares of Ralph Lauren Corporation $RL

Fox Run Management L.L.C. grew its stake in Ralph Lauren Corporation (NYSE:RL) by 517.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,800 shares of the textile maker’s stock after purchasing an additional 6,537 shares during the quarter. Ralph Lauren makes up 0.4% of Fox Run Management L.L.C.’s holdings, making the stock its 6th biggest position. Fox Run Management L.L.C.’s holdings in Ralph Lauren were worth $2,758,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blueline Advisors LLC purchased a new position in shares of Ralph Lauren in the fourth quarter worth about $27,000. Aventura Private Wealth LLC purchased a new position in shares of Ralph Lauren in the fourth quarter worth about $29,000. JPL Wealth Management LLC purchased a new position in shares of Ralph Lauren in the third quarter worth about $27,000. Rothschild Investment LLC lifted 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 worth $31,000 after buying an additional 38 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Ralph Lauren in the fourth quarter worth about $35,000. 67.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Ralph Lauren from $400.00 to $415.00 and gave the stock an “overweight” rating in a research note on Friday, May 22nd. Barclays raised their price target on shares of Ralph Lauren from $430.00 to $439.00 and gave the stock an “overweight” rating in a research note on Friday, May 22nd. 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. Citigroup raised shares of Ralph Lauren from a “neutral” rating to a “buy” rating and raised their price target for the stock from $360.00 to $400.00 in a research note on Tuesday, March 24th. Finally, UBS Group raised their price target on shares of Ralph Lauren from $480.00 to $511.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Fifteen 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $428.29.

Ralph Lauren Stock Up 2.0%

Shares of NYSE RL opened at $373.71 on Tuesday. The company has a 50 day simple moving average of $360.83 and a 200-day simple moving average of $358.91. The company has a market capitalization of $22.24 billion, a P/E ratio of 24.73, a P/E/G ratio of 1.82 and a beta of 1.35. 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 Corporation has a 1 year low of $258.13 and a 1 year high of $393.41.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.28. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.85 billion. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The business’s revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.27 EPS. On average, equities research analysts predict that Ralph Lauren Corporation will post 18.29 earnings per share for the current year.

Ralph Lauren Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be issued a dividend of $1.00 per share. The ex-dividend date is Friday, June 26th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.91. Ralph Lauren’s payout ratio is 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.