2,000 Shares in Ralph Lauren Corporation $RL Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in Ralph Lauren Corporation (NYSE:RL) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,000 shares of the textile maker’s stock, valued at approximately $688,000.

Several other institutional investors have also modified their holdings of RL. Blueline Advisors LLC bought a new position in shares of Ralph Lauren during the 4th quarter valued at approximately $27,000. JPL Wealth Management LLC purchased a new position in shares of Ralph Lauren during the 3rd quarter worth about $27,000. CYBER HORNET ETFs LLC bought a new stake in Ralph Lauren in the second quarter worth about $28,000. Aventura Private Wealth LLC purchased a new position in shares of Ralph Lauren during the fourth quarter valued at approximately $29,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Ralph Lauren in the second quarter worth approximately $32,000. 67.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on RL shares. Weiss Ratings downgraded shares of Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 15th. Wall Street Zen upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Research lowered shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Needham & Company LLC reissued a “buy” rating and issued a $400.00 price objective on shares of Ralph Lauren in a research note on Thursday, May 21st. Finally, Citigroup raised Ralph Lauren from a “neutral” rating to a “buy” rating and lifted their target price for the company from $360.00 to $400.00 in a research report on Tuesday, March 24th. Fifteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Ralph Lauren presently has an average rating of “Moderate Buy” and a consensus price target of $430.07.

Ralph Lauren Stock Up 0.2%

RL stock traded up $0.73 during trading on Tuesday, hitting $397.05. 23,451 shares of the company’s stock traded hands, compared to its average volume of 655,489. The firm has a market capitalization of $23.63 billion, a P/E ratio of 26.28, a PEG ratio of 1.98 and a beta of 1.34. Ralph Lauren Corporation has a 1 year low of $273.04 and a 1 year high of $421.60. The company has a quick ratio of 1.57, a current ratio of 2.13 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $376.06 and a two-hundred day simple moving average of $365.12.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.28. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.The business’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.27 EPS. Sell-side analysts anticipate that Ralph Lauren Corporation will post 18.33 EPS for the current year.

Ralph Lauren Increases Dividend

The company also recently declared 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 of this dividend is Friday, June 26th. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.91. This represents a $4.00 annualized dividend and a dividend yield of 1.0%. Ralph Lauren’s payout ratio is currently 26.47%.

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.