Jennison Associates LLC Buys 35,525 Shares of Ralph Lauren Corporation $RL

Jennison Associates LLC lifted its stake in shares of Ralph Lauren Corporation (NYSE:RL) by 6.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 593,537 shares of the textile maker’s stock after buying an additional 35,525 shares during the period. Jennison Associates LLC’s holdings in Ralph Lauren were worth $204,171,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Ralph Lauren by 154.9% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 130 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 79 shares in the last quarter. Dorsey Wright & Associates boosted its holdings in Ralph Lauren by 126.1% during the 1st quarter. Dorsey Wright & Associates now owns 12,013 shares of the textile maker’s stock worth $4,132,000 after acquiring an additional 6,701 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of Ralph Lauren by 150.1% in the 1st quarter. California Public Employees Retirement System now owns 184,249 shares of the textile maker’s stock worth $63,380,000 after acquiring an additional 110,575 shares in the last quarter. Kera Capital Partners Inc. grew its stake in shares of Ralph Lauren by 2.5% in the 1st quarter. Kera Capital Partners Inc. now owns 2,831 shares of the textile maker’s stock worth $974,000 after acquiring an additional 69 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Ralph Lauren by 25.8% in the first quarter. Assetmark Inc. now owns 741 shares of the textile maker’s stock valued at $255,000 after purchasing an additional 152 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Barclays raised their price target on shares of Ralph Lauren from $430.00 to $439.00 and gave the company an “overweight” rating in a research report on Friday, May 22nd. Telsey Advisory Group upped their price objective on shares of Ralph Lauren from $435.00 to $460.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. UBS Group increased their price objective on shares of Ralph Lauren from $480.00 to $511.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $437.00 target price on shares of Ralph Lauren in a research report on Friday, May 22nd. Finally, BTIG Research restated a “buy” rating and issued a $450.00 target price on shares of Ralph Lauren 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 company. Based on data from MarketBeat.com, Ralph Lauren currently has a consensus rating of “Moderate Buy” and an average price target of $430.07.

Ralph Lauren Trading Down 1.9%

Shares of Ralph Lauren stock opened at $380.64 on Friday. The firm has a market cap of $22.66 billion, a PE ratio of 25.19, a P/E/G ratio of 1.89 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 debt-to-equity ratio of 0.51, a current ratio of 2.13 and a quick ratio of 1.57. The stock has a fifty day moving average price of $379.56 and a 200-day moving average price of $366.31.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results 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. The company had revenue of $1.98 billion for 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 firm’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.27 EPS. Equities research analysts anticipate that Ralph Lauren Corporation will post 18.33 EPS for the current year.

Ralph Lauren Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were given a $1.00 dividend. This is a positive change 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

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.