Sellaronda Global Management LP Takes $16.34 Million Position in Ralph Lauren Corporation $RL

Sellaronda Global Management LP acquired a new stake in Ralph Lauren Corporation (NYSE:RL) in the 1st quarter, Holdings Channel.com reports. The firm acquired 47,500 shares of the textile maker’s stock, valued at approximately $16,340,000. Ralph Lauren accounts for 10.7% of Sellaronda Global Management LP’s investment portfolio, making the stock its 6th biggest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blueline Advisors LLC purchased a new position in Ralph Lauren in the fourth quarter valued at about $27,000. JPL Wealth Management LLC purchased a new stake in shares of Ralph Lauren during the 3rd quarter worth approximately $27,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Ralph Lauren in the 4th quarter worth approximately $35,000. Elevated Capital Advisors LLC purchased a new position in Ralph Lauren in the 4th quarter valued at approximately $35,000. Finally, CYBER HORNET ETFs LLC purchased a new position in Ralph Lauren in the 2nd quarter valued at approximately $28,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $400.00 target price on shares of Ralph Lauren in a research report on Thursday, May 21st. Bank of America raised their price target on Ralph Lauren from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Telsey Advisory Group lifted their price target on Ralph Lauren from $435.00 to $460.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 23rd. Barclays boosted their price objective 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, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $437.00 target price on shares of Ralph Lauren in a report on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $430.79.

Ralph Lauren Price Performance

Shares of NYSE:RL opened at $371.28 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.57 and a current ratio of 2.13. The business’s fifty day moving average price is $383.02 and its two-hundred day moving average price is $367.00. The stock has a market cap of $22.10 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 1.92 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.

Ralph Lauren (NYSE:RL) last released 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. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the previous year, the firm posted $2.27 earnings per share. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, analysts forecast that Ralph Lauren Corporation will post 18.33 EPS for the current fiscal year.

Ralph Lauren Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were issued a $1.00 dividend. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.91. The ex-dividend date was Friday, June 26th. This represents a $4.00 dividend on an annualized basis and a yield of 1.1%. Ralph Lauren’s payout ratio is currently 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.