Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna Grows Stock Position in Ralph Lauren Corporation $RL

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna grew its position in Ralph Lauren Corporation (NYSE:RL) by 7,706.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,342 shares of the textile maker’s stock after acquiring an additional 2,312 shares during the quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna’s holdings in Ralph Lauren were worth $828,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in RL. Orion Porfolio Solutions LLC lifted its position in Ralph Lauren by 8,937.8% during the second quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock worth $264,225,000 after buying an additional 952,681 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Ralph Lauren by 40.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 895,017 shares of the textile maker’s stock worth $316,487,000 after buying an additional 255,511 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in Ralph Lauren during the third quarter worth approximately $74,841,000. Two Sigma Investments LP lifted its position in Ralph Lauren by 137.1% during the third quarter. Two Sigma Investments LP now owns 362,022 shares of the textile maker’s stock worth $113,516,000 after buying an additional 209,330 shares in the last quarter. Finally, Norges Bank purchased a new position in Ralph Lauren during the fourth quarter worth approximately $73,511,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Price Performance

RL stock opened at $366.58 on Friday. The business has a fifty day moving average of $360.03 and a two-hundred day moving average of $358.35. 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 stock has a market cap of $21.82 billion, a price-to-earnings ratio of 24.26, a price-to-earnings-growth ratio of 1.82 and a beta of 1.35. Ralph Lauren Corporation has a 52-week low of $258.13 and a 52-week high of $393.41.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.28. The company had revenue of $1.98 billion during 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 firm’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.27 earnings per share. As a group, research analysts anticipate that Ralph Lauren Corporation will post 18.29 earnings per share for the current year.

Ralph Lauren Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.1%. 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. Ralph Lauren’s dividend payout ratio is currently 24.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Zacks Research downgraded Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. UBS Group lifted their price objective on Ralph Lauren from $480.00 to $511.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. BTIG Research reiterated a “buy” rating and set a $450.00 price objective on shares of Ralph Lauren in a research report on Friday, May 22nd. Bank of America increased their price objective on Ralph Lauren from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Finally, Barclays raised their target price on Ralph Lauren from $430.00 to $439.00 and gave the stock an “overweight” rating in a research note on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $428.29.

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.