2,864 Shares in Ralph Lauren Corporation $RL Purchased by Reflection Asset Management

Reflection Asset Management purchased a new position in Ralph Lauren Corporation (NYSE:RL) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 2,864 shares of the textile maker’s stock, valued at approximately $1,013,000.

Several other hedge funds also recently modified their holdings of the business. M&T Bank Corp raised its stake in shares of Ralph Lauren by 6,216.7% in the fourth quarter. M&T Bank Corp now owns 73,337 shares of the textile maker’s stock valued at $25,933,000 after purchasing an additional 72,176 shares in the last quarter. Vest Financial LLC lifted its position in Ralph Lauren by 177.9% in the fourth quarter. Vest Financial LLC now owns 54,701 shares of the textile maker’s stock worth $19,343,000 after purchasing an additional 35,016 shares during the period. Asset Management One Co. Ltd. boosted its stake in Ralph Lauren by 106.8% during the fourth quarter. Asset Management One Co. Ltd. now owns 63,180 shares of the textile maker’s stock worth $22,552,000 after buying an additional 32,622 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Ralph Lauren by 28.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 41,688 shares of the textile maker’s stock worth $14,741,000 after buying an additional 9,133 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in Ralph Lauren by 160.0% in the 3rd quarter. Citigroup Inc. now owns 88,617 shares of the textile maker’s stock valued at $27,787,000 after buying an additional 54,533 shares during the period. 67.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on RL shares. UBS Group increased their target price on Ralph Lauren from $480.00 to $511.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Weiss Ratings lowered Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 15th. Wells Fargo & Company increased their price objective on Ralph Lauren from $400.00 to $415.00 and gave the stock an “overweight” rating in a research note on Friday, May 22nd. Barclays lifted their price objective on Ralph Lauren from $430.00 to $439.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Finally, Citigroup upgraded shares of Ralph Lauren from a “neutral” rating to a “buy” rating and boosted their target price for the company from $360.00 to $400.00 in a research note on Tuesday, March 24th. Fifteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Ralph Lauren has an average rating of “Moderate Buy” and an average price target of $428.29.

Ralph Lauren Stock Down 0.0%

Shares of Ralph Lauren stock opened at $412.93 on Friday. The business has a fifty day simple moving average of $370.49 and a 200 day simple moving average of $361.95. The stock has a market cap of $24.58 billion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 2.05 and a beta of 1.35. The company has a quick ratio of 1.57, a current ratio of 2.13 and a debt-to-equity ratio of 0.51. Ralph Lauren Corporation has a 12 month low of $259.30 and a 12 month high of $421.60.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.28. The business 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%. Ralph Lauren’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period last year, the company posted $2.27 EPS. Research analysts predict that Ralph Lauren Corporation will post 18.33 EPS for the current year.

Ralph Lauren Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors 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 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 1.0%. Ralph Lauren’s dividend payout ratio is currently 24.16%.

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.