Dymon Asia Capital Singapore PTE. LTD. Purchases New Shares in Ralph Lauren Corporation $RL

Dymon Asia Capital Singapore PTE. LTD. acquired a new position in Ralph Lauren Corporation (NYSE:RL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,800 shares of the textile maker’s stock, valued at approximately $1,042,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Invesco Ltd. increased its position in shares of Ralph Lauren by 22.3% during the first quarter. Invesco Ltd. now owns 1,512,903 shares of the textile maker’s stock valued at $333,958,000 after buying an additional 275,391 shares during the period. AQR Capital Management LLC boosted its position in Ralph Lauren by 55.7% during the 1st quarter. AQR Capital Management LLC now owns 1,157,867 shares of the textile maker’s stock valued at $245,468,000 after acquiring an additional 414,275 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Ralph Lauren by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,014,880 shares of the textile maker’s stock worth $277,818,000 after acquiring an additional 15,785 shares during the period. JPMorgan Chase & Co. raised its position in shares of Ralph Lauren by 13.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,007,745 shares of the textile maker’s stock worth $276,407,000 after acquiring an additional 117,494 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its position in shares of Ralph Lauren by 26.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 843,321 shares of the textile maker’s stock worth $231,306,000 after acquiring an additional 174,847 shares in the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RL. Needham & Company LLC lifted their price target on Ralph Lauren from $335.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, September 12th. UBS Group boosted their target price on shares of Ralph Lauren from $421.00 to $435.00 and gave the company a “buy” rating in a report on Friday, November 7th. JPMorgan Chase & Co. upped their target price on shares of Ralph Lauren from $423.00 to $430.00 and gave the stock an “overweight” rating in a research report on Friday, September 26th. Guggenheim assumed coverage on shares of Ralph Lauren in a research report on Tuesday. They set a “neutral” rating for the company. Finally, Wells Fargo & Company upped their price objective on shares of Ralph Lauren from $345.00 to $385.00 and gave the stock an “overweight” rating in a report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $349.63.

Ralph Lauren Stock Performance

Shares of Ralph Lauren stock opened at $355.45 on Wednesday. Ralph Lauren Corporation has a 1 year low of $176.61 and a 1 year high of $374.00. The firm’s 50-day moving average is $334.67 and its 200 day moving average is $306.16. The stock has a market cap of $21.55 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 1.73 and a beta of 1.52. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.04 and a quick ratio of 1.35.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, November 6th. The textile maker reported $3.79 earnings per share for the quarter, beating analysts’ consensus estimates of $3.45 by $0.34. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.88 billion. Ralph Lauren had a net margin of 11.28% and a return on equity of 36.18%. Ralph Lauren’s revenue was up 16.5% compared to the same quarter last year. During the same period last year, the business earned $2.54 EPS. Sell-side analysts anticipate that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were given a $0.9125 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a $3.65 annualized dividend and a yield of 1.0%. Ralph Lauren’s dividend payout ratio is 26.98%.

Ralph Lauren Profile

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men’s, women’s, and children’s clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.