Ralph Lauren Corporation $RL Holdings Raised by Fox Run Management L.L.C.

Fox Run Management L.L.C. grew its stake in Ralph Lauren Corporation (NYSE:RL) by 517.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,800 shares of the textile maker’s stock after acquiring an additional 6,537 shares during the period. Ralph Lauren comprises 0.4% of Fox Run Management L.L.C.’s investment portfolio, making the stock its 6th biggest holding. Fox Run Management L.L.C.’s holdings in Ralph Lauren were worth $2,758,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in RL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Ralph Lauren by 5.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,432 shares of the textile maker’s stock valued at $758,000 after acquiring an additional 174 shares during the period. Empowered Funds LLC raised its stake in shares of Ralph Lauren by 0.9% in the 1st quarter. Empowered Funds LLC now owns 12,334 shares of the textile maker’s stock valued at $2,723,000 after acquiring an additional 114 shares during the period. Woodline Partners LP raised its stake in shares of Ralph Lauren by 39.5% in the 1st quarter. Woodline Partners LP now owns 3,369 shares of the textile maker’s stock valued at $744,000 after acquiring an additional 954 shares during the period. Focus Partners Wealth raised its stake in shares of Ralph Lauren by 29.5% in the 1st quarter. Focus Partners Wealth now owns 3,812 shares of the textile maker’s stock valued at $841,000 after acquiring an additional 869 shares during the period. Finally, Sivia Capital Partners LLC purchased a new stake in shares of Ralph Lauren in the 2nd quarter valued at approximately $386,000. 67.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on RL. Bank of America upped their target price on shares of Ralph Lauren from $400.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 target price on shares of Ralph Lauren in a research note on Thursday, May 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $437.00 target price on shares of Ralph Lauren in a research note on Friday, May 22nd. Barclays upped their target price on shares of Ralph Lauren from $430.00 to $439.00 and gave the stock an “overweight” rating in a research note on Friday, May 22nd. Finally, Citigroup raised shares of Ralph Lauren from a “neutral” rating to a “buy” rating and upped their target price for the stock from $360.00 to $400.00 in a research note on Tuesday, March 24th. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $428.29.

Ralph Lauren Trading Up 2.0%

Shares of Ralph Lauren stock opened at $373.71 on Tuesday. The company has a fifty day simple moving average of $360.83 and a 200-day simple moving average of $358.91. Ralph Lauren Corporation has a 12-month low of $258.13 and a 12-month high of $393.41. The stock has a market cap of $22.24 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 1.82 and a beta of 1.35. The company has a current ratio of 2.13, a quick ratio of 1.57 and a debt-to-equity ratio of 0.51.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, beating the consensus estimate of $2.52 by $0.28. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the firm earned $2.27 EPS. Ralph Lauren’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, equities analysts forecast that Ralph Lauren Corporation will post 18.29 EPS for the current fiscal year.

Ralph Lauren Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, June 26th. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.91. Ralph Lauren’s 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.