Y Intercept Hong Kong Ltd Has $7.84 Million Holdings in Ralph Lauren Corporation $RL

Y Intercept Hong Kong Ltd lifted its position in shares of Ralph Lauren Corporation (NYSE:RL) by 1,306.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,166 shares of the textile maker’s stock after purchasing an additional 20,590 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Ralph Lauren were worth $7,838,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. JPL Wealth Management LLC acquired a new stake in Ralph Lauren in the 3rd quarter valued at $27,000. Blueline Advisors LLC acquired a new stake in Ralph Lauren in the 4th quarter valued at $27,000. CYBER HORNET ETFs LLC acquired a new stake in Ralph Lauren in the 2nd quarter valued at $28,000. Aventura Private Wealth LLC acquired a new stake in Ralph Lauren in the 4th quarter valued at $29,000. Finally, Rothschild Investment LLC boosted its stake in Ralph Lauren by 61.3% in the 3rd quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock valued at $31,000 after buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Price Performance

Ralph Lauren stock opened at $403.53 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 firm has a market cap of $24.02 billion, a P/E ratio of 26.71, a P/E/G ratio of 1.95 and a beta of 1.35. The business’s fifty day moving average is $365.11 and its two-hundred day moving average is $360.37. Ralph Lauren Corporation has a 52 week low of $258.13 and a 52 week high of $405.49.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.28. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.85 billion. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.The business’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.27 earnings per share. Equities research analysts forecast that Ralph Lauren Corporation will post 18.33 earnings per share for the current fiscal year.

Ralph Lauren Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be paid a $1.00 dividend. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.91. This represents a $4.00 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, June 26th. Ralph Lauren’s payout ratio is presently 24.16%.

Wall Street Analysts Forecast Growth

RL has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $437.00 price target on shares of Ralph Lauren in a research note on Friday, May 22nd. BTIG Research reaffirmed a “buy” rating and issued a $450.00 price target on shares of Ralph Lauren in a research note on Friday, May 22nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $400.00 price target on shares of Ralph Lauren in a research note on Thursday, May 21st. Weiss Ratings lowered Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 15th. Finally, Barclays boosted their price target on Ralph Lauren from $430.00 to $439.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. Fifteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $428.29.

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.