Reflection Asset Management Invests $1.01 Million in Ralph Lauren Corporation $RL

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

Other hedge funds and other institutional investors have also modified their holdings of the company. Blueline Advisors LLC acquired a new position in Ralph Lauren in the 4th quarter valued at about $27,000. JPL Wealth Management LLC acquired a new stake in Ralph Lauren during the third quarter worth approximately $27,000. CYBER HORNET ETFs LLC acquired a new stake in Ralph Lauren during the second quarter worth approximately $28,000. Aventura Private Wealth LLC bought a new stake in shares of Ralph Lauren during the fourth quarter worth approximately $29,000. Finally, Rothschild Investment LLC boosted its holdings in shares of Ralph Lauren by 61.3% during the third quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock worth $31,000 after acquiring an additional 38 shares during the period. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

Shares of Ralph Lauren stock opened at $412.93 on Friday. Ralph Lauren Corporation has a fifty-two week low of $259.30 and a fifty-two week high of $421.60. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.13 and a quick ratio of 1.57. The firm has a market capitalization of $24.58 billion, a P/E ratio of 27.33, a P/E/G ratio of 2.05 and a beta of 1.35. The company’s 50 day moving average price is $370.49 and its two-hundred day moving average price is $361.95.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.28. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the prior year, the firm earned $2.27 EPS. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities analysts forecast that Ralph Lauren Corporation will post 18.33 earnings per share for the current fiscal year.

Ralph Lauren Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.0%. The ex-dividend date 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 (DPR) is 24.16%.

Wall Street Analysts Forecast Growth

RL has been the topic of a number of research reports. Bank of America upped their price objective on Ralph Lauren from $400.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, April 16th. UBS Group boosted their target price on shares of Ralph Lauren from $480.00 to $511.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Barclays upped their price target on shares of Ralph Lauren from $430.00 to $439.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. BTIG Research reaffirmed a “buy” rating and set a $450.00 price target on shares of Ralph Lauren in a research report on Friday, May 22nd. Finally, Weiss Ratings cut shares of Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 15th. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ralph Lauren currently has a consensus rating of “Moderate Buy” and an average target price 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.