Ralph Lauren Corporation $RL Shares Purchased by Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna increased its stake in shares of Ralph Lauren Corporation (NYSE:RL) by 7,706.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,342 shares of the textile maker’s stock after purchasing an additional 2,312 shares during the quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna’s holdings in Ralph Lauren were worth $828,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blueline Advisors LLC acquired a new position in Ralph Lauren during the 4th quarter worth $27,000. JPL Wealth Management LLC acquired a new position in Ralph Lauren during the 3rd quarter worth $27,000. CYBER HORNET ETFs LLC acquired a new position in Ralph Lauren during the 2nd quarter worth $28,000. Aventura Private Wealth LLC acquired a new position in Ralph Lauren during the 4th quarter worth $29,000. Finally, Rothschild Investment LLC grew its stake in Ralph Lauren by 61.3% during the 3rd quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock worth $31,000 after purchasing an additional 38 shares in the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Stock Down 0.0%

Ralph Lauren stock opened at $366.58 on Friday. Ralph Lauren Corporation has a fifty-two week low of $258.13 and a fifty-two week high of $393.41. 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 company has a market capitalization of $21.82 billion, a P/E ratio of 24.26, a PEG ratio of 1.82 and a beta of 1.35. The stock has a 50-day simple moving average of $360.03 and a 200-day simple moving average of $358.35.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $1.85 billion. During the same period in the previous year, the business earned $2.27 EPS. The business’s quarterly revenue was up 16.6% on a year-over-year basis. Equities research analysts expect that Ralph Lauren Corporation will post 18.29 earnings per share for the current year.

Ralph Lauren Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, June 26th. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.91. Ralph Lauren’s dividend payout ratio (DPR) is presently 24.16%.

Analyst Ratings Changes

RL has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 price target on shares of Ralph Lauren in a report on Thursday, May 21st. Bank of America upped their price objective on Ralph Lauren from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Barclays upped their price objective on Ralph Lauren from $430.00 to $439.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $437.00 price objective on shares of Ralph Lauren in a research report on Friday, May 22nd. Finally, Weiss Ratings cut Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 15th. Fifteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Ralph Lauren currently has an average rating of “Moderate Buy” and an average price target of $428.29.

About Ralph Lauren

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.