Ralph Lauren Corporation $RL Holdings Increased by Engineers Gate Manager LP

Engineers Gate Manager LP grew its stake in shares of Ralph Lauren Corporation (NYSE:RL) by 1,002.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 157,122 shares of the textile maker’s stock after buying an additional 142,865 shares during the quarter. Ralph Lauren comprises 0.7% of Engineers Gate Manager LP’s holdings, making the stock its 23rd biggest position. Engineers Gate Manager LP’s holdings in Ralph Lauren were worth $55,560,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of Ralph Lauren by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 1,050,543 shares of the textile maker’s stock worth $370,852,000 after buying an additional 54,686 shares in the last quarter. Invesco Ltd. grew its holdings in Ralph Lauren by 9.8% during the third quarter. Invesco Ltd. now owns 1,048,755 shares of the textile maker’s stock worth $328,848,000 after acquiring an additional 93,753 shares during the period. Orion Porfolio Solutions LLC grew its holdings in Ralph Lauren by 8,937.8% during the second quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock worth $264,225,000 after acquiring an additional 952,681 shares during the period. Qube Research & Technologies Ltd grew its holdings in Ralph Lauren by 11.7% during the third quarter. Qube Research & Technologies Ltd now owns 941,832 shares of the textile maker’s stock worth $295,321,000 after acquiring an additional 98,511 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Ralph Lauren by 40.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 895,017 shares of the textile maker’s stock worth $316,487,000 after acquiring an additional 255,511 shares during the period. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Down 0.6%

Shares of NYSE:RL opened at $404.16 on Thursday. 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 cap of $24.06 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 2.02 and a beta of 1.35. Ralph Lauren Corporation has a 52 week low of $259.30 and a 52 week high of $421.60. The firm has a 50 day simple moving average of $368.48 and a 200 day simple moving average of $361.27.

Ralph Lauren (NYSE:RL) last issued 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. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.85 billion. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.27 EPS. As a group, research analysts expect that Ralph Lauren Corporation will post 18.33 earnings per share for the current year.

Ralph Lauren Increases Dividend

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

Analyst Ratings Changes

A number of research analysts recently issued reports on RL shares. BTIG Research reaffirmed a “buy” rating and set a $450.00 target price on shares of Ralph Lauren in a report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $437.00 target price on shares of Ralph Lauren in a report on Friday, May 22nd. Needham & Company LLC reissued a “buy” rating and set a $400.00 price objective on shares of Ralph Lauren in a research note on Thursday, May 21st. Barclays raised their price objective on 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 Ralph Lauren from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $360.00 to $400.00 in a research note on Tuesday, March 24th. Fifteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Ralph Lauren currently has an average 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.