434 Shares in Ralph Lauren Co. (NYSE:RL) Acquired by CX Institutional

CX Institutional acquired a new position in shares of Ralph Lauren Co. (NYSE:RL) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 434 shares of the textile maker’s stock, valued at approximately $96,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB raised its stake in Ralph Lauren by 93.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 122 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 59 shares during the last quarter. Sentry Investment Management LLC raised its position in Ralph Lauren by 178.0% in the first quarter. Sentry Investment Management LLC now owns 139 shares of the textile maker’s stock worth $31,000 after acquiring an additional 89 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Ralph Lauren by 1,270.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 127 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Ralph Lauren by 281.1% in the 4th quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker’s stock worth $47,000 after acquiring an additional 149 shares during the period. Finally, Pinpoint Asset Management Ltd raised its stake in shares of Ralph Lauren by 22,500.0% during the 4th quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker’s stock worth $52,000 after buying an additional 225 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on RL shares. BMO Capital Markets boosted their price target on Ralph Lauren from $197.00 to $205.00 and gave the stock an “underperform” rating in a report on Friday, May 23rd. Telsey Advisory Group restated an “outperform” rating and issued a $315.00 target price on shares of Ralph Lauren in a report on Thursday, May 22nd. Wall Street Zen cut shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. boosted their price objective on shares of Ralph Lauren from $285.00 to $342.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Finally, Citigroup upped their price objective on shares of Ralph Lauren from $250.00 to $295.00 and gave the company a “neutral” rating in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $292.88.

Ralph Lauren Price Performance

Shares of Ralph Lauren stock opened at $270.21 on Tuesday. The business’s fifty day moving average price is $247.11 and its 200 day moving average price is $242.56. Ralph Lauren Co. has a twelve month low of $155.96 and a twelve month high of $289.33. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $16.30 billion, a P/E ratio of 24.65, a PEG ratio of 1.73 and a beta of 1.51.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, May 22nd. The textile maker reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.27. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.64 billion. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.71 EPS. As a group, research analysts anticipate that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be paid a $0.9125 dividend. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Friday, June 27th. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.83. Ralph Lauren’s dividend payout ratio (DPR) is currently 31.44%.

Ralph Lauren announced that its Board of Directors has approved a stock repurchase plan on Thursday, May 22nd that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the textile maker to purchase up to 8.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Ralph Lauren Profile

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men’s, women’s, and children’s clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.