Farther Finance Advisors LLC Increases Position in Ralph Lauren Co. (NYSE:RL)

Farther Finance Advisors LLC increased its position in shares of Ralph Lauren Co. (NYSE:RL) by 985.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,736 shares of the textile maker’s stock after acquiring an additional 1,576 shares during the quarter. Farther Finance Advisors LLC’s holdings in Ralph Lauren were worth $397,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB increased its holdings in Ralph Lauren by 93.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 122 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 59 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Ralph Lauren by 1,270.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker’s stock valued at $32,000 after buying an additional 127 shares during the period. Sentry Investment Management LLC raised its holdings in shares of Ralph Lauren by 178.0% during the 1st quarter. Sentry Investment Management LLC now owns 139 shares of the textile maker’s stock valued at $31,000 after buying an additional 89 shares during the period. Jones Financial Companies Lllp lifted its position in Ralph Lauren by 281.1% during 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 in the last quarter. Finally, Pinpoint Asset Management Ltd boosted its holdings in Ralph Lauren by 22,500.0% in the 4th quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker’s stock worth $52,000 after acquiring an additional 225 shares during the period. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Stock Performance

Ralph Lauren stock opened at $270.21 on Tuesday. The company’s 50-day moving average is $247.11 and its two-hundred day moving average is $242.56. Ralph Lauren Co. has a 1 year low of $155.96 and a 1 year high of $289.33. The company has a market cap of $16.30 billion, a PE ratio of 24.65, a PEG ratio of 1.73 and a beta of 1.51. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39.

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

Ralph Lauren Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be issued a $0.9125 dividend. This represents a $3.65 annualized dividend 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 is presently 31.44%.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on RL shares. Needham & Company LLC reiterated a “buy” rating and issued a $310.00 price objective on shares of Ralph Lauren in a report on Friday, May 23rd. 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 research note on Friday, May 23rd. Cowen restated a “buy” rating on shares of Ralph Lauren in a research note on Thursday, May 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $315.00 price target on shares of Ralph Lauren in a report on Thursday, May 22nd. Finally, The Goldman Sachs Group lifted their target price on Ralph Lauren from $262.00 to $324.00 and gave the stock a “buy” rating in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Ralph Lauren currently has a consensus rating of “Moderate Buy” and a consensus target price of $292.88.

Ralph Lauren Company 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.