Capricorn Fund Managers Ltd Has $3.14 Million Holdings in Ralph Lauren Corporation $RL

Capricorn Fund Managers Ltd decreased its position in shares of Ralph Lauren Corporation (NYSE:RL) by 67.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,000 shares of the textile maker’s stock after selling 21,000 shares during the quarter. Capricorn Fund Managers Ltd’s holdings in Ralph Lauren were worth $3,136,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of Ralph Lauren by 13.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,007,745 shares of the textile maker’s stock worth $276,407,000 after buying an additional 117,494 shares in the last quarter. Broad Peak Investment Advisers Pte Ltd acquired a new position in shares of Ralph Lauren during the 2nd quarter valued at $6,308,000. BNP Paribas Financial Markets boosted its stake in Ralph Lauren by 31.5% during the first quarter. BNP Paribas Financial Markets now owns 171,141 shares of the textile maker’s stock worth $37,778,000 after acquiring an additional 40,977 shares in the last quarter. Signal Advisors Wealth LLC acquired a new stake in Ralph Lauren in the second quarter worth $309,000. Finally, Entropy Technologies LP acquired a new stake in Ralph Lauren in the second quarter worth $3,902,000. Institutional investors own 67.91% of the company’s stock.

Analyst Upgrades and Downgrades

RL has been the topic of a number of research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Ralph Lauren in a research report on Wednesday, October 8th. Wells Fargo & Company increased their price target on Ralph Lauren from $385.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. Zacks Research cut Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 8th. TD Cowen upped their target price on Ralph Lauren from $354.00 to $399.00 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. Finally, Evercore ISI lifted their price target on shares of Ralph Lauren from $340.00 to $375.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $357.44.

Ralph Lauren Stock Down 1.0%

Shares of NYSE:RL opened at $358.01 on Friday. The business’s 50 day moving average is $346.16 and its 200 day moving average is $314.00. Ralph Lauren Corporation has a 12-month low of $176.61 and a 12-month high of $380.00. The stock has a market cap of $21.71 billion, a price-to-earnings ratio of 26.46, a PEG ratio of 1.75 and a beta of 1.52. The company has a quick ratio of 1.35, a current ratio of 2.04 and a debt-to-equity ratio of 0.57.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, November 6th. The textile maker reported $3.79 earnings per share for the quarter, beating the consensus estimate of $3.45 by $0.34. Ralph Lauren had a return on equity of 36.18% and a net margin of 11.28%.The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period last year, the business earned $2.54 EPS. The business’s revenue was up 16.5% on a year-over-year basis. On average, sell-side analysts forecast that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 26th will be given a $0.9125 dividend. This represents a $3.65 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, December 26th. Ralph Lauren’s dividend payout ratio is presently 26.98%.

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.