Dupont Capital Management Corp Buys 3,245 Shares of Ralph Lauren Corporation $RL

Dupont Capital Management Corp lifted its position in Ralph Lauren Corporation (NYSE:RL) by 11.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,404 shares of the textile maker’s stock after purchasing an additional 3,245 shares during the period. Dupont Capital Management Corp owned 0.05% of Ralph Lauren worth $10,161,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Broad Peak Investment Advisers Pte Ltd purchased a new position in Ralph Lauren during the 2nd quarter valued at about $6,308,000. JPMorgan Chase & Co. boosted its stake in shares of Ralph Lauren by 13.2% during the second quarter. JPMorgan Chase & Co. now owns 1,007,745 shares of the textile maker’s stock valued at $276,407,000 after purchasing an additional 117,494 shares in the last quarter. Signal Advisors Wealth LLC purchased a new position in Ralph Lauren during the second quarter valued at approximately $309,000. Entropy Technologies LP bought a new position in Ralph Lauren in the second quarter worth approximately $3,902,000. Finally, Whalen Wealth Management Inc. purchased a new stake in Ralph Lauren during the third quarter worth $487,000. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RL. Wells Fargo & Company lifted their price target on Ralph Lauren from $385.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. Wall Street Zen upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. JPMorgan Chase & Co. increased their price target on shares of Ralph Lauren from $423.00 to $430.00 and gave the company an “overweight” rating in a research report on Friday, September 26th. BTIG Research started coverage on shares of Ralph Lauren in a report on Tuesday, October 14th. They issued a “buy” rating and a $400.00 price target on the stock. Finally, UBS Group boosted their price objective on shares of Ralph Lauren from $421.00 to $435.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $364.60.

Ralph Lauren Stock Performance

RL opened at $353.94 on Friday. The company has a market cap of $21.46 billion, a P/E ratio of 26.16, a price-to-earnings-growth ratio of 1.73 and a beta of 1.49. The company has a quick ratio of 1.35, a current ratio of 2.04 and a debt-to-equity ratio of 0.57. The firm’s 50-day moving average price is $347.88 and its 200-day moving average price is $316.18. Ralph Lauren Corporation has a 52-week low of $176.61 and a 52-week high of $380.00.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, November 6th. The textile maker reported $3.79 EPS for the quarter, topping analysts’ consensus estimates of $3.45 by $0.34. Ralph Lauren had a net margin of 11.28% and a return on equity of 36.18%. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period last year, the business earned $2.54 EPS. Ralph Lauren’s revenue for the quarter was up 16.5% on a year-over-year basis. As a group, equities analysts anticipate that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

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

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.