Dynamic Technology Lab Private Ltd Boosts Stock Holdings in Ralph Lauren Corporation $RL

Dynamic Technology Lab Private Ltd raised its stake in Ralph Lauren Corporation (NYSE:RL) by 78.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,417 shares of the textile maker’s stock after purchasing an additional 1,941 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Ralph Lauren were worth $1,385,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Ralph Lauren by 5.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,432 shares of the textile maker’s stock worth $758,000 after buying an additional 174 shares during the period. Empowered Funds LLC grew its position in Ralph Lauren by 0.9% during the first quarter. Empowered Funds LLC now owns 12,334 shares of the textile maker’s stock valued at $2,723,000 after acquiring an additional 114 shares during the period. Woodline Partners LP increased its stake in Ralph Lauren by 39.5% during the first quarter. Woodline Partners LP now owns 3,369 shares of the textile maker’s stock worth $744,000 after acquiring an additional 954 shares during the last quarter. Focus Partners Wealth increased its stake in Ralph Lauren by 29.5% during the first quarter. Focus Partners Wealth now owns 3,812 shares of the textile maker’s stock worth $841,000 after acquiring an additional 869 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in shares of Ralph Lauren in the 2nd quarter worth about $386,000. 67.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ralph Lauren

In other news, CEO Patrice Louvet sold 47,000 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $354.22, for a total value of $16,648,340.00. Following the completion of the transaction, the chief executive officer directly owned 85,552 shares in the company, valued at approximately $30,304,229.44. This represents a 35.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 38.34% of the company’s stock.

Ralph Lauren Price Performance

RL stock opened at $338.90 on Monday. The firm has a market cap of $20.52 billion, a P/E ratio of 23.07, a price-to-earnings-growth ratio of 1.32 and a beta of 1.47. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.52 and a current ratio of 2.10. Ralph Lauren Corporation has a 1 year low of $176.61 and a 1 year high of $389.15. The stock has a 50-day simple moving average of $361.53 and a 200-day simple moving average of $341.18.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, February 5th. The textile maker reported $6.22 EPS for the quarter, topping the consensus estimate of $5.80 by $0.42. The firm had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.30 billion. Ralph Lauren had a return on equity of 37.97% and a net margin of 11.73%.Ralph Lauren’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the company posted $4.82 EPS. On average, equities analysts predict that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were given a dividend of $0.9125 per share. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, December 26th. Ralph Lauren’s payout ratio is presently 24.85%.

Wall Street Analyst Weigh In

RL has been the subject of a number of research reports. Citigroup boosted their target price on Ralph Lauren from $333.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Jefferies Financial Group cut their price target on shares of Ralph Lauren from $425.00 to $410.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Evercore set a $420.00 price target on shares of Ralph Lauren and gave the company an “outperform” rating in a research report on Friday, February 6th. Zacks Research upgraded shares of Ralph Lauren from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Deutsche Bank Aktiengesellschaft set a $422.00 price objective on shares of Ralph Lauren in a research report on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $389.06.

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.