Caprock Group LLC Grows Stake in Ralph Lauren Corporation $RL

Caprock Group LLC increased its stake in Ralph Lauren Corporation (NYSE:RL) by 28.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,764 shares of the textile maker’s stock after purchasing an additional 2,185 shares during the quarter. Caprock Group LLC’s holdings in Ralph Lauren were worth $3,462,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of RL. JPL Wealth Management LLC purchased a new stake in Ralph Lauren in the 3rd quarter worth $27,000. CYBER HORNET ETFs LLC purchased a new position in shares of Ralph Lauren during the second quarter valued at about $28,000. Aventura Private Wealth LLC purchased a new position in shares of Ralph Lauren during the fourth quarter valued at about $29,000. Rothschild Investment LLC lifted its holdings in shares of Ralph Lauren by 61.3% in the 3rd quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock valued at $31,000 after acquiring an additional 38 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new position in shares of Ralph Lauren in the 2nd quarter valued at about $32,000. 67.91% of the stock is owned by institutional investors.

Insider Buying and Selling at Ralph Lauren

In other Ralph Lauren news, CEO Patrice Louvet sold 47,000 shares of the company’s stock in a transaction dated 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 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 legal filing with the SEC, which is accessible through this link. Company insiders own 38.34% of the company’s stock.

Ralph Lauren Trading Down 1.0%

NYSE RL opened at $371.47 on Friday. The company has a market capitalization of $22.49 billion, a PE ratio of 25.29, a P/E/G ratio of 1.32 and a beta of 1.46. The company has a fifty day moving average of $358.58 and a 200 day moving average of $351.76. Ralph Lauren Corporation has a 1 year low of $213.70 and a 1 year high of $393.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.10 and a quick ratio of 1.52.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, February 5th. The textile maker reported $6.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.80 by $0.42. The company had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.30 billion. Ralph Lauren had a net margin of 11.73% and a return on equity of 37.97%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm posted $4.82 earnings per share. Research analysts forecast that Ralph Lauren Corporation will post 16.25 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were given a $0.9125 dividend. The ex-dividend date was Friday, March 27th. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.0%. Ralph Lauren’s dividend payout ratio is 24.85%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on RL shares. Evercore set a $420.00 price target on shares of Ralph Lauren and gave the company an “outperform” rating in a report on Friday, February 6th. Argus lifted their price target on shares of Ralph Lauren from $360.00 to $400.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Deutsche Bank Aktiengesellschaft set a $422.00 price objective on shares of Ralph Lauren in a research note on Thursday, January 8th. Zacks Research raised shares of Ralph Lauren from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Bank of America lifted their price target on shares of Ralph Lauren from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Ralph Lauren has an average rating of “Moderate Buy” and a consensus target price of $399.19.

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.