Dimensional Fund Advisors LP Purchases 5,107 Shares of Ralph Lauren Corporation $RL

Dimensional Fund Advisors LP raised its position in Ralph Lauren Corporation (NYSE:RL) by 1.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 423,283 shares of the textile maker’s stock after acquiring an additional 5,107 shares during the period. Dimensional Fund Advisors LP owned approximately 0.70% of Ralph Lauren worth $145,550,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Orion Porfolio Solutions LLC lifted its holdings in shares of Ralph Lauren by 8,937.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock valued at $264,225,000 after purchasing an additional 952,681 shares during the last quarter. Invesco Ltd. grew its stake in Ralph Lauren by 26.2% during the 4th quarter. Invesco Ltd. now owns 1,324,018 shares of the textile maker’s stock worth $468,186,000 after buying an additional 275,263 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Ralph Lauren by 40.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 895,017 shares of the textile maker’s stock valued at $316,487,000 after buying an additional 255,511 shares in the last quarter. AQR Capital Management LLC increased its position in Ralph Lauren by 38.6% during the 4th quarter. AQR Capital Management LLC now owns 881,360 shares of the textile maker’s stock valued at $311,658,000 after buying an additional 245,242 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in Ralph Lauren by 70.5% in the fourth quarter. First Trust Advisors LP now owns 586,225 shares of the textile maker’s stock valued at $207,295,000 after buying an additional 242,386 shares during the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Price Performance

NYSE:RL opened at $372.97 on Monday. The company has a quick ratio of 1.57, a current ratio of 2.13 and a debt-to-equity ratio of 0.51. Ralph Lauren Corporation has a 52 week low of $273.04 and a 52 week high of $421.60. The stock’s 50-day moving average price is $383.95 and its 200-day moving average price is $367.11. The stock has a market capitalization of $22.20 billion, a PE ratio of 24.68, a price-to-earnings-growth ratio of 1.85 and a beta of 1.34.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.28. The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.The business’s revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.27 earnings per share. As a group, equities analysts expect that Ralph Lauren Corporation will post 18.33 EPS for the current fiscal year.

Ralph Lauren Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were paid a $1.00 dividend. The ex-dividend date of this dividend was Friday, June 26th. This represents a $4.00 dividend on an annualized basis and a yield of 1.1%. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.91. Ralph Lauren’s dividend payout ratio is 26.47%.

Analysts Set New Price Targets

RL has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price target on Ralph Lauren from $415.00 to $425.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. UBS Group increased their price objective on shares of Ralph Lauren from $480.00 to $511.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Barclays lifted their target price on shares of Ralph Lauren from $430.00 to $439.00 and gave the stock an “overweight” rating in a research note on Friday, May 22nd. Zacks Research downgraded shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Finally, Weiss Ratings lowered shares of Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 15th. Fifteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $430.79.

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.