Hillsdale Investment Management Inc. Cuts Holdings in Ralph Lauren Corporation $RL

Hillsdale Investment Management Inc. reduced its position in Ralph Lauren Corporation (NYSE:RL) by 20.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,100 shares of the textile maker’s stock after selling 2,870 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Ralph Lauren were worth $3,925,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in RL. 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 raised its position in shares of Ralph Lauren by 0.9% in the 1st quarter. Empowered Funds LLC now owns 12,334 shares of the textile maker’s stock worth $2,723,000 after buying an additional 114 shares during the period. Woodline Partners LP raised its position in shares of Ralph Lauren by 39.5% in the 1st quarter. Woodline Partners LP now owns 3,369 shares of the textile maker’s stock worth $744,000 after buying an additional 954 shares during the period. Focus Partners Wealth raised its position in shares of Ralph Lauren by 29.5% in the 1st quarter. Focus Partners Wealth now owns 3,812 shares of the textile maker’s stock worth $841,000 after buying an additional 869 shares during the period. Finally, Sivia Capital Partners LLC purchased a new position in shares of Ralph Lauren in the 2nd quarter worth $386,000. 67.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RL has been the subject of several recent research reports. UBS Group increased their price target on Ralph Lauren from $480.00 to $511.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Zacks Research downgraded Ralph Lauren from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Bank of America increased their price target on Ralph Lauren from $400.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Weiss Ratings downgraded Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 15th. Finally, Citigroup upgraded Ralph Lauren from a “neutral” rating to a “buy” rating and increased their price target for the company from $360.00 to $400.00 in a report on Tuesday, March 24th. Fifteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $428.29.

Ralph Lauren Stock Up 0.1%

Shares of Ralph Lauren stock opened at $364.14 on Monday. The business has a 50-day moving average of $357.54 and a 200-day moving average of $357.46. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.13 and a quick ratio of 1.57. The company has a market capitalization of $21.67 billion, a PE ratio of 24.10, a P/E/G ratio of 1.82 and a beta of 1.35. Ralph Lauren Corporation has a 1-year low of $258.13 and a 1-year high of $393.41.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.28. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.85 billion. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.The company’s revenue was up 16.6% on a year-over-year basis. During the same period last year, the firm earned $2.27 earnings per share. As a group, equities analysts forecast that Ralph Lauren Corporation will post 18.22 EPS for the current fiscal year.

Ralph Lauren Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be paid a dividend of $1.00 per share. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.91. This represents a $4.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, June 26th. Ralph Lauren’s payout ratio is 24.16%.

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.