MUFG Securities EMEA plc Has $1.28 Million Holdings in Ralph Lauren Corporation $RL

MUFG Securities EMEA plc grew its stake in Ralph Lauren Corporation (NYSE:RL) by 388.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,623 shares of the textile maker’s stock after buying an additional 2,882 shares during the quarter. MUFG Securities EMEA plc’s holdings in Ralph Lauren were worth $1,281,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its position in shares of Ralph Lauren by 7.4% in the third quarter. Envestnet Asset Management Inc. now owns 265,601 shares of the textile maker’s stock worth $83,282,000 after purchasing an additional 18,355 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Ralph Lauren by 116.9% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 47,445 shares of the textile maker’s stock worth $14,877,000 after purchasing an additional 25,569 shares in the last quarter. ING Groep NV lifted its position in shares of Ralph Lauren by 33.1% in the third quarter. ING Groep NV now owns 25,578 shares of the textile maker’s stock worth $8,020,000 after purchasing an additional 6,354 shares in the last quarter. Vest Financial LLC lifted its position in shares of Ralph Lauren by 177.9% in the fourth quarter. Vest Financial LLC now owns 54,701 shares of the textile maker’s stock worth $19,343,000 after purchasing an additional 35,016 shares in the last quarter. Finally, M&T Bank Corp lifted its position in shares of Ralph Lauren by 6,216.7% in the fourth quarter. M&T Bank Corp now owns 73,337 shares of the textile maker’s stock worth $25,933,000 after purchasing an additional 72,176 shares in the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on RL shares. Zacks Research lowered shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Needham & Company LLC reissued a “buy” rating and issued a $400.00 price objective on shares of Ralph Lauren in a research report on Thursday, May 21st. Weiss Ratings lowered shares of Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 15th. Citigroup raised shares of Ralph Lauren from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $360.00 to $400.00 in a research report on Tuesday, March 24th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $435.00 price target on shares of Ralph Lauren in a research note on Thursday, February 5th. Fifteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $428.29.

Ralph Lauren Price Performance

Shares of RL opened at $363.84 on Wednesday. The firm has a market capitalization of $21.66 billion, a PE ratio of 24.08, a PEG ratio of 1.82 and a beta of 1.35. The company’s 50-day moving average is $358.08 and its 200-day moving average is $357.69. Ralph Lauren Corporation has a fifty-two week low of $258.13 and a fifty-two week high of $393.41. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.13 and a quick ratio of 1.57.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.85 billion. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The company’s revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.27 earnings per share. Equities analysts forecast that Ralph Lauren Corporation will post 18.29 EPS for the current year.

Ralph Lauren Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be given a dividend of $1.00 per share. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.91. This represents a $4.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend 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.