2,150 Shares in Ralph Lauren Corporation $RL Purchased by Towarzystwo Funduszy Inwestycyjnych PZU SA

Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in Ralph Lauren Corporation (NYSE:RL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,150 shares of the textile maker’s stock, valued at approximately $760,000.

A number of other hedge funds have also bought and sold shares of the business. Oregon Public Employees Retirement Fund raised its position in Ralph Lauren by 0.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,425 shares of the textile maker’s stock worth $1,565,000 after buying an additional 31 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Ralph Lauren by 14.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 251 shares of the textile maker’s stock worth $90,000 after buying an additional 31 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. raised its position in Ralph Lauren by 0.3% in the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 11,762 shares of the textile maker’s stock worth $3,688,000 after buying an additional 32 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Ralph Lauren by 23.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 179 shares of the textile maker’s stock worth $63,000 after buying an additional 34 shares during the last quarter. Finally, Polymer Capital Management US LLC raised its position in Ralph Lauren by 1.1% in the 3rd quarter. Polymer Capital Management US LLC now owns 3,230 shares of the textile maker’s stock worth $1,013,000 after buying an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RL. Zacks Research lowered 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 target price on shares of Ralph Lauren in a research report on Thursday, May 21st. Wells Fargo & Company boosted their target price on Ralph Lauren from $400.00 to $415.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Bank of America boosted their target price on Ralph Lauren from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Finally, UBS Group boosted their target price on Ralph Lauren from $480.00 to $511.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Ralph Lauren currently has a consensus rating of “Moderate Buy” and a consensus target price of $428.29.

Ralph Lauren Price Performance

NYSE RL opened at $403.53 on Monday. Ralph Lauren Corporation has a 52 week low of $258.13 and a 52 week high of $405.49. The firm has a market capitalization of $24.02 billion, a P/E ratio of 26.71, a PEG ratio of 2.00 and a beta of 1.35. The company has a quick ratio of 1.57, a current ratio of 2.13 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average price of $365.11 and a 200-day moving average price of $360.45.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, beating the consensus estimate of $2.52 by $0.28. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the prior year, the firm earned $2.27 EPS. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. Equities research analysts anticipate that Ralph Lauren Corporation will post 18.33 earnings per share for the current year.

Ralph Lauren Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $4.00 annualized dividend and a yield of 1.0%. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.91. Ralph Lauren’s payout ratio is currently 24.16%.

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.