Cynosure Group LLC Takes Position in Ralph Lauren Corporation $RL

Cynosure Group LLC purchased a new stake in Ralph Lauren Corporation (NYSE:RL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,374 shares of the textile maker’s stock, valued at approximately $486,000.

A number of other large investors also recently modified their holdings of RL. Blueline Advisors LLC bought a new position in shares of Ralph Lauren in the 4th quarter valued at $27,000. JPL Wealth Management LLC bought a new position in shares of Ralph Lauren in the 3rd quarter valued at $27,000. CYBER HORNET ETFs LLC bought a new position in shares of Ralph Lauren in the 2nd quarter valued at $28,000. Aventura Private Wealth LLC bought a new position in Ralph Lauren during the 4th quarter worth $29,000. Finally, Rothschild Investment LLC raised its position in Ralph Lauren by 61.3% during the 3rd quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock worth $31,000 after purchasing an additional 38 shares during the last quarter. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Stock Down 1.3%

Shares of NYSE:RL opened at $406.95 on Wednesday. The firm has a market cap of $24.22 billion, a P/E ratio of 26.93, a P/E/G ratio of 2.05 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. Ralph Lauren Corporation has a 12-month low of $259.30 and a 12-month high of $421.60. The business has a fifty day simple moving average of $367.58 and a 200 day simple moving average of $361.04.

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

Ralph Lauren Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, June 26th. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.91. Ralph Lauren’s dividend payout ratio (DPR) is 24.16%.

Analyst Ratings Changes

Several brokerages recently issued reports on RL. Bank of America raised 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. BTIG Research reaffirmed a “buy” rating and set a $450.00 target price on shares of Ralph Lauren in a research report on Friday, May 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 target price on shares of Ralph Lauren in a research report on Thursday, May 21st. Barclays raised their target price on Ralph Lauren from $430.00 to $439.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Finally, Zacks Research lowered Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Fifteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Ralph Lauren currently has a consensus rating of “Moderate Buy” and an average target price of $428.29.

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.