Leeward Investments LLC MA Acquires New Shares in Ralph Lauren Corporation $RL

Leeward Investments LLC MA bought a new stake in shares of Ralph Lauren Corporation (NYSE:RL) during the first quarter, Holdings Channel.com reports. The fund bought 21,331 shares of the textile maker’s stock, valued at approximately $7,337,000.

Other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. grew its position in shares of Ralph Lauren by 26.2% in the fourth quarter. Invesco Ltd. now owns 1,324,018 shares of the textile maker’s stock valued at $468,186,000 after purchasing an additional 275,263 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Ralph Lauren by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 1,050,543 shares of the textile maker’s stock valued at $370,852,000 after purchasing an additional 54,686 shares during the period. Orion Porfolio Solutions LLC lifted its holdings in 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 worth $264,225,000 after purchasing an additional 952,681 shares in the last quarter. Qube Research & Technologies Ltd lifted its holdings in Ralph Lauren by 11.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 941,832 shares of the textile maker’s stock worth $295,321,000 after purchasing an additional 98,511 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Ralph Lauren by 40.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 895,017 shares of the textile maker’s stock worth $316,487,000 after purchasing an additional 255,511 shares during the period. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Price Performance

Ralph Lauren stock opened at $413.95 on Thursday. The stock has a market cap of $24.64 billion, a price-to-earnings ratio of 27.40, a PEG ratio of 2.02 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 business has a 50-day simple moving average of $372.27 and a 200 day simple moving average of $363.05. Ralph Lauren Corporation has a 52 week low of $266.20 and a 52 week high of $421.60.

Ralph Lauren (NYSE:RL) last released its quarterly 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 firm had revenue of $1.98 billion for 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 company’s revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.27 EPS. On average, research analysts forecast that Ralph Lauren Corporation will post 18.33 earnings per share for the current fiscal year.

Ralph Lauren Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Barclays lifted their target price on Ralph Lauren from $430.00 to $439.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $437.00 price objective 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 price objective on shares of Ralph Lauren in a research note on Thursday, May 21st. Weiss Ratings lowered shares of Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 15th. Finally, Wall Street Zen cut shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Fifteen research 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $430.07.

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.