RBF Capital LLC Increases Stake in Ralph Lauren Corporation $RL

RBF Capital LLC raised its stake in Ralph Lauren Corporation (NYSE:RL) by 14.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 11,453 shares of the textile maker’s stock after purchasing an additional 1,453 shares during the quarter. RBF Capital LLC’s holdings in Ralph Lauren were worth $3,940,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Blueline Advisors LLC bought a new position in shares of Ralph Lauren in the fourth quarter worth approximately $27,000. JPL Wealth Management LLC purchased a new position in shares of Ralph Lauren in the third quarter worth $27,000. Flagship Harbor Advisors LLC bought a new stake in Ralph Lauren during the 4th quarter valued at $35,000. Elevated Capital Advisors LLC bought a new stake in Ralph Lauren during the 4th quarter valued at $35,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in Ralph Lauren during the 2nd quarter valued at $28,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Trading Down 0.5%

Shares of RL opened at $375.76 on Thursday. The firm’s 50-day moving average price is $387.07 and its 200-day moving average price is $367.42. The firm has a market capitalization of $22.37 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 1.87 and a beta of 1.34. The company has a current ratio of 2.13, a quick ratio of 1.57 and a debt-to-equity ratio of 0.51. Ralph Lauren Corporation has a 1-year low of $273.04 and a 1-year 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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.28. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the firm earned $2.27 earnings per share. Ralph Lauren’s revenue was up 16.6% on a year-over-year basis. Sell-side analysts anticipate that Ralph Lauren Corporation will post 18.33 EPS for the current year.

Ralph Lauren Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were given a $1.00 dividend. The ex-dividend date of this dividend was Friday, June 26th. This represents a $4.00 annualized dividend and a dividend yield of 1.1%. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.91. Ralph Lauren’s dividend payout ratio is currently 26.47%.

Wall Street Analysts Forecast Growth

RL has been the topic of a number of recent analyst reports. BTIG Research reissued a “buy” rating and issued a $450.00 price target on shares of Ralph Lauren in a report on Friday, May 22nd. Telsey Advisory Group upped their price objective on shares of Ralph Lauren from $435.00 to $460.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. UBS Group increased their target price on shares of Ralph Lauren from $480.00 to $511.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Wells Fargo & Company raised their target price on Ralph Lauren from $415.00 to $425.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Finally, Wall Street Zen upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Fifteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $430.79.

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.