BW Gestao de Investimentos Ltda. Makes New Investment in Ralph Lauren Corporation $RL

BW Gestao de Investimentos Ltda. purchased a new position in shares of Ralph Lauren Corporation (NYSE:RL) in the fourth quarter, Holdings Channel.com reports. The firm purchased 11,816 shares of the textile maker’s stock, valued at approximately $4,178,000.

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

Ralph Lauren Stock Down 0.7%

RL opened at $363.84 on Wednesday. The business has a 50 day moving average price of $358.08 and a two-hundred day moving average price of $357.69. 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 market cap of $21.66 billion, a PE ratio of 24.08, a P/E/G ratio of 1.82 and a beta of 1.35. Ralph Lauren Corporation has a 52 week low of $258.13 and a 52 week high of $393.41.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, beating the consensus estimate of $2.52 by $0.28. The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.85 billion. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.The firm’s revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.27 EPS. As a group, research analysts anticipate that Ralph Lauren Corporation will post 18.29 EPS for the current year.

Ralph Lauren Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $4.00 annualized dividend and a yield of 1.1%. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.91. Ralph Lauren’s dividend payout ratio (DPR) is currently 24.16%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. UBS Group boosted their target price on Ralph Lauren from $480.00 to $511.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Zacks Research downgraded Ralph Lauren from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $437.00 target price on shares of Ralph Lauren in a report on Friday, May 22nd. Needham & Company LLC reissued a “buy” rating and issued a $400.00 target price on shares of Ralph Lauren in a report on Thursday, May 21st. Finally, Barclays boosted 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. Fifteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Ralph Lauren currently has an average rating of “Moderate Buy” and an average price target 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.