Interval Partners LP Raises Position in Ralph Lauren Corporation $RL

Interval Partners LP grew its position in Ralph Lauren Corporation (NYSE:RL) by 14.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 72,279 shares of the textile maker’s stock after purchasing an additional 9,215 shares during the quarter. Interval Partners LP’s holdings in Ralph Lauren were worth $25,559,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. M&T Bank Corp grew its stake in shares of Ralph Lauren by 6,216.7% in the fourth quarter. M&T Bank Corp now owns 73,337 shares of the textile maker’s stock worth $25,933,000 after acquiring an additional 72,176 shares during the period. Vest Financial LLC grew its stake in shares of Ralph Lauren by 177.9% in the fourth quarter. Vest Financial LLC now owns 54,701 shares of the textile maker’s stock worth $19,343,000 after acquiring an additional 35,016 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of Ralph Lauren by 28.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 41,688 shares of the textile maker’s stock worth $14,741,000 after acquiring an additional 9,133 shares during the period. Asset Management One Co. Ltd. grew its stake in shares of Ralph Lauren by 106.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 63,180 shares of the textile maker’s stock worth $22,552,000 after acquiring an additional 32,622 shares during the period. Finally, Citigroup Inc. grew its stake in shares of Ralph Lauren by 160.0% in the third quarter. Citigroup Inc. now owns 88,617 shares of the textile maker’s stock worth $27,787,000 after acquiring an additional 54,533 shares during the period. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Stock Performance

Shares of NYSE RL opened at $404.16 on Thursday. The firm has a 50 day moving average of $368.48 and a 200 day moving average of $361.27. The company has a current ratio of 2.13, a quick ratio of 1.57 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $24.06 billion, a price-to-earnings ratio of 26.75, a price-to-earnings-growth ratio of 2.02 and a beta of 1.35. Ralph Lauren Corporation has a 12-month low of $259.30 and a 12-month high of $421.60.

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

Ralph Lauren Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be given a dividend of $1.00 per share. 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. The ex-dividend date is Friday, June 26th. Ralph Lauren’s dividend payout ratio (DPR) is presently 24.16%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. UBS Group lifted their price target on shares of Ralph Lauren from $480.00 to $511.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $400.00 price target on shares of Ralph Lauren in a research note on Thursday, May 21st. BTIG Research reiterated a “buy” rating and issued a $450.00 price target on shares of Ralph Lauren in a research note on Friday, May 22nd. Zacks Research lowered shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Finally, Citigroup upgraded shares of Ralph Lauren from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $360.00 to $400.00 in a research note on Tuesday, March 24th. Fifteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $428.29.

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.