Quantinno Capital Management LP Has $113.06 Million Stock Position in Ralph Lauren Corporation $RL

Quantinno Capital Management LP lifted its position in shares of Ralph Lauren Corporation (NYSE:RL) by 24.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 328,660 shares of the textile maker’s stock after acquiring an additional 65,361 shares during the quarter. Quantinno Capital Management LP’s holdings in Ralph Lauren were worth $113,056,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in RL. M&T Bank Corp raised its holdings in Ralph Lauren by 6,216.7% during the 4th quarter. M&T Bank Corp now owns 73,337 shares of the textile maker’s stock worth $25,933,000 after purchasing an additional 72,176 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Ralph Lauren by 28.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 41,688 shares of the textile maker’s stock valued at $14,741,000 after purchasing an additional 9,133 shares during the period. Vest Financial LLC boosted its stake in shares of Ralph Lauren by 177.9% in the 4th quarter. Vest Financial LLC now owns 54,701 shares of the textile maker’s stock valued at $19,343,000 after purchasing an additional 35,016 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Ralph Lauren by 106.8% in the 4th quarter. Asset Management One Co. Ltd. now owns 63,180 shares of the textile maker’s stock valued at $22,552,000 after purchasing an additional 32,622 shares during the last quarter. Finally, Truist Financial Corp grew its position in shares of Ralph Lauren by 8.1% during the 4th quarter. Truist Financial Corp now owns 371,086 shares of the textile maker’s stock worth $131,220,000 after buying an additional 27,848 shares during the period. Institutional investors and hedge funds own 67.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on RL shares. Telsey Advisory Group boosted their price target on shares of Ralph Lauren from $435.00 to $460.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $437.00 target price on shares of Ralph Lauren in a report on Friday, May 22nd. Bank of America upped their target price on shares of Ralph Lauren from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Weiss Ratings downgraded Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 15th. 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $430.79.

Ralph Lauren Stock Performance

Shares of NYSE:RL opened at $380.11 on Tuesday. The firm’s 50 day simple moving average is $385.04 and its 200 day simple moving average is $367.23. Ralph Lauren Corporation has a fifty-two week low of $273.04 and a fifty-two week high of $421.60. The company has a market capitalization of $22.62 billion, a price-to-earnings ratio of 25.16, a P/E/G ratio of 1.85 and a beta of 1.34. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.13 and a quick ratio of 1.57.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, May 21st. The textile maker reported $2.80 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the company earned $2.27 earnings per share. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. As a group, sell-side analysts forecast that Ralph Lauren Corporation will post 18.33 earnings per share for the current year.

Ralph Lauren Increases Dividend

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

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.