276,563 Shares in Ralph Lauren Corporation $RL Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. purchased a new stake in Ralph Lauren Corporation (NYSE:RL) during the third quarter, according to its most recent filing with the SEC. The fund purchased 276,563 shares of the textile maker’s stock, valued at approximately $86,719,000. Ralph Lauren comprises about 0.3% of Rakuten Investment Management Inc.’s portfolio, making the stock its 27th largest holding.

Several other hedge funds have also bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Ralph Lauren by 18.6% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 32,362 shares of the textile maker’s stock worth $10,147,000 after buying an additional 5,075 shares in the last quarter. Chicago Partners Investment Group LLC increased its stake in Ralph Lauren by 69.9% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,805 shares of the textile maker’s stock worth $929,000 after acquiring an additional 1,154 shares during the last quarter. Vest Financial LLC increased its stake in Ralph Lauren by 6.2% in the 3rd quarter. Vest Financial LLC now owns 19,685 shares of the textile maker’s stock worth $6,172,000 after acquiring an additional 1,155 shares during the last quarter. Jackson Thornton Wealth Management LLC purchased a new stake in shares of Ralph Lauren during the 3rd quarter worth approximately $253,000. Finally, Inscription Capital LLC boosted its position in shares of Ralph Lauren by 59.6% during the 3rd quarter. Inscription Capital LLC now owns 6,480 shares of the textile maker’s stock valued at $2,032,000 after acquiring an additional 2,420 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Zacks Research cut shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 8th. Cowen restated a “buy” rating on shares of Ralph Lauren in a research report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft set a $422.00 price target on shares of Ralph Lauren in a report on Thursday, January 8th. Guggenheim initiated coverage on Ralph Lauren in a research note on Tuesday, December 9th. They set a “neutral” rating on the stock. Finally, Argus upped their price objective on Ralph Lauren from $360.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $375.29.

Ralph Lauren Price Performance

RL stock opened at $359.98 on Wednesday. The stock has a market cap of $21.83 billion, a PE ratio of 26.61, a P/E/G ratio of 1.53 and a beta of 1.49. Ralph Lauren Corporation has a 12 month low of $176.61 and a 12 month high of $380.00. The company has a 50-day moving average price of $357.92 and a 200 day moving average price of $325.16. The company has a current ratio of 2.04, a quick ratio of 1.35 and a debt-to-equity ratio of 0.57.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, November 6th. The textile maker reported $3.79 earnings per share for the quarter, topping analysts’ consensus estimates of $3.45 by $0.34. Ralph Lauren had a net margin of 11.28% and a return on equity of 36.18%. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the company posted $2.54 EPS. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. Equities research analysts anticipate that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were paid a $0.9125 dividend. The ex-dividend date was Friday, December 26th. This represents a $3.65 dividend on an annualized basis and a yield of 1.0%. Ralph Lauren’s dividend payout ratio (DPR) is presently 26.98%.

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.