Ralph Lauren Corporation $RL Shares Bought by Krilogy Financial LLC

Krilogy Financial LLC grew its holdings in Ralph Lauren Corporation (NYSE:RL) by 41.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,657 shares of the textile maker’s stock after buying an additional 1,935 shares during the quarter. Krilogy Financial LLC’s holdings in Ralph Lauren were worth $2,461,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. M&T Bank Corp increased its stake in shares of Ralph Lauren by 6,216.7% during the fourth 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 in the last quarter. Vest Financial LLC lifted its stake in 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 buying an additional 35,016 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Ralph Lauren by 28.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 41,688 shares of the textile maker’s stock worth $14,741,000 after buying an additional 9,133 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in 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 worth $22,552,000 after buying an additional 32,622 shares during the last quarter. Finally, Citigroup Inc. increased its stake in Ralph Lauren by 160.0% during the 3rd quarter. Citigroup Inc. now owns 88,617 shares of the textile maker’s stock worth $27,787,000 after buying an additional 54,533 shares in the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Trading Up 1.7%

RL opened at $413.95 on Thursday. The firm has a market capitalization of $24.64 billion, a price-to-earnings ratio of 27.40, a price-to-earnings-growth ratio of 2.02 and a beta of 1.35. The company’s 50 day simple moving average is $372.27 and its two-hundred day simple moving average is $363.05. Ralph Lauren Corporation has a 1-year low of $266.20 and a 1-year high of $421.60. 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 posted its quarterly earnings results 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 return on equity of 38.17% and a net margin of 11.60%.The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period in the prior year, the business earned $2.27 earnings per share. The business’s revenue was up 16.6% compared to the same quarter last year. Analysts expect that Ralph Lauren Corporation will post 18.33 EPS for the current fiscal year.

Ralph Lauren Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, June 26th. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.91. Ralph Lauren’s dividend payout ratio (DPR) is currently 24.16%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Citigroup raised Ralph Lauren from a “neutral” rating to a “buy” rating and increased their target price for the company from $360.00 to $400.00 in a report on Tuesday, March 24th. Needham & Company LLC reiterated a “buy” rating and set a $400.00 price target on shares of Ralph Lauren in a research report on Thursday, May 21st. Telsey Advisory Group increased their price objective on Ralph Lauren from $435.00 to $460.00 and gave the company an “outperform” rating in a research note on Tuesday. UBS Group raised their price objective on Ralph Lauren from $480.00 to $511.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Finally, Zacks Research cut shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Fifteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Ralph Lauren presently has a consensus rating of “Moderate Buy” and an average target price of $430.07.

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.