OP Asset Management Ltd Takes $707,000 Position in Ralph Lauren Corporation $RL

OP Asset Management Ltd acquired a new stake in shares of Ralph Lauren Corporation (NYSE:RL) during the first quarter, HoldingsChannel.com reports. The fund acquired 2,056 shares of the textile maker’s stock, valued at approximately $707,000.

A number of other institutional investors have also made changes to their positions in the stock. Oregon Public Employees Retirement Fund boosted its position in Ralph Lauren by 0.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,425 shares of the textile maker’s stock worth $1,565,000 after purchasing an additional 31 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Ralph Lauren by 14.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 251 shares of the textile maker’s stock valued at $90,000 after purchasing an additional 31 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of Ralph Lauren by 23.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 179 shares of the textile maker’s stock valued at $63,000 after purchasing an additional 34 shares during the period. Polymer Capital Management US LLC lifted its stake in shares of Ralph Lauren by 1.1% in the third quarter. Polymer Capital Management US LLC now owns 3,230 shares of the textile maker’s stock worth $1,013,000 after buying an additional 34 shares during the last quarter. Finally, Vident Advisory LLC boosted its holdings in shares of Ralph Lauren by 3.0% during the 4th quarter. Vident Advisory LLC now owns 1,257 shares of the textile maker’s stock worth $445,000 after buying an additional 37 shares during the period. 67.91% of the stock is owned by institutional investors.

Ralph Lauren Trading Up 1.0%

Shares of RL stock opened at $401.52 on Wednesday. The firm has a market capitalization of $23.90 billion, a P/E ratio of 26.57, a price-to-earnings-growth ratio of 1.97 and a beta of 1.35. Ralph Lauren Corporation has a 1 year low of $266.20 and a 1 year high of $421.60. The firm’s fifty day simple moving average is $374.71 and its 200 day simple moving average is $364.33. The company has a current ratio of 2.13, a quick ratio of 1.57 and a debt-to-equity ratio of 0.51.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 11.60% and a return on equity of 38.17%. The business’s revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.27 EPS. As a group, sell-side analysts predict that Ralph Lauren Corporation will post 18.33 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. Stockholders of record on Friday, June 26th will be given a dividend of $1.00 per share. This is an increase 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 1.0%. The ex-dividend date of this dividend is Friday, June 26th. Ralph Lauren’s dividend payout ratio (DPR) is currently 26.47%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Zacks Research lowered shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Bank of America boosted their target price on shares of Ralph Lauren from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $437.00 price target on shares of Ralph Lauren in a report on Friday, May 22nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $400.00 price target on shares of Ralph Lauren in a research report on Thursday, May 21st. Finally, Wall Street Zen lowered Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $430.07.

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.