Bull Harbor Capital LLC Invests $1.07 Million in Ralph Lauren Corporation $RL

Bull Harbor Capital LLC bought a new position in Ralph Lauren Corporation (NYSE:RL) during the first quarter, Holdings Channel reports. The fund bought 3,112 shares of the textile maker’s stock, valued at approximately $1,070,000.

Other institutional investors also recently modified their holdings of the company. Blueline Advisors LLC purchased a new position in Ralph Lauren during the 4th quarter valued at about $27,000. JPL Wealth Management LLC purchased a new stake in Ralph Lauren in the third quarter worth about $27,000. Flagship Harbor Advisors LLC bought a new position in shares of Ralph Lauren during the fourth quarter valued at approximately $35,000. Elevated Capital Advisors LLC bought a new position in shares of Ralph Lauren during the fourth quarter valued at approximately $35,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Ralph Lauren during the second quarter valued at approximately $28,000. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Stock Performance

RL stock opened at $375.76 on Thursday. The stock’s 50 day simple moving average is $387.07 and its 200 day simple moving average is $367.42. 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 Corporation has a 12-month low of $273.04 and a 12-month high of $421.60. The stock has a market capitalization of $22.37 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 1.87 and a beta of 1.34.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, topping 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 quarter last year, the company earned $2.27 EPS. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. As a group, research analysts forecast that Ralph Lauren Corporation will post 18.33 earnings per share for the current fiscal year.

Ralph Lauren Increases Dividend

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

Wall Street Analysts Forecast Growth

RL has been the topic of a number of analyst reports. UBS Group boosted their price target on Ralph Lauren from $480.00 to $511.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Weiss Ratings lowered Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 15th. Zacks Research cut Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Wells Fargo & Company boosted their target price on Ralph Lauren from $415.00 to $425.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Finally, Bank of America boosted their target price on Ralph Lauren from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Fifteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $430.79.

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.