DJE Kapital AG Makes New Investment in Ralph Lauren Corporation $RL

DJE Kapital AG bought a new position in Ralph Lauren Corporation (NYSE:RL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,300 shares of the textile maker’s stock, valued at approximately $2,243,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of RL. Orion Porfolio Solutions LLC grew its position in Ralph Lauren by 8,937.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock worth $264,225,000 after purchasing an additional 952,681 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Ralph Lauren by 40.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 895,017 shares of the textile maker’s stock worth $316,487,000 after purchasing an additional 255,511 shares during the last quarter. Jupiter Asset Management Ltd. bought a new position in Ralph Lauren in the 3rd quarter worth about $74,841,000. Two Sigma Investments LP grew its position in Ralph Lauren by 137.1% in the 3rd quarter. Two Sigma Investments LP now owns 362,022 shares of the textile maker’s stock worth $113,516,000 after purchasing an additional 209,330 shares during the last quarter. Finally, Norges Bank bought a new position in Ralph Lauren in the 4th quarter worth about $73,511,000. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Up 4.9%

RL stock opened at $395.03 on Friday. Ralph Lauren Corporation has a 52-week low of $258.13 and a 52-week high of $395.16. The company’s 50 day simple moving average is $364.11 and its 200-day simple moving average is $360.07. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.13 and a quick ratio of 1.57. The firm has a market capitalization of $23.51 billion, a P/E ratio of 26.14, a P/E/G ratio of 1.87 and a beta of 1.35.

Ralph Lauren (NYSE:RL) last released 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 net margin of 11.60% and a return on equity of 38.17%. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the previous year, the business earned $2.27 earnings per share. The firm’s revenue was up 16.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Ralph Lauren Corporation will post 18.29 EPS for the current year.

Ralph Lauren Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be issued 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 is Friday, June 26th. Ralph Lauren’s dividend payout ratio (DPR) is presently 24.16%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on RL. Needham & Company LLC reaffirmed a “buy” rating and issued a $400.00 price target on shares of Ralph Lauren in a research note on Thursday, May 21st. Weiss Ratings lowered shares of Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 15th. UBS Group upped their price target on shares of Ralph Lauren from $480.00 to $511.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Citigroup raised shares of Ralph Lauren from a “neutral” rating to a “buy” rating and upped their price target for the stock from $360.00 to $400.00 in a research note on Tuesday, March 24th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $450.00 price target on shares of Ralph Lauren in a research note on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $428.29.

Ralph Lauren Company 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.