Hillsdale Investment Management Inc. Acquires 6,300 Shares of Ralph Lauren Corporation $RL

Hillsdale Investment Management Inc. lifted its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 95.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,870 shares of the textile maker’s stock after purchasing an additional 6,300 shares during the period. Hillsdale Investment Management Inc.’s holdings in Ralph Lauren were worth $3,530,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BNP Paribas Financial Markets lifted its stake in shares of Ralph Lauren by 31.5% in the 1st quarter. BNP Paribas Financial Markets now owns 171,141 shares of the textile maker’s stock valued at $37,778,000 after purchasing an additional 40,977 shares during the period. Signal Advisors Wealth LLC bought a new stake in Ralph Lauren in the second quarter worth approximately $309,000. Jump Financial LLC increased its holdings in Ralph Lauren by 8,741.2% in the first quarter. Jump Financial LLC now owns 123,600 shares of the textile maker’s stock worth $27,283,000 after purchasing an additional 122,202 shares in the last quarter. Aberdeen Group plc boosted its holdings in shares of Ralph Lauren by 17.0% during the 2nd quarter. Aberdeen Group plc now owns 7,508 shares of the textile maker’s stock worth $2,059,000 after buying an additional 1,090 shares in the last quarter. Finally, Wealthfront Advisers LLC bought a new position in shares of Ralph Lauren during the 2nd quarter worth approximately $286,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on RL shares. JPMorgan Chase & Co. increased their target price on Ralph Lauren from $423.00 to $430.00 and gave the stock an “overweight” rating in a report on Friday, September 26th. Wells Fargo & Company lifted their price target on Ralph Lauren from $320.00 to $345.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ralph Lauren in a report on Wednesday, October 8th. Evercore ISI boosted their price objective on Ralph Lauren from $340.00 to $375.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Finally, Telsey Advisory Group raised their target price on Ralph Lauren from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $347.13.

Ralph Lauren Trading Up 4.0%

Shares of Ralph Lauren stock opened at $339.93 on Friday. The stock has a market capitalization of $20.61 billion, a P/E ratio of 27.15, a P/E/G ratio of 1.63 and a beta of 1.61. Ralph Lauren Corporation has a 52-week low of $176.61 and a 52-week high of $343.44. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.30 and a current ratio of 1.84. The stock’s 50-day simple moving average is $322.45 and its 200 day simple moving average is $297.51.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, November 6th. The textile maker reported $3.79 earnings per share for the quarter, topping the consensus estimate of $3.45 by $0.34. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the company earned $2.54 earnings per share. The company’s revenue was up 16.5% on a year-over-year basis. As a group, research analysts anticipate that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were given a dividend of $0.9125 per share. The ex-dividend date was Friday, September 26th. This represents a $3.65 annualized dividend and a dividend yield of 1.1%. Ralph Lauren’s dividend payout ratio is currently 26.98%.

Ralph Lauren Profile

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men’s, women’s, and children’s clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.